Joint Venture Supports “Make in India” initiative for State-of-the-Art Electronics Hardware

SAN JOSE, Calif. and MUMBAI, India — Sanmina Corporation (Sanmina) (NASDAQ: SANM), a leading integrated manufacturing solutions company and Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), India’s largest private sector company, today announced they have completed the previously announced joint venture transaction. This partnership will leverage Sanmina’s 40 years […]

Merger of GPV and Enics is Completed

GPV and Enics create strong international electronics group with 7,500 employees The merger of GPV, Denmark’s largest electronics manufacturer, and Swiss-headquartered Enics was completed on 3 October 2022. The two companies will now merge into one new company with more than 7,500 employees and revenue of more than DKK 7 billion. Danish industrial conglomerate Schouw […]

Apple’s tech supply chain shows difficulties in cutting dependence on China, Reports Bloomberg Intelligence

SOURCE: Business Standard American companies have had a growing list of reasons to downgrade their ties with China in recent years. Former President Donald Trump’s tariffs. Beijing’s stringent Covid lockdowns. The US-Sino standoff over Taiwan. Political pressure to “friend-shore” supply chains toward nations aligned with Washington. But breaking up, as the adage goes, is hard to do. That conclusion […]

Global Semiconductor Sales Increase 0.1% Year-to-Year in August, Reports SIA

Worldwide chip sales decrease 3.4% month-to-month WASHINGTON—The Semiconductor Industry Association (SIA) today announced global semiconductor industry sales were $47.4 billion during the month of August 2022, a slight increase of 0.1% over the August 2021 total of $47.3 billion but a decrease of 3.4% compared to the July 2022 total of $49.0 billion. Monthly sales […]