Electronics Industry Continues to Show Resiliency Despite Rising Labor Costs and Recruiting Difficulties
According to IPC’s January Sentiment of the Global Electronics Manufacturing Supply Chain report, 75 percent of electronics manufacturers are experiencing rising material costs, while 74 percent indicate that labor costs are on the rise. At the same time, profit margins, inventory from suppliers and ease of recruitment are presently declining, though ease of recruitment is rising […]
Future Electronics Head Steps Down, Formal Leadership Announced
Miller to focus on health and address allegations raised in CBC program. Pointe Claire, Quebec, Canada- Future Electronics announced that – despite not being involved in the day to day operations for a number of years – Chairman, President and CEO Robert G. Miller will permanently step down to focus on his very serious health […]
Kimball Electronics Reports Q2 Results With Record Sales and Expanding Operating Margin; Company Raises Outlook for Top-line Growth in Fiscal Year 2023
Net sales in the second quarter of fiscal 2023 totaled $436.7 million, an all-time quarterly high and up 39% year-over-year; foreign currency had a 5% unfavorable impact on net sales compared to the second quarter of fiscal 2022 Operating income of $17.5 million, or 4.0% of net sales, compared to operating income of $6.9 million, […]
The U.S. Congressional China-EV showdown
The U.S. electric car market and its reliance on China is heading for a collision with Congress. SOURCE: Axios Why it matters: Lawmakers are setting their sights on the auto industry’s global supply relationships as bipartisan support emerges to deal with the dirtier sides of “clean energy.” Driving the news: House Republicans and Senate Democrats launched probes […]
SMTA Announces Call for Participation at 2023 Conferences
MINNEAPOLIS, Minn. — The SMTA announced that abstracts are now being accepted for several technical conferences and symposia currently scheduled for 2023. The following events are all currently soliciting abstracts for participation: High Reliability: Strategic Technology Advancement Research (STAR) Forum April 18, 2023 | Kansas City, MO, USA Electronics in Harsh Environments Conference May 23 – […]