Printed Circuit Design & Fab Online Magazine - Fab News

Fab News

ZHONGSHAN, CHINA – Guangdong Ellington Electronics Technology reported revenue of CNY934.8 million ($131.2 million) for the second quarter, up 15% from 2023's second quarter.

Read more: Ellington Electronics Announces 15% Increase in Q2 Revenue

BANGALORE, INDIA – Nidec has established a new subsidiary, Nidec Advance Technology India, to expand its inspection systems' presence in the Indian market.

Read more: Nidec Establishes Indian Subsidiary

KUNSHAN, CHINA - Wus Printed Circuit (Kunshan) Co., Ltd. reported first-half sales of CNY5.4 billion ($759 million), up 44% from a year ago.

Read more: Wus Sees Big JH1 Jumps in Revenue, Profits

DAEGU, KOREA – ISU Petasys will invest KRW300 billion ($223.3 million) here to build a PCB manufacturing plant.

Read more: ISU Petasys to Build Korean PCB Plant

ANSAN, KOREA – Daeduck Electronics announced second quarter revenue of ₩238.2 billion ($178.5 million), up 8.4% from the second quarter of 2023.

Read more: Daeduck Reports 8% Increase in Q2 Revenue

NEEDHAM, MA – Worldwide spending on artificial intelligence, including AI-enabled applications, infrastructure, and related IT and business services, will more than double by 2028 when it is expected to reach $632 billion, according to a new forecast from IDC's Worldwide AI and Generative AI Spending Guide.

Read more: Report: AI Spending to Reach $632B in 2028