Woodstock Wire: EMS News

January 24, 2022

Lithuanian EMS provider expands with new factory

Media -- Evertiq - In early January, Lithuanian electronics manufacturer Teltonika EMS broke ground on a EUR 34 million investment which will result in a new manufacturing factory and create 500 new jobs,

January 24, 2022 03:22 AM

Kitron completes acquisition of BB Electronics

Media -- Evertiq - EMS provider Kitron has completed the acquisition of 100% of Danish electronics manufacturer BB Electronics, which was at the end of 2021.

January 24, 2022 03:18 AM

December 30, 2021

North American EMS industry up 2.5% in November

Media -- Evertiq - Total North American EMS shipments in November 2021 were up 2.5% compared to the same month last year. Compared to the preceding month, November shipments rose 4.0%, says the IPC.

December 30, 2021 07:48 AM

Foxconn reportedly to reopen Chennai plant Monday

Media -- DIGITIMES - EMS provider Foxconn has temporarily shut down a manufacturing plant in Chennai, India amid employee protest against food poisoning at the site and other problems, according to Reuters citing local officials as saying. But Foxconn expects...

December 30, 2021 07:47 AM

Jabil to manufacture IoT wearable for cruise fleet

Media -- Evertiq - EMS provider Jabil has partnered with Carnival Corporation & plc to manufacture and fulfill the Princess Medallion, a wearable containing a blend of communication technologies, at is location in Bajos de Haina, Dominican Republic.

December 30, 2021 07:45 AM

Kitron acquires Danish EMS provider

Media -- Evertiq - EMS provider Kitron announces that it has entered into an agreement to acquire Danish EMS company BB Electronics A/S. The deal will expand Kitrons manufacturing base and add production facilities in Denmark, China and the Czech Republic.

December 30, 2021 07:42 AM

Jabil CEO: "Our momentum continues"

Media -- Evertiq - EMS provider Jabil has reported its preliminary, unaudited financial results for its first quarter of fiscal year 2022 where the company boasts net revenues of USD 8.6 billion, compared with USD 7.8 billion during the same time last year.

December 30, 2021 07:35 AM

Leading EMS Company Syrma SGS Technology files for IPO

Media -- ElectronicsB2B - Syrma SGS Technology, has filed its draft red herring prospectus (DRHP) with market regulator Sebi for initial public offering. As per market sources, the company is looking at a fund raise between INR 1,000-1,200. The EMS company may...

December 30, 2021 07:35 AM

Lacroix acquires US EMS provider Firstronic

Media -- Evertiq - The French electronics manufacturer is looking to reinforce its foothold in the US and German market, and doing so through acquisitions. The company has now signed an agreement for the acquisition of a majority stake in Firstronic.

December 30, 2021 07:35 AM

Evertiq' industry pulse report - Kitron

Media -- Evertiq - "It is in these times everyone realizes who brings value to the table and that no one is strong on their own," Kitron's COO, Kristoffer Asklov says as he looks back at the past years. Kitron has indeed done well over the year, but the battle,...

December 30, 2021 07:26 AM

Foxconn sees November revenue rebound above NT$600 billion

Media -- DIGITIMES - Foxconn (Hon Hai) Technology Group saw its monthly revenues exceed NT$600 billion (US$21.6 billion) for the first time in 11 months.

December 30, 2021 06:16 AM

Evertiq's industry pulse report - KATEK

Media -- Evertiq - German EMS provider KATEK has delivered solid performances throughout 2021. However, that doesn't mean that the company wasn't affected by the pandemic and the semiconductor shortage. As for other companies, there has been challenges; but a...

December 30, 2021 05:55 AM

December 21, 2021

Electronics Manufacturing Evolves to Imagine Industry 4.0

Aspencore -- EBN - The electronics manufacturing world is evolving. Recent years have seen significant changes thanks to the adoption of innovative technologies, which are encouraging manufacturers to re-imagine how products are designed and produced in the smart...

December 21, 2021 06:14 AM

U.S. Manufacturing Grows but Slower

Aspencore -- EBN - U.S. manufacturing has been on a growth track, but that trend is slowing, according to supply chain executives polled in the latest Manufacturing ISM Report on Business. The overall economy has grown for 122nd consecutive month, with economic...

December 21, 2021 06:14 AM

December 14, 2021

North American EMS industry down 4.4% in October

Media -- Evertiq - Total North American EMS shipments in October 2021 were down 4.4% compared to the same month last year. Compared to the preceding month, October shipments fell 0.8%, says the IPC.

December 14, 2021 01:56 AM

German EMS provider expands across the Atlantic

Media -- Evertiq - German EMS provider SERO GmbH, announces that it has signed a purchase agreement to acquire the entire share capital of Syncron EMS LLC based in Palm Bay, Florida, USA on Friday, November 12th, 2021.

December 14, 2021 01:45 AM

December 02, 2021

Foxconn Invests $10m in Autotalks to Accelerate V2X Rollout

Aspencore -- EETimes Europe - Vehicle-to-everything (V2X) communications aim to improve road safety, energy savings, and traffic efficiency. Foxconn Interconnect Technology (FIT), a subsidiary of Foxconn, announced it has invested $10 million (about €8.9 million)...

December 02, 2021 06:42 AM

Key Tronic Corporation Awarded New Contract With One of the World's Leading Power Equipment Companies

Globe Newswire -- Technology - Program expected to have a significant impact on revenue and profit Program expected to have a significant impact on revenue and profit

December 02, 2021 05:09 AM

November 22, 2021

Foxconn's overseas projects to gain momentum in 2022

Media -- DIGITIMES - EMS provider Foxconn Electronics (Hon Hai Precision Industry) will begin to implement several overseas business plans in 2022, according to company chairman Young-way Liu.

November 22, 2021 10:06 PM

November 18, 2021

Kimball Electronics to Participate at the 13th Annual Southwest IDEAS Investor Conference

Business Wire -- Kimball Electronics, Inc. (Nasdaq: KE) today announced the company will be participating at the 13th Annual Southwest IDEAS Investor Conference on Wednesday, November 17, 2021 at the Westin Dallas Downtown in Dallas, TX. Donald D. Charron, Chairman and...

November 18, 2021 11:58 PM

November 14, 2021

Foxconn buys Ohio electric vehicle factory once touted by Donald Trump

Tech -- The Verge - Foxconn has officially agreed to buy the former General Motors plant in Lordstown, Ohio from struggling EV startup Lordstown Motors, giving the iPhone assembler its first automotive factory and a second chance at establishing a manufacturing...

November 14, 2021 07:21 AM

November 11, 2021

Kimball Electronics Announces Retirement of John Kahle, Vice President, General Counsel, Chief Compliance Officer, and Secretary

Business Wire -- Kimball Electronics, Inc. (Nasdaq: KE) today announced that Vice President, General Counsel, Chief Compliance Officer, and Secretary, John H. Kahle will be retiring on December 31, 2021. Mr. Kahle, a long tenured member of the executive team, who has...

November 11, 2021 11:57 PM

Unlocking the Full Value of M2M Communication: The Right Tools, The Right Partnership

Distribution -- TTI MarketEye - Machine-to-Machine communication, or M2M, rapidly delivers pricing and other key insights for electronics manufacturing decision-makers. Even so, just having the tools available is not a guarantee of success...

November 11, 2021 09:50 PM

November 08, 2021

Foxconn chairman Young-Way Liu talks semiconductor, EV trends on US-Taiwan High-Tech Forum

Media -- DIGITIMES - With the continuous advancement of technology, semiconductors and the role they play are becoming increasingly more important across industries and in personal life. Hon Hai (Foxconn) chairman Young-Way Liu talked about new perspectives and...

November 08, 2021 07:10 PM

November 06, 2021

North American EMS industry down 9.9% in September

Media -- Evertiq - Total North American EMS shipments in September 2021 were down 9.9% compared to the same month last year. Compared to the preceding month, September shipments fell 0.8%, says the IPC.

November 06, 2021 03:38 AM

November 04, 2021

Kimball Electronics, Inc. Reports First Quarter Fiscal 2022 Results; Reiterates Guidance for Fiscal Year 2022, Driven by Strong Second Half

Business Wire -- Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the first quarter ended September 30, 2021. Three Months Ended September 30, (Amounts in Thousands, except EPS) 2021 2020 Net Sales $ 292,717 $ 331,749 Operating Income...

November 04, 2021 03:34 AM

November 03, 2021

Key Tronic Corporation Announces Results for the First Quarter of Fiscal Year 2022

Globe Newswire -- Technology - 8% Year-over-Year Revenue Growth, Strong Customer Demand and New Program Wins 8% Year-over-Year Revenue Growth, Strong Customer Demand and New Program Wins

November 03, 2021 05:05 AM

November 01, 2021

HANZA expands in Germany - acquires EMS provider

Media -- Evertiq - Swedish EMS provider HANZA is restarting is expansion in Germany, which was temporarily put on hold during the pandemic, via the acquisition of electronics manufacturer Helmut Beyers GmbH in Monchengladbach, Germany, with approximately 150 employees.

November 01, 2021 05:18 AM

Taiwan September manufacturing production index hits record

Media -- DIGITIMES - Taiwan recorded manufacturing production index (2016 as base year) of 141.01 for September 2021, the highest-ever monthly level, increasesing 2.22% sequentially and 12.78% on year, according to Ministry of Economic Affairs (MOEA).

November 01, 2021 05:17 AM

Kitron's 3Q - Strong demand and material shortages

Media -- Evertiq - "Demand continues to be very strong for both 2021 and 2022 with significant growth opportunities in most market sectors. However, the general material supply situation deteriorated rapidly in the third quarter and continues to be a challenge...

November 01, 2021 03:54 AM

October 31, 2021

Foxconn to promote localized EV production for regional markets

Media -- DIGITIMES - Foxconn Technology (Hon Hai) is well prepared to leverage its software and semiconductor prowess to turn out more EVs with high performance and intelligence in 2022/2023, and will move to promote localized production in different regions to...

October 31, 2021 05:31 AM

NOTE's CFO to retire

Media -- Evertiq - Swedish EMS provider NOTE, announces that current CFO Henrik Nygren has decided to retire and will leave the company in connection with the 2022 Annual General Meeting. Henrik Nygren has worked at NOTE since 2006.

October 31, 2021 05:29 AM

October 30, 2021

How EMS KATEK Practices Sourcing Agility

Aspencore -- EPS News - Electronics manufacturing services (EMS) companies, like most manufacturers, are trying to manage though a severe component shortage that's expected to last well into next year. One European EMS provider, KATEK Group, has implemented several...

October 30, 2021 02:00 AM

October 29, 2021

Key Tronic Corporation Announces First Quarter Reporting Date

Globe Newswire -- Key Tronic Corporation (Nasdaq: KTCC), announced today that it plans to report its results for the first quarter of fiscal 2022 after market close on November 2, 2021.

October 29, 2021 07:48 PM

October 28, 2021

Foxconn unveils latest EV development achievements at HHTD21

Media -- DIGITIMES - Three new EV models, developed by Foxconn Technology under its MIH open platform over the past year, as well as related software and hardware solutions take center stage at the Hon Hai Tech Day 2021 (HHTD21) that opens today, highlighting...

October 28, 2021 06:30 PM

October 19, 2021

Benchmark Announces Appointment Of Ramesh Gopalakrishnan To The Board Of Directors And Announces The Retirement Of Board Member Bruce Carlson

PR Newswire -- Benchmark Electronics, Inc. (NYSE: BHE) today announced the appointment of Ramesh Gopalakrishnan as an independent director to the Company's Board of Directors, effective October 11, 2021. Benchmark also announced today the retirement of Bruce...

October 19, 2021 02:48 AM

October 18, 2021

Jabil Optics Wins Best of Sensor Award 2021

Business Wire -- Jabil Inc. (NYSE: JBL) is pleased to announce that their innovative omnidirectional sensor won the Best of Sensors 2021 award in the Optical & Cameras category. The award highlights cutting-edge advancements and achievements that are moving the sensors...

October 18, 2021 03:04 AM

October 17, 2021

CalcuQuote adds NAC Semi to its quoting system for EMS providers

Media -- eBOM - Users of the CalcuQuote system for electronics contract manufacturers will have more sourcing options with the addition of NAC Semi inventory.

"NAC Semi is pleased that we found CalcuQuote. We were introduced to them by one of our EMS customers....

October 17, 2021 06:13 AM

Foxconn enters US EV market after announcing acquisition of Lordstown's factory

Media -- DIGITIMES - Granted access to the local EV market in the US by acquiring Lordstown Motors' Ohio factory, Foxconn will be producing Lordstown's Endurance electric truck and will be able to provide manufacturing services to other clients such as Fisker.

October 17, 2021 06:09 AM

October 11, 2021

Creation Technologies completes its acquisition of IEC

Media -- Evertiq - EMS provider Creation Technologies has completed its acquisition of IEC Electronics Corp. and with that Creation Technologies has added three additional manufacturing locations to its network.

October 11, 2021 10:08 PM

CalcuQuote Adds NAC Semi to Quoting System for EMS

Media -- ELE Times - CalcuQuote customers will benefit from the inclusion of NAC Semi, a global electronic component design service and distributor, into the CalcuQuote ecosystem designed for electronics contract manufacturers.

"NAC Semi is pleased that we found...

October 11, 2021 06:29 PM

October 09, 2021

Taiwan's Foxconn Has Deal to Buy Former GM Plant in Ohio

U.S. News -- Foxconn Technology Group has struck a deal to buy a massive auto assembly plant in Ohio from a startup electric truck maker.

October 09, 2021 06:09 AM

Lordstown Motors reportedly selling former GM factory to Foxconn

Tech -- The Verge - Struggling EV startup Lordstown Motors is nearing a sale of its Ohio factory to Taiwanese iPhone assembler Foxconn, which has its own electric vehicle ambitions, Bloomberg reports. The deal could be announced as soon as Thursday evening.


October 09, 2021 04:01 AM

October 04, 2021

October 03, 2021

Foxconn teams for graphene fast charging battery

Media -- eeNews Europe - Foxconn is working with Appear Inc on production of a fast charging graphene battery technology for consumer electronics and electric vehicles.Contract manufacturing giant Foxconn has signed a deal to make a fast charging graphene-based...

October 03, 2021 08:26 PM

October 02, 2021

September 26, 2021

North American EMS Industry Down 3.2% in August

Aspencore -- EPS News - IPC announced the August 2021 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.48.

Total North American EMS shipments in August 2021 were down 3.2 percent compared...

September 26, 2021 03:44 AM

September 25, 2021

Sanmina strengthens its optical, RF and microelectronics capabilities

Media -- Evertiq - Sanmina says it is strengthening its focus on its optical, radio frequency (RF) and microelectronics (microE) design and manufacturing capabilities to capitalise on growing demand for highly-integrated technology products with the formation...

September 25, 2021 07:26 PM

Motor makers under pressure from Foxconn-Nidec cooperation

Media -- DIGITIMES - Foxconn Electronics (Hon Hai) and Japan-based Nidec will set up a joint venture specifically for developing, producing and marketing motor-based power trains for use in electric vehicles (EVs), and this will bring competitive pressure on Taiwan-based...

September 25, 2021 07:10 PM