Fab News

MILPITAS, CA – Jonathan Davis, global vice president of industry advocacy at SEMI, testified before a US interagency panel this week against $16 billion in additional tariffs on Chinese goods. This comes two months after he opposed $34 billion in US trade tariffs in front of the same panel on behalf of SEMI.

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JIANGSU, CHINA – Ventec International has elected Jason Chung as CEO, effective immediately.

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XIAMEN, CHINA -- Compass Technology will relocate its headquarters here, according to published reports.

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SAN JOSE, CA – Sanmina reported fiscal third quarter revenue was $1.81 billion, up 5.8% year-over-year and 7.7% sequentially.

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PETACH-TIKVA, ISRAEL – On Jul. 24, Eltek received a notice from Nasdaq advising the fabricator is not in compliance with the exchange’s requirements after the resignation of Lian Goldstein, an independent director.

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HONG KONG – Suzhou Dongshan Precision Manufacturing has completed its acquisition of Multek for $270 million, net of cash.

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