Fab News

MIAMI – Element Solutions reported net sales of $355.8 million in its electronics segment, a drop of 19% from the same quarter last year.

Read more: Element Solutions Announces 19% Decrease in Electronics Revenue

FONTENAY-AUX-ROSES, FRANCE – Icape Group saw €94.1 million ($103.5 million) in revenue for the first half of the year, down 11.7% compared with the first half of 2022.

Read more: Icape Group Announces 12% Drop in H1 Revenue

PALO ALTO, CA – Sanmina has reportedly expressed interest in building a PCB fabrication facility in the Indian state of Odisha after a delegation of the state's officials visited the company in Silicon Valley.

Read more: Sanmina Keen on Building Indian Fab Facility

HUIZHOU, CHINA – Chinese electronics parts manufacturer Victory Giant Technology has agreed to buy Singaporean PCB maker MFS Technology for up to $460 million.

Read more: China’s Victory Giant to buy Singapore’s MFS Technology

BRONSCHHOFEN, SWITZERLAND – Cicor Group announced 26.2% year-on-year sales growth for the first half of the year, reaching CHF199.2 million ($230.4 million) compared to CHF157.7 million (182.4 million) in the first half of last year.

Read more: Cicor Group Sales Increase 26% in H1

WASHINGTON – The United States faces a significant shortage of technicians, computer scientists and engineers, with a projected shortfall of 67,000 of these workers in the semiconductor industry by 2030 and a gap of 1.4 million such workers throughout the broader US economy, according to a study released by the Semiconductor Industry Association in partnership with Oxford Economics.

Read more: SIA: US Faces Tech Worker Shortage

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