Phillips Industries Announces Plans to Move Manufacturing to Mexico in 2023
ORLANDO, Fla. — Phillips Industries by the end of 2023 will move its manufacturing base from China to North America with the launch of full-time operations near Monterrey, Mexico, the company announced. “China has been really good for us for a long time, but China is no longer good for us,” CEO Rob Phillips said […]
MacroFab secures $42M funding as US OEMs ramp up nearshoring and reshoring of electronics production
Electronics manufacturing firm, MacroFab, announces a successful funding round of 42 Million USD as part of its expansion plan into the United States and Mexico. MacroFab, a venture-funded electronics manufacturing platform, has successfully raised $42 million in funding to expand its services in the US and Mexico. The funding round was led by Foundry Group, […]
Venture Corporation Restructures Main Business Groupings
SINGAPORE – When Venture Corporation was formed in 1989 as an electronic services provider, its mission was to constantly innovate, transform and evolve to scale new frontiers and become a key player in technology domains, both existing and new. True to its mission, the Company evolved steadily over three decades to become the Venture Group, […]
The Convergence of Health and Technology: Exploring the High-Tech Realm of Portable Medical Devices
The global portable medical devices market is projected to expand at a CAGR of 10.7% during the forecast period. The market is estimated to generate market revenue of US$ 163.84 billion by 2033, increasing from US$ 59.28 billion in 2023. With the ever-changing landscape of portable gadgets, wireless networking, and small product designs are no […]
Unlocking the Potential of Digital Twin in Electronics Manufacturing
Digital twin is a powerful tool to improve the efficiencies of processes by enabling analysis of a virtual version of a real electronics manufacturing line. Pedro Oliveira of Critical Manufacturing explains how it works.