Woodstock Wire: EMS News

April 15, 2021

Omega EMS Selects Aegis' FactoryLogix IIoT-Based Manufacturing Operations Platform

Business Wire -- Aegis Software, a global provider of Manufacturing Operations Management Software (MOM), announces that Omega EMS, a leading Electronics Manufacturing Services (EMS) provider for complex manufacturing projects, has selected Aegis' FactoryLogix(r)...

April 15, 2021 05:23 AM

MMI: Top 50 EMS sales reached $384 billion in 2020

Media -- Evertiq - Manufacturing Market Insider says that In 2020, sales from the Top 50 EMS companies accounted for USD 384 billion in revenue - an increase of USD 17 billion from 2019.

April 15, 2021 04:38 AM

April 13, 2021

Absolute EMS, Inc. Completes 2021 Recertification Audit

Media -- eBOM - Absolute EMS, Inc., a leading provider of turnkey and consignment manufacturing services, is pleased to announce that it has completed its 2021 recertification audit for the AS9100 Rev D SAE International Aerospace Standard. Absolute EMS manages,...

April 13, 2021 03:18 AM

April 11, 2021

H.I.G. Capital Completes Acquisition of SMTC Corporation

Business Wire -- An affiliate of H.I.G. Capital has completed the acquisition of SMTC Corporation, a global Electronics Manufacturing Services ("EMS") provider.

April 11, 2021 12:32 AM

Foxconn founder invests in biotech firm

Media -- DIGITIMES - Foxconn Electronics (Hon Hai) founder Terry Gou will invest in EirGenix, a Taiwan-based contract development and manufacturing operator (CDMO) for biotechnological pharmaceuticals, to become its biggest shareholder.

April 11, 2021 12:23 AM

April 07, 2021

Foxconn posts 45% revenue surge in 1Q21

Media -- DIGITIMES - Foxconn Electronics (Hon Hai) has reported consolidated revenues climbed 44.5% on year to NT$1.34 trillion (US$47 billion) in the first quarter of 2021, which came within the company's guidance range.

April 07, 2021 07:44 PM

SMTC is now a private company

Media -- Evertiq - It was back in January 2021 that EMS provider SMTC Corporation announced that it had entered into a definitive merger agreement with an affiliate of H.I.G. Capital, a global alternative investment firm, which would transform the SMTC into a...

April 07, 2021 06:09 PM

Absolute EMS, Inc. Recertifies Its Quality Management System

Media -- eBOM - Absolute EMS, Inc., a leading provider of turnkey and consignment manufacturing services, is pleased to announce that it has successfully completed its ISO 13485:2016 recertification audit. The company provides traceability, state-of-the-art quality,...

April 07, 2021 05:58 PM

April 05, 2021

SMTC Corporation Announces Completion of Investment by H.I.G. Capital

Electronics -- SMTC - Creating a Stronger EMS Platform to Support Customers Creating a Stronger EMS Platform to Support Customers

April 05, 2021 06:05 PM

April 03, 2021

Electronics Adds to U.S. Manufacturing Surge

Aspencore -- EPS News - The electronics sector helped drive U.S. manufacturing activity to a 37-year high in March as pent-up demand emptied customers' shelves and firmed up expectations for a widespread economic recovery. There are no signs demand will abate, according...

April 03, 2021 03:40 AM

Global Chip Shortage: Foxconn Says It May Not Be Able to Fulfil All Orders

Media -- ElectronicsB2B - Foxconn does not expect to miss more than 10 per cent of its orders. But it is gradually witnessing the effects of the shortage Amid the global chip shortage crisis that has put hardware manufacturers all over the world on a setback....

April 03, 2021 01:14 AM

April 01, 2021

Stockholders Approve SMTC Corporation's Definitive Merger Agreement and Investment by H.I.G. Capital

Electronics -- SMTC Corporation (Nasdaq:SMTX) ("SMTC" or the "Company"), a global electronics manufacturing services provider and past winner of Frost & Sullivan's Best Practices Award for Customer Value Leadership in the Electronics Manufacturing Services Industry,...

April 01, 2021 03:19 AM

March 31, 2021

Foxtron team up with Nidec to boost EV powertrain development

Media -- Evertiq - Foxtron, Foxconn's electric car company, has signed a memorandum of cooperation (MoU) with Nidec Corporation, under which the parties now join together as strategic cooperating partners looking to increase the momentum in the powertrain development...

March 31, 2021 08:48 PM

Plexus expands with new manufacturing facility in Thailand

Media -- Evertiq - A new 400'000 square feet facility, which is expected to be completed in the company's fiscal third quarter of 2022, will provide Plexus with two levels of production and warehouse space, as well as four levels of office space.

March 31, 2021 08:30 PM

March 30, 2021

Jabil raises its outlook for 2021 following 'outstanding' 2Q

Media -- Evertiq - "Our second quarter performance was outstanding," says CEO Mark Mondello. "The combination of broad end-market strength, more favorable product mix, and excellent operational execution by the team allowed us to deliver USD 285 million in core...

March 30, 2021 10:45 PM

March 29, 2021

North American EMS industry up 6.4% in February

Media -- Evertiq - Total North American EMS shipments in February 2021 were up 6.4% compared to the same month last year. Compared to the preceding month, February shipments fell 1.7%, says the IPC.

March 29, 2021 06:40 PM

Foxconn Shares Rise Over 3% After News of Talks With Vinfast About EV Partnership

U.S. News -- Shares of Taiwan's Foxconn rose as much as 3.6% on Monday after Vietnam conglomerate Vingroup said its car unit was in early...

March 29, 2021 06:14 PM

March 28, 2021

Jabil ups outlook for fiscal 2021, sees digitization of healthcare, electric vehicles as growth engines

Enterprise -- ZDNet News - Jabil is best known for making equipment and products for companies like Apple, Dell, HP and Cisco, but future growth will come from connected healthcare devices and electric vehicles.

March 28, 2021 09:46 PM

Foxconn says it might build EVs at empty Wisconsin site, or in Mexico

Tech -- The Verge - The chairman of Taiwanese manufacturer Foxconn says the electronics giant is considering making electric vehicles at its mostly empty worksite in Wisconsin, where the company originally planned to make LCD...

March 28, 2021 07:10 PM

March 27, 2021

Taiwan February manufacturing production index up on year

Media -- DIGITIMES - Taiwan recorded manufacturing production index (2016 as base year) of 108.76 for February 2021, decreasing 14.98% sequentially and but increasing 3.79% on year, according to Ministry of Economic Affairs (MOEA).

March 27, 2021 07:16 PM

March 24, 2021

MANUFACTURING OUTLOOK IMPROVES IN MARCH - CBI MONTHLY INDUSTRIAL TRENDS SURVEY

Media -- eBOM - Manufacturing output volumes in the three months to March improved to broadly flat, which marked their highest balance since May 2019. That's according to the CBI's latest monthly Industrial Trends Survey.



The survey of 321 manufacturers found...

March 24, 2021 12:22 AM

Absolute EMS invests in new large format wave solder system

Media -- Evertiq - US electronics manufacturer, Absolute EMS, has invested in a new large format JAGUAR N450 high-end lead and lead-free wave soldering system.

March 24, 2021 12:21 AM

March 21, 2021

SMTC Corporation Announces Fourth Quarter and Full Year 2020 Financial Results

Electronics -- SMTC Corporation (Nasdaq:SMTX), a global electronics manufacturing services provider and winner of Frost & Sullivan's 2019 Best Practices Award for Customer Value Leadership in the Electronics Manufacturing Services Industry, today announced its fourth...

March 21, 2021 04:58 AM

Reasons to outsource manufacturing

Media -- Evertiq - When it comes to orchestrating all of the complexities associated with the manufacturing of a product, should innovators and businesses build a product themselves or outsource production? Lets look at the benefits in choosing an EMS to handle...

March 21, 2021 04:24 AM

March 17, 2021

Foxconn to create 20 lighthouse factories in 2021

Media -- DIGITIMES - Foxconn Technology Group (Hon Hai Precision Industry) is planning to modify 20 of its existing plants to become lighthouse factories in 2021 and will use these new facilities to promote development of industrial IoT (IIoT) and smart manufacturing...

March 17, 2021 02:30 AM

March 15, 2021

How UK Manufacturing Gets Back On Its Feet Post Pandemic

Media -- eBOM - What do you believe is the next step for UK manufactures to get back on their feet again after the pandemic?



In any recovery, companies need to start thinking like growth companies as they come off the back off a 'low volumes' year. The biggest...

March 15, 2021 10:48 PM

Hon Hai Research Institute forms E-Vehicle Cybersecurity Alliance

Media -- DIGITIMES - Hon Hai Research Institute, an R&D organization established by Foxconn Electronics (Hon Hai Precision Industry), has formed E-Vehicle Cybersecurity Alliance in a bid to boost cybersecurity for new energy vehicles, mostly EVs.

March 15, 2021 04:21 PM

March 14, 2021

Foxconn will build a new electric vehicle for Fisker

Tech -- The Verge - iPhone-maker Foxconn has agreed to build electric vehicles for Fisker Inc., the eponymous EV startup of automotive designer Henrik Fisker. In a memorandum of understanding announced Wednesday, the two companies...

March 14, 2021 05:37 AM

Pegatron, Foxconn differ in EV business strategies

Media -- DIGITIMES - Both ICT ODM Pegatron and EMS provider Foxconn Electronics (Hon Hai) have stepped into the electric vehicles (EV) sector, but they have different strategies.

March 14, 2021 02:05 AM

March 12, 2021

Wistron, Inventec February notebook shipments remain brisk

Media -- DIGITIMES - Notebook ODMs Inventec and Wistron saw their shipments grow substantially in February 2021 compared to a year earlier, but decrease sequentially.

March 12, 2021 07:06 PM

March 09, 2021

Notebook demand to remain robust in 1H21

Media -- DIGITIMES - Notebook brands and their ODM partners believe that demand for notebooks will remain stable in the first half of 2021 though at the moment they do not have a clear picture of the second half of the year due to low order visibility, according...

March 09, 2021 04:23 AM

March 07, 2021

Microsoft teams up with Foxconn to boost smart manufacturing

Media -- DIGITIMES - Microsoft will cooperate with Foxconn Electronics (Hon Hai) to promote smart manufacturing using its cloud computing services, AI technology and global ecosystem resources, according to Microsoft Taiwan.

March 07, 2021 09:29 PM

Swiss EMS provider gets a new major shareholder

Media -- Evertiq - Swiss EMS provider, Cicor, has says that HEB Swiss Investment AG, Zurich, has sold all of its shares in Cicor Technologies Ltd. in a binding transaction to an investment vehicle of One Equity Partners (OEP).

March 07, 2021 09:13 PM

North American EMS industry up 9.7% in January

Media -- Evertiq - Total North American EMS shipments in January 2021 were up 9.7% compared to the same month last year. Compared to the preceding month, January shipments fell 6.4%, says the IPC.

March 07, 2021 06:51 AM

Indian Electronics Manufacturing Ecosystem

Media -- ELE Times - Tata Group is in the process of building high-end electronics manufacturing capabilities to knit together its dream of creating an engineering and manufacturing ecosystem in the country. In that, there is a huge opportunity to build the electronics...

March 07, 2021 03:58 AM

March 03, 2021

Kitron to manufacture battery management systems in Poland

Media -- Evertiq - EMS provider Kitron is expanding its services with an existing major customer to cover the production of battery management systems.

March 03, 2021 10:50 PM

February 24, 2021

Lawsuit Says Foxconn Cost Governments Hundreds of Millions

U.S. News -- A new lawsuit alleges that worldwide electronics leader Foxconn Technology Group violated terms of its contract in Wisconsin, while local governments spend hundreds of millions of dollars to prepare for the project.

February 24, 2021 07:09 PM

February 22, 2021

U.S. Manufacturing Expands in January at Slightly Slower Pace

Aspencore -- EPS News - U.S. manufacturing activity remained robust at the start of the year although pandemic-related supply and worker constraints curtailed production and drove prices up. The Institute for Supply Management's manufacturing index, the PMI, decreased...

February 22, 2021 05:18 AM

Key Tronic Corporation Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

Globe Newswire -- Key Tronic Corporation (Nasdaq: KTCC) received on February 17, 2021 a standard notice from Nasdaq indicating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarter ended December 26, 2020 (the "Form 10-Q"), the...

February 22, 2021 04:02 AM

February 18, 2021

Swedish EMS provider to become major shareholder in Enedo

Media -- Evertiq - Swedish EMS provider, Inission, says it plans to invest EUR 6.8 million to acquire 49% of the shares in Enedo, a designer and producer of high-quality electronic power supplies and systems.

February 18, 2021 06:26 PM

February 16, 2021

February 15, 2021

U.S. EMS Shipments up 13.5% in December

Aspencore -- EPS News - IPC announced today the December 2020 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.10.

Total North American EMS shipments in December 2020 were up 13.5 percent...

February 15, 2021 08:55 PM

February 14, 2021

Key Tronic Corporation Announces Late Filing For the Second Quarter of Fiscal Year 2021

Globe Newswire -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced the Company is unable to file its Quarterly Report on Form 10-Q for the quarter ended December 26, 2020 (the "Form 10-Q") by the prescribed due...

February 14, 2021 01:35 AM

February 12, 2021

Strong finish to an exceptional year for Kitron

Media -- Evertiq - Kitron's revenue for the fourth quarter was NOK 992 million (EUR 96 million), an increase of 12% compared to last year.

February 12, 2021 08:44 PM

February 10, 2021

Foxconn And Yulon Motor Co Ltd JV To Bring Out EV Bus In October, Says Source: Report

Media -- ElectronicsB2B - The source said that the EV bus that would be rolled out in October would be a prototype The report added that Foxconn has ramped up its interest in EVs over the past year As per a report by Reuters, a joint venture Foxconn and...

February 10, 2021 06:57 PM

February 08, 2021

NOTE is growing very strongly in greentech

Media -- Evertiq - NOTE has had an established development and manufacturing collaboration for several years with the Swedish fast-growing company Charge Amps, which develops and sells smart charging solutions for electric cars and other electric vehicles.

February 08, 2021 08:50 PM

Osram sells production plant to Sanmina

Media -- Evertiq - The German lighting specialist has reportedly sold a Bulgarian production unit to US-based EMS provider Sanmina.

February 08, 2021 06:10 PM

Foxconn to improve gross margin to 7% in 2021

Media -- DIGITIMES - Foxconn expects to improve its gross margin this year to 7% in 2021, and will continue to deepen its deployments in a spate of segments including electric vehicles (EV), robots and semiconductors in the next few years seeking to ramp up gross...

February 08, 2021 02:52 AM

January 29, 2021

Kitron awarded F-35 IF receiver order from Northrop Grumman

Media -- Evertiq - Kitron has received an order from Northrop Grumman for production of a sub-assembly for the F-35 fighter aircraft radar system developed by Northrop Grumman.

January 29, 2021 09:06 PM

Why Manufacturers Should Consider Using a Cloud-based MES Platform

Media -- Robotics and Automation News - Traditional manufacturing execution systems are deployed on a single machine that might be networked to a handful of terminals inside of a machine shop. While this made sense in an era before widespread Internet adoption,...

January 29, 2021 08:59 PM