Plexus Announces Fiscal First Quarter Financial Results
NEENAH, WI, (GLOBE NEWSWIRE) — Plexus Corp. (NASDAQ: PLXS) today announced financial results for our fiscal first quarter ended December 28, 2024, and guidance for our fiscal second quarter ending March 29, 2025. Reports fiscal first quarter 2025 revenue of $976 million, GAAP operating margin of 4.8% and GAAP diluted EPS of $1.34. Reports fiscal […]
Samsung, LG may move some home-appliance manufacturing from Mexico to US, reports Reuters
SEOUL (Reuters) – South Korea’s Samsung Electronics (005930.KS), and LG Electronics (066570.KS), are considering moving some manufacturing of home appliances from their Mexican plants to their U.S. plants, a South Korean newspaper reported on Tuesday. The review comes as U.S. President Donald Trump said he was considering imposing 25% duties on imports from Canada and Mexico on Feb. 1. […]
Fuji America and Cybord Form Strategic Partnership to Deliver Visual AI-Powered Technology to SMT Production Lines Across the Americas
Reinforcing Fuji America’s commitment to industry leading solutions, this partnership will utilize Cybord’s unique technology to usher in a new era of quality in electronic manufacturing Wilmington, Delaware and Vernon Hills, IL – Fuji America Corporation, a global leader in surface mount technology (SMT) equipment, has partnered with Cybord, a provider of advanced AI-powered component […]
AI Spending in the Middle East, Türkiye, and Africa Set to Soar as Region Commits to an AI-Fueled Digital Future
Dubai – Spending on AI in the Middle East, Türkiye, and Africa (META) totaled $4.5 billion in 2024 and is projected to surge to $14.6 billion by 2028, representing a compound annual growth rate (CAGR) of 34%.That’s according to the latest insights from International Data Corporation (IDC), with the global technology research and consulting firm attributing […]
Initial Assessment Shows Minimal Impact on Taiwan’s Tainan Wafer Fabs from Jan 21st Earthquake, but Tightness in the TV Panel Supply May Worsen in 1Q25, Says TrendForce
A magnitude 6.4 earthquake struck southern Taiwan, with its epicenter in Chiayi, at 12:17 AM on January 21, 2025. TrendForce’s preliminary assessment found that nearby wafer fabs had not suffered significant damage. TSMC and UMC’s Tainan fabs, which experienced seismic intensity levels above 4, initiated immediate personnel evacuation and equipment shutdowns for inspections. While no […]