Cyient DLM Expands Global Footprint with Strategic Acquisition of US-Based EMS Manufacturer
Hyderabad: Cyient DLM, a leading integrated electronics manufacturing company, announced today its acquisition of Altek Electronics, a prominent EMS (Electronic Manufacturing Services) company based in the United States. This strategic move marks a significant milestone in Cyient DLM’s growth plan, expanding its presence in the North American market and strengthening its capabilities across key sectors. […]
Smart Home Market on Track for Rebound Thanks to Emerging Regions, According to IDC
NEEDHAM, Mass.– Global shipments of smart home devices are set to stall once again in 2024 as volume remains flat with 0.6% growth to 892.3 million devices, according to the International Data Corporation (IDC) Worldwide Quarterly Smart Home Device Tracker. High penetration and long refresh cycles in mature markets such as the US have curbed growth […]
Foxconn Reports Unaudited Consolidated Revenue for September 2024
The Company reported unaudited consolidated revenue of NT$733.0 billion for September 2024, representing an increase of 33.69% MoM and 10.94% YoY, reaching the second highest figure for the same period on record (September 2022 ranked the highest with NT$822.3 billion). Revenue in the third quarter of 2024 was NT$1,853.7 billion, up by 19.46% QoQ and […]
EU to Impose Tariffs Up to 45% on Chinese Electric Vehicles
(Bloomberg) — The European Union voted on Friday to impose tariffs as high as 45% on electric vehicles from China, threatening a broader trade conflict with Beijing which has already vowed to protect its companies. Shares in European automakers rose after the vote. The European Commission, the bloc’s executive arm, can now proceed with implementing […]
Up Close with Michael Mitchell, Director of Quality, White Horse Laboratories
EMSNOW catches up with Michael ‘Mitch’ Mitchell, White Horse Laboratories’ new Director of Quality, a new role within this growth-focused global testing company. Mitch came to White Horse from the customer side, with a deep background in aerospace and aviation. He describes his experience during Covid doing lifetime buys of key components and then having […]