SANTA ANA, CA — TTM Technologies has announced that sales for the third quarter totaled $671.1 million, a 20% increase from the $556.8 million in sales in the third quarter of 2021.
The reported revenue includes a full quarter’s contribution from the company's acquisition of Telephonics, which closed at the end of the second quarter.Read more ...
LEOBEN, AUSTRIA — AT&S reported that it saw record revenues of €1.07 billion (US$1.05 billion) in the first half of its financial year, an increase of 50% from the previous year's EUR 698 million. The company said the positive development was primarily driven by the additional capacity for ABF substrates in Chongqing, China.
After the good development in the first half of the year, AT&S expects the market environment to deteriorate in the second half of the year and now anticipates revenue in the mid-single-digit percentage range below the previous projection of EUR 2.2 billion.
“We monitor the different developments in our target markets very closely and are preparing to manage volatilities and limited visibility, as we did in comparable situations in the past. Among other things, we are preparing for different scenarios regarding our cost position and our investment projects,” said CEO Andreas Gerstenmayer. “In general, we are convinced that the major digitalisation and electrification trends are still intact. Depending on the further development of the overall environment, delays may occur."
WILMINGTON, DE — DuPont has announced that it is terminating a $5.2 billion buyout of Rogers Corp after the two companies were unable to obtain timely clearance from all the required regulators.
The two companies previously agreed to the buyout last November, with DuPont paying $277 a share. DuPont said in September that it had received all regulatory approvals except from China, and the company had withdrawn and refiled the notice of the parties’ planned merger with the State Administration for Market Regulation of China.
In a statement, Rogers Corporation said the company is currently evaluating all options to determine the best path forward in response to DuPont’s notice.
“Rogers remains an exceptional company, and the team continues to execute on our successful growth strategy. Our strong competitive position innovating across fast-growing markets, including EV/HEV, is underscored by continuing design wins, broad customer enthusiasm and a robust pipeline of opportunities,” the statement said.
TORONTO — Firan Technology Group has announced that it reached a new four-year contract with its represented employees at its Circuits – Toronto facility.