TAIWAN – Hon Hai Group (Foxconn) reported record sales of $8.18 billion for September on demand for consumer electronics such as iPads, iPhones and game consoles.
The firm’s sales were up 18% sequentially and a staggering 69.6% year-over-year.
Sales for the first nine months of 2010 reached $52 billion, up 63% compared to the same period last year.
Forecasts predict Hon Hai will become the first Taiwan-based conglomerate to reach $65 billion in annual sales by the end of the year.
Consumer electronics reportedly remains the strongest product line, with PCs second and communications third.
Hon Hai is the only contract maker of Apple’s iPad.
VIENNA – The World Intellectual Property Organization has issued AT&S a pair of patents related to printed circuits. Read more ...
BRUSSELS -- While the rest of the world begins to roll out their own versions of the RoHS directive, the EU is backtracking on a list of proposed additions.
Read more ...ST. PAUL, MN – 3M has invested an undisclosed sum in Printechnologics, a printed electronics specialist based in Germany.
The joint venture aims at providing solutions for electronics circuits on paper or foil.
Printechnologics develops custom alterations to conventional printing methods.
TAIPEI -- Nanya Printed Circuit Board reported sales rose 1.2% sequentially to NT$9.15 billion for the quarter ended Sept. 30.
TORONTO -- Firan Technology Group swung to a third-quarter net profit of $138,000, erasing much of the $265,000 loss from a year ago.