SAN JOSE -- Despite inventory corrections in certain end-markets, Multek's parent company forecasts 10% growth for the printed circuit board manufacturing unit this year.
TAIPEI -- Printed circuit board manufacturer Unimicron Technology reportedly will raise prices some 10 to 20% to reflect rising raw material costs, according to published reports.
MIDLAND, MI -- Dow Chemical reported first-quarter revenues at its Electronic and Specialty Materials unit rose 14% to $1.3 billion.
Volume growth was up 11% during the quarter, with increases across all business units. In Asia Pacific, Electronic Materials reported volume growth across all business units, resulting from strong global demand for consumer electronics and high foundry utilization rates. The business recorded several customer wins in the period, including photoresist for memory production, films for consumer electronics and electroplating materials for cellphones.
Overall, the materials conglomerate’s sales rose 20% in the quarter to $14.7 billion.
MIGDAL HAEMEK, ISRAEL -- Camtek reported first-quarter revenue rose 56% year-over-year to $27.5 million on increased demand from existing customers and new program wins.
ANAHEIM, CA -- DDi today reported first-quarter net income rose year-over-year to $5 million on demand in the computer and instrumentation/medical segments.
SAN JOSE – Sanmina-SCI Corp. today reported second-quarter fiscal 2011 net income of $13 million, up 30% year-over-year.
The electronics manufacturing services provider reported revenue of $1.57 billion, up 2.7% year-over-year, as defense contractors pushed out certain programs. GAAP operating income was $45 million, or 2.8% percent of revenue, flat with 2010.
Cash and cash equivalents increased $106 million over the prior quarter to $655 million. The company reduced inventory for the third quarter in a row.
The company said it was displeased with the results. "We are disappointed in our revenue and margin performance for the second quarter fiscal year 2011," said Jure Sola, chairman and CEO.
"Softness was broad-based, with a significant impact coming from weakness in the communications market and the delay in defense spending. We believe demand is improving and the second half will be stronger than the first half."
The EMS firm expects third-quarter revenue between $1.6 billion and $1.7 billion.