Summit Interconnect Acquires Royal Circuit Solutions and Affiliates

The combination solidifies Summit’s position as one of the largest privately owned printed circuit board (PCB) manufacturers in North America with a  footprint that will now encompass eight manufacturing facilities. The acquisition significantly broadens the scope of Summit’s product offering while expanding the company’s business portfolio of key customers and end-markets. Summit Interconnect is pleased […]

IDC’s Future Consumer Research Identifies 10 Key Tech Trends Driving the Transformation of Consumer Behavior and Markets

NEEDHAM, Mass.– As digital transformation takes root across the consumer ecosystem, businesses must expand and deepen their relationships with consumers to better understand their wants, needs, and aspirations. With its expanded Future Consumer research, International Data Corporation (IDC) is helping businesses – whether they serve consumers directly or indirectly – better align their products, services, […]

Semiconductor Industry R&D Spending To Rise 9% After Hitting Record in 2021

New update shows Intel continues to lead research and development ranking, the top 10 raised spending 18% last year, and 21 companies invested $1 billion or more on R&D in 2021. Research and development spending by semiconductor companies worldwide is forecast to grow 9% in 2022 to $80.5 billion after climbing by an above average […]

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

Strong Customer Demand for North American Production and New Program Wins SPOKANE VALLEY, Wash.– Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended April 2, 2022. For the third quarter of fiscal year 2022, Keytronic reported total revenue of $138.4 million, up 3% from $134.6 million in […]