Cicor closes the acquisition of Phoenix Mecano Digital Elektronik and Phoenix Mecano Digital Tunisie
Bronschhofen – Cicor Group (SIX Swiss Exchange: CICN) announces today that the acquisition of 100% of the shares of Phoenix Mecano Digital Elektronik GmbH (PMDE) with two sites in Thuringia (Germany) and Phoenix Mecano Digital Tunisie S.a.r.l. with a site located in Borj-Cedria (Tunisia), as announced on November 15, 2022, has been closed. The sites acquired […]
Foundry Revenue Is Forecasted to Drop by 4% YoY for 2023 Due to Slow Inventory Consumption and Falling Wafer Input from Customers, Says TrendForce
TrendForce’s recent analysis of the foundry market reveals that demand continues to slide for all types of mature and advanced nodes. The major IC design houses have cut wafer input for 1Q23 and will likely scale back further for 2Q23. Currently, foundries are expected to maintain a lower-than-ideal level of capacity utilization rate in the […]
Chinese New Year 2023 Factory Shut Downs
SOURCE: Titoma Blog There’ll be a China factory shutdown in 2023, but; it’s the same shutdown that happens every year. The Chinese New Year (CNY) holiday 2023 on the calendar lasts only 7 days, but the disruption it causes in manufacturing can be up to 40 days. CNY in China 2023 will be from January […]