Fab News

OULU, FINLAND – Aspocomp will temporarily lay off 26 workers at its Oulu plant over the next three months in response to low delivery volumes.

Read more: Aspocomp to Temporarily Reduce Finland Workforce

SHENZHEN – PCB manufacturer Welgao has applied for an IPO on the Hong Kong Stock Exchange's Growth Enterprise Market, with plans to raise 601.3 million yuan ($82.6 million) on a new facility that will increase its annual production to 3 million sq. m.

Read more: Welgao Applies for GEM IPO

SUZHOU, CHINA – Chinese home appliance maker KingClean Electric plans to acquire a 96.5% stake in PCB maker Suzhou Lihua Technology for 272.5 million yuan ($37.4 million).

Read more: KingClean Electric to Buy 97% Stake in PCB Maker

WALTHAM, MA – Nano Dimension saw $14.7 million in revenue in the second quarter, marking a 33% increase over last year's second quarter.

Read more: Nano Dimension Reports $14.7M in Q2 Revenue

PETACH TIKVA, ISRAEL – Eltek announced second-quarter revenue of $11 million, up 21% over the same quarter last year.

Read more: Eltek Announces 21% Revenue Increase

ATLANTA – Winning the race for talent has never been more critical as the entire tech industry faces alarming shortages of skilled workers. To address the challenge, in May and June of 2023, two focus groups were conducted by the Electronic Components Industry Association and its newly-established Industry Recruiting Committee.

Read more: ECIA Publishes Results of Future Workforce Focus Groups

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