Market News

TEMPE, AZ -- US manufacturing activity slipped in April for the 15th consecutive month, but the rate of new orders jumped six points to its highest level since September, according to the latest poll of the nation's executives.

After six consecutive months below the 40%, mark, the PMI index of manufacturing activity jumped nearly four points to 40.1%. A PMI over 41.2%, over time, generally indicates an expansion of the overall economy, said the Institute for Supply Management, which tracks the data.
The New Orders index hit 47.2%, the with Computer & Electronic Products segment reporting growth. The Customers’ Inventories Index fell, a sign that stocks are being cut. The pricing index fell as well, meaning manufacturers are paying less for goods and services.

ISM spokesman Norbert Ore said, “The decline in the manufacturing sector continues to moderate. The PMI shows a significant improvement. While this is a big step forward, there is still a large gap that must be closed before manufacturing begins to grow once again."

The overall economy contracted for the seventh consecutive month.

SMYRNA, GA – PCB East opened its one-day exhibition last week in the Boston suburbs to an enthusiastic cross-section of electronics industry professionals.

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TAIPEI, TAIWAN – The demand for optoelectronic PCBs is increasing, thanks to China, Europe and the US. Taiwan PCB Techvest (TPT), Dynamic Electronics and Tripod Technology are seeing a rise in orders, reports DigiTimes.
TPT’s plants in China and Taiwan are running at full capacity, and March revenues climbed 40% from February. Order visibility has extended to June, and TPT is forecast to see second-quarter revenue up 20% sequentially, according to the company.
Dynamic also reports full capacity at its plants in China and Taiwan, with a 90% utilization rate in eastern China. The company expects April revenues to reach over NT$1 billion (US$30.23 million).
Tripod predicts the third quarter will see a recovery in the PCB industry, as Europe and North American markets begin to build inventory. Optoelectronic and notebook PCBs have a healthy momentum for growth, according to the company, and demand for HDI boards, HDDs and boards for DRAM modules are showing signs of improvement.
ROGERS, CT – Rogers Corp. reported first-quarter revenue fell 33% from last year to $65.5 million on inventory takedowns and end market declines. The amount includes $2.8 million in severance charges and other one-time charges totaling nearly $2.9 million.
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AUSTIN, TX -- Bare Board Group received National Instruments’ 2009 Supplier of the Year award, recognizing consistent performance beyond expectations throughout the year. The annual awards are presented to suppliers who are commitment to excellence, continuous improvement and innovative practices.

"It's an honor to receive this award from National Instruments and it affirms that Bare Board Group is a world class PCB distributor," said Greg Papandrew, president of BBG. "This recognition could not have been accomplished without the dedication of the personnel in BBG's US and Taiwan offices and BBG's qualified vendors," Papandrew continued. "A true team effort!"

NI recognizes suppliers in six categories: Supplier of the Year, Best in Class, Best Global Support, Tier One, Quality and On-Time Delivery. Recipients of the awards are chosen based on the National Instruments supplier scorecard, which evaluates performance in the areas of cost, quality, global support, delivery, technology and innovation.

“With the rising standard to which global companies are being held, National Instruments makes it a priority to work with suppliers who are dedicated to quality performance, timely delivery, a competitive cost structure and innovative business practices,” said Scott Christman, director of the global supply chain for National Instruments. “These suppliers have demonstrated the commitment, innovation and results that set them apart from the rest of the industry, and we congratulate them for their outstanding accomplishments.”

PETACH-TIKVA, ISRAEL – Eltek Ltd. received a total of $1.2 million in flex-rigid PCB orders from an undisclosed US medical equipment manufacturer.
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