Fab News

AUSTIN, TX – Flex announced $26.4 billion in net sales for its fiscal year, a year-over-year decrease of 7.4%.

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FREUDENSTADT, GERMANY – Schmid Group has announced the completion of a business combination with Pegasus Digital Mobility Acquisition Corp. that will allow Schmid to be listed on the Nasdaq Stock Exchange.

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MIAMI – Element Solutions reported first quarter sales of $349.2 million for its Electronics segment, an increase of 3% from the first quarter of 2023.

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SHENZHEN – Kinwong Electronic saw revenue of CNY10.8 billion in 2023 ($1.49 billion), up 2.3% from 2022.

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SAN JOSE, CA – Sanmina reported revenue of $1.83 billion for the second quarter of its fiscal year, a decrease of 21.1 % from the same quarter in 2023.

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SHENZHEN -- Avary Holding, the listed Chinese arm of Zhen Ding Technology, reported first quarter revenues of RMB6.69 billion ($923 million), flat with 2023.

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