Business
UK SMT Market Is Booming
Blakell Europlacer Ltd announces that its UK distribution division has reported record figures for the first quarter of 2012 with sales exceeding £2.25 million; this includes an unprecedented 11 Europlacer iineo machines.
Visiopharm and Hamamatsu Announce Worldwide OEM Agreement and Reseller Partnership for Quantitative Digital Pathology
Visiopharm and Hamamatsu today announced a non-exclusive worldwide original equipment manufacturer (OEM) agreement and reseller partnership for Visiopharm's Quantitative Digital Pathology (QDP) solutions. Under the partnership, Visiopharm will be an OEM for Hamamatsu's new NDP.analyze software, a research tool for tissue image analysis, which is fully compatible with Visiopharm's entire suite of QDP solutions.
MindTree’s revenue grows 21.7% in USD terms in FY 2011-12. PAT increases significantly by 106.2%
MindTree, has announced its consolidated results for the fourth quarter ended 31 March 2012 and Financial Year (FY) 2011-12 as approved by its Board of Directors.
Micron Announces Pricing of Convertible Senior Notes Offerings
Micron Technology, Inc. today announced the pricing of an offering of $480.0 million aggregate principal amount of its 2.375% convertible senior notes due 2032 (the 2032C Notes) and $390.0 million aggregate principal amount of its 3.125% convertible senior notes due 2032 (the 2032D Notes and, together with the 2032C Notes, the Notes). The Notes are being offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act).
ITT Interconnect Solutions invests in new European 38999 connector assembly facility
ITT Interconnect Solutions has announced a major investment at its Basingstoke, UK facility which will enable the leading global connector manufacturer and supplier to deliver assembled MIL-DTL-38999 connectors with market-competitive lead times and pricing. The company sees this move as part of a wider initiative to support the military and aerospace market, and has recently redesigned its QPL-approved MIL-DTL-38999 product line-up to simplify manufacturing and reduce costs.
TestWorks Secures AWS Electronics Group Investment in MIRTEC Europe’s AOI Systems
MIRTEC is pleased to announce that its UK distributor, TestWorks, has been paramount in negotiating the sale of three Mirtec AOI Systems to the AWS Electronics Group. AWS has a solid reputation in the industry for the quality and reliability of its products, confirmed in the last 12 months with approvals from NADCAP for its process capability
Ohmite Manufacturing announces Wakefield Solutions acquisition
Resistor manufacturer Ohmite, has announced that its corporate parent, Heico Company LLC, has acquired Wakefield Solutions, a designer and manufacturer of thermal management solutions and aluminum extrusions. Much of Ohmite's recent product range extension has involved a series of innovative heatsinks which uses clips instead of screws to improve thermal management and component placement.
Broadcom Completes Acquisition of BroadLight
Broadcom Corporation today announced it has completed its acquisition of BroadLight, Inc., The addition of BroadLight extends Broadcom's industry leading broadband access product line, enabling Broadcom to offer a complete, end-to-end GPON (Gigabit Passive Optical Network) solution for customers — from the optical line terminal (OLT) at the central office to the optical network unit (ONU) at the home.
Eurotech: €1.2M order for Aurora HPC from German Research Centre Jülich
Eurotech announces that it has received a 1.2 million euro order from Forschungszentrum Jülich, one of the largest research centres in Europe, for supply of a HPC (High Performance Computing) system of the Aurora family. Delivery is scheduled to take place within this year.
NXP Semiconductors Acquires the Catena Group
NXP Semiconductors N.V. announced today that it has signed a definitive agreement to acquire the Dutch electronic design and IP company Catena Group. NXP has a long-standing relationship with Catena, and this acquisition will enable NXP to continue to innovate and further strengthen its leadership in the automotive analog mixed signal solutions business and in wireless car connectivity.
The Paragon Electronics Group Reports Strong Growth for 2011
The Paragon Electronics Group has reported growth of 18% for 2011, with particularly dramatic growth of 30% for its EMS business, JJS Electronics. The company attributes this growth to the breadth of its supply chain management and electronics manufacturing services, coupled with the depth of its capabilities across electronics, electrical and mechanical disciplines and synergies between business units within the group. In addition, a diverse customer base operating in many market segments is also cited as a key factor.
Broadcom Announces Conference Call to Review First Quarter 2012 Financial Results
Broadcom Corporation will conduct a conference call with analysts and investors following the release of its first quarter 2012 financial results on Tuesday, May 1, 2012 at 1:45 p.m. Pacific Time; 4:45 p.m. Eastern Time. The conference call, which will include information regarding current and future products and technologies, end market trends, and the company's current financial prospects, will be conducted by Scott McGregor, Broadcom's President and Chief Executive Officer, and Eric Brandt, Broadcom's Executive Vice President and Chief Financial Officer.
Fujitsu Converts Fujitsu Toshiba Mobile Communications into a Wholly Owned Subsidiary
Fujitsu Limited and Toshiba Corporation today announced that, as of April 1, 2012, Fujitsu has acquired Toshiba's ownership stake in Fujitsu Toshiba Mobile Communications Limited, which develops and sells mobile phones for KDDI and other carriers. As a result, Fujitsu Toshiba Mobile Communications has been converted into a wholly owned subsidiary of Fujitsu.
Analog Devices aquires Multigig for high-speed clocking technology
Analog Devices, Inc. has announced that it has acquired Multigig, Inc., a small, privately-held San Jose, California, company specialising in highly innovative high-performance clocking technology. The acquisition will enhance ADI's clocking capabilities in stand-alone and embedded applications, and will strengthen ADI's industry-leading position in delivering high-speed data converters and signal processing solutions for our customers
AWR Signs Reseller Agreement with Modelithics
AWR Corporation have signed a global reseller agreement for AWR to sell and support Modelithics' model libraries. The combined product offerings of Modelithics CLR and COMPLETE (CLR, NLT, NLT, and SLC) libraries alongside AWR's Microwave Office software gives microwave designers immediate access to high-fidelity parameterized models that better predict real-world behavior when simulated within the AWR design environment.
Express Logic Celebrates 15th Anniversary with 1.25 Billion ThreadX Deployments
Express Logic, Inc. celebrates 15 years of successful RTOS business with record product license sales and more than 1.25 billion ThreadX-based product deployments. Led by Broadcom's and Marvell's use of ThreadX in wireless networking SoCs, and HP's use of ThreadX in its market-leading line of inkjet and all-in-one printers, ThreadX consistently ranks among the most widely deployed operating systems for mobile and embedded devices.
Broadcom Extends Fiber Access Portfolio with Acquisition of BroadLight
Broadcom Corporation today announced it has signed a definitive agreement to acquire BroadLight, Inc., a Delaware corporation with an Israel-based subsidiary. BroadLight is a privately held provider of highly integrated networking and fiber access PON (Passive Optical Network) processors. With the addition of BroadLight, Broadcom expands its broadband access portfolio to support customer requirements for rolling out next-generation fiber networks worldwide.
Kontron AG announces further revenue record in 2011 and stable 2012 outlook
Kontron AG achieved new revenue record of EUR 589.6 million in the 2011 financial year, reflecting 15.7 % growth. Operating earnings (EBIT) also registered a very positive trend, rising from EUR -5.8 million in the previous year to EUR 34.1 million in 2011. Earnings per share increased to EUR 0.39 (2010: EUR -0.24). The Management and Supervisory boards will propose to the Shareholders' General Meeting to be held in June 2012 that it approves the payment of a EUR 0.20 per share dividend.
Cypress Updates First-Quarter 2012 Guidance
"We have recently seen some order decreases, mostly in certain wire line and handset customers. In addition we are seeing weaker than expected revenues from our distribution channel, mainly due to lower turns business in Europe and Asia. These factors are resulting in a negative impact to our previously expected Q1 2012 revenue," stated Brad Buss, Executive Vice President of Finance and CFO.
Europlacer is Delighted to Announce That UK Market is Alive and Kicking!
Blakell Europlacer Ltd announces that its first quarter UK sales have comfortably exceeded £1.25 million. As a long established and widely respected UK manufacturer and supplier of highly flexible surface mount pick and place machines and stencil printers, Blakell Europlacer, like many others, has witnessed the 'ups and downs' of the UK market.
Micrel Expands Clock and Timing Solutions with Acquisition of PhaseLink
Micrel, Inc. today announced it has signed a definitive agreement to acquire a controlling interest in PhaseLink Company Limited, a private company based in Taiwan and Silicon Valley. The acquisition is intended to complement Micrel's high performance clock generation and distribution products for the communication market, as well as expand its offerings into the consumer and industrial markets.
Summit Microelectronics Announces Record Revenues and Profit
Summit Microelectronics today announced that it achieved record revenues and profits for the fourth quarter and full year of 2011. Summit had an outstanding year," said Patrick Brockett, Summit's president and CEO. Our record year was topped off with fourth quarter 2011 revenues more than doubling from fourth quarter 2010. Our design-win momentum continues to accelerate, and we are confident that the company will set new highs in financial performance in 2012.
Molex and TE Connectivity Announce High-Speed Interconnect Second Source Agreements
Molex Incorporated and TE Connectivity Ltd. have announced second source agreements under which TE Connectivity will have the right to manufacture, market and sell worldwide several Molex high-speed interconnect solutions including the z-Quad Small Form-factor Pluggable Plus (zQSFP+) and the Small Form-Factor Pluggable Plus (zSFP+), among others. Molex will have the right to manufacture, market and sell worldwide TE Connectivity's Quadra High-Speed I/O Connector.
ADLINK Technology and LiPPERT Embedded Computers Anticipate Majority Position in Modular Computing Market
ADLINK Technology is combining with recently acquired LiPPERT Embedded Computers GmbH to become the foremost provider of modular computing products and lead the accelerating growth of the modular computing market. According to market intelligence provider VDC Research, the worldwide market for computer-on-modules (COM) alone is expected to grow to approximately US$883MM by 2015.*
StarChip Opens New Office in Shanghai, China
StarChip announced today that it is opening a new office in Shanghai China. The first part of a multi-phase plan to expand its operation and sales to China
Molex Strengthens its Commitment to the Medical Industry with Several Strategic Business Developments
Molex Incorporated has initiated several strategic business developments to further demonstrate its commitment to developing innovative interconnect technologies for next-generation healthcare devices. Molex has been delivering proven solutions to medical device manufacturers since 2005, and recently formed the new Medical Connector and Cable Assembly Business Unit to directly address the increasing demand for advanced interconnect products in this market.
IPC elects new officers/members to board of Directors
The Nominating and Governance Committee of the IPC Board of Directors presented nine candidates for election at the IPC Annual Meeting on Tuesday, February 28, 2012, in conjunction with IPC APEX EXPO at the San Diego Convention Center. Three candidates were elected as board officers and will serve two-year terms beginning February 2012. Six candidates were elected as board directors and will serve four-year terms beginning February 2012.
Intel, Micron Update NAND Flash Memory Joint Venture
Intel Corporation and Micron Technology, Inc. today announced that the companies have entered into agreements to expand their NAND Flash memory joint venture relationship. The agreements, which are designed to improve the flexibility and efficiency of the joint venture, include a NAND Flash supply agreement for Micron to supply NAND products to Intel and agreements for certain joint venture assets to be sold to Micron.
MIRTEC Europe Reports Remarkable 33% Growth in 2011
MIRTEC Europe is pleased to announce that it has witnessed a 33 percent growth in sales revenue in 2011. Mirtec invests heavily in Research and Development, persistently focused on using state-of-the-art optics, lighting, 3D and laser technology to develop the industry's most technologically advanced inspection solutions.
Count On Tools Continues Expanding Its Georgia Headquarters
Count On Tools Inc announces another expansion of its manufacturing operations at its Gainesville, GA headquarters. The recent expansion is in response to the growing market for SMT nozzles and consumables as well as the increased demand for its precision contract machining services.
Synopsys Completes Acquisition of Magma Design Automation
Synopsys, Inc. has completed its acquisition of Magma Design Automation Inc. The combination of Synopsys and Magma will enable the company to more rapidly meet the needs of leading-edge semiconductor designers for ever more sophisticated design tools.
Synopsys Posts Financial Results for First Quarter Fiscal Year 2012
Synopsys, Inc. today reported results for its first quarter of fiscal year 2012. For the first quarter of fiscal year 2012, Synopsys reported revenue of $425.5 million, compared to $364.6 million for the first quarter of fiscal 2011, an increase of 16.7 percent.
CUI Inc’s Parent Company, CUI Global, Announces it’s Up Listing to the NASDAQ Capital Market
CUI Inc's parent company, CUI Global, Inc. announced that the company is now listed and trading on the NASDAQ Capital Market. In conjunction with that listing, the company has completed a $10,000,000 equity raise with the assistance of its US Investment Banker, Merriman Capital, Inc. and its London advisor, Prosdocimi Ltd.
Broadcom Completes Acquisition of NetLogic Microsystems, Inc.
Broadcom Corporation today announced it has completed its $3.7 billion acquisition of NetLogic Microsystems, Inc. The combination enables Broadcom to deliver best-in-class, seamlessly integrated network infrastructure platforms to its customers, reducing both time-to-market and development costs.
SPI and ESCATEC announce the merger of their high precision manufacturing operations in Shanghai to form a joint venture company
Swiss Precision Industries announces the formation of a joint venture company with ESCATEC that will combine SPI's precision stamping and die making facility in Shanghai, China with ESCATEC's injection moulding and mould making facility located nearby. The new company, Swiss Precision Component Manufacturing, in which SPI is the lead partner and majority shareholder, will merge the staff, equipment and expertise of both organisations to create a more diverse range of capabilities that can be offered to the customers of both organisations and the market at large, providing the cost savings and efficiency benefits of a larger scale operation.
Pickering Interfaces on Course for Expansion
Pickering Interfaces GmbH has reorganised its sales region for Eastern Europe. The sales office, located in Třinec/CZ, which supported the Czech Republic, the Slovak Republic and Poland, will expand its sales region to support Romania, Hungary, the Republic of Slovenia, Bosnia and Herzegovina and the Republic of Serbia.
Black Sand technologies closes $10m series C funding
Black Sand Technologies, Inc today announced that it has received US$10 million in third-round (series C) funding, as it ramps volume production of its range of silicon power amplifiers for use in 3G phones, tablets and datacards. The latest funding round was led by existing investors Northbridge Venture Partners and Austin Ventures.
Forte Design Systems Reports 30 Percent Year-Over-Year Growth
Forte Design Systems today reported 30% year-over-year growth in its business in 2011. Growth was driven primarily by sales of the latest version of Cynthesizer™ SystemC high-level synthesis. "2011 was a pivotal year for Forte and one that set the stage for breakout adoption worldwide," remarks Sean Dart, Forte's president and chief executive officer.
Belden plans further growth for connectors and connectivity systems
In 2011 Belden expects to see a growth in worldwide connectivity sales of almost 10%. Dr. Hubert Ermer, Managing Director of Industrial Connecting Solutions business is convinced: "Provided the economic situation is not seriously affected by current turbulence in the international financial markets, we also expect to maintain this successful trend over the coming years."
ESCATEC invests 2.5 million dollars in its contract manufacturing facility in Johor Bahru, Malaysia
ESCATEC has just completed a 2.5 million dollar (8 million ringgit) upgrade program at its contract manufacturing facility in Johor Bahru, Malaysia. This complete refurbishment of the factory included new electronic assembly machines and new plastic moulding machines with robotic load/unload systems. In addition, the layout has been re-organised as part of ESCATEC's Lean Project to improve throughput and operational efficiency.
