Fab News

BOUDRY, SWITZERLANDCicor Microelectronics has recently secured two new large orders with a total volume of EUR 5.4 million.

The first agreement deals with a follow-up order for the production of specialized hybrids for position sensor systems. Production includes manufacturing circuit boards, micro-assembly of position sensors and magnetic field sensors, and also testing.

The second order deals with a framework agreement for the production of complete microelectronic modules in 2012 and 2013.

These orders contribute to an annual goal of organic growth of between 7% and 9%, the firm says.

EUR 1 = US$1.3341

TOKYO -- Sumitomo Electric Industries has reached a basic agreement to acquire Sumitomo Bakelite's flexible printed circuit manufacturing subsidiary in Vietnam.

Read more: Sumitomo Electric to Buy Vietnam Flex Circuit Shop

LONDONDERRY, NH -- L-3 Communications, Fuzing and Ordnance Systems has awarded Vulcan Flex Circuit a $2.7 million contract to build flexible circuits.

Read more: Vulcan Flex Circuit Wins $2.7M L-3 Program

SHENZHEN – A Fair Labor Association audit of Foxconn has determined the firm to have excessive working hours and health and safety issues, according to published reports.

Read more: FLA Audit Finds Foxconn in Violation of Labor Laws

BANNOCKBURN, ILIPC has appointed John W. Mitchell president and CEO, effective April 23.

Mitchell has experience in strategic and tactical planning, international alliances and joint ventures, engineering management, creation of intellectual property, product marketing and business negotiations.

Mitchell spent five years as general manager and director at Bose, which he left in 2008. Prior to Bose, he spent 11 years in upper management at Alpine Electronics of America. Most recently, he served as CEO of Golden Key International Honour Society

As IPC’s chief staff officer, Mitchell will lead the organization’s global operations and staff and will report to the IPC board. He succeeds Denny McGuirk, who left last fall after 12 years with IPC. Jim Herring, IPC’s interim president and CEO, will assist with the transition.  

Mitchell becomes just the fourth president in IPC's 55-year history, after Ray Pritchard, Thom Dammrich and McGuirk.

TAIPEI -- Foxconn Electronics reported fourth-quarter net profits rose 83% sequentially to NT$35.1 billion ($1.19 billion) on higher demand for consumer electronics.

Read more: Foxconn's Profits, Sales Up Big in Q4

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