Fab News

LISLE, IL – A further decline in market demand has forced Molex to revise its fourth-quarter outlook and implement cost reductions. Revised figures predict December revenue between $650 million and $670 million, a significant decline over the prior outlook of $750 million to $800 million.

Cost-saving measures include a planned reduction in the company’s workforce. An exact number and date have not been issued. 

ROGERS, CT and RANCHO CUCAMONGA, CA – Rogers Corp. has initiated a patent infringement complaint against Arlon Electronic Material Group of Rancho Cucamonga. The complaint is in regard to US Patent No. 5,552,210, “Ceramic Filled Composite Polymeric Electrical Substrate Material Exhibiting High Dielectric Constant and Low Thermal Coefficient of Dielectric Constant.”

Read more: Rogers Issues Patent Infringement Claim Against Arlon
MELVILLE and NEWBURGH, NY – Park Electrochemical Corp. announced that its electronics materials business unit, New England Laminates Co., Inc. will close in January. The company says the closure is a result of the poor electronic materials market in North America.
 
Existing customers of New England Laminates will be supplied and supported from Park’s facilities in Fullerton, CA and Tempe, AZ. A one-time, pre-tax charge of nearly $1.3 million in the fourth quarter is predicted.
ENDICOTT, NY – Endicott Interconnect Technologies Inc. (EI) has been awarded a research and development contract by the US Department of Defense. The $12 million contract supports the continued development of advanced high-speed electronic packaging technologies, including printed circuit boards (PCBs), system development and substrate design.
 
EI has expanded and modified its existing facilities and purchased equipment to support the scheduled work. The company also plans to hire additional employees. “The work for the DoD needs to be performed within the boundaries of the United States, so we are actively recruiting engineers across multiple disciplines to develop the next generation of scientists and engineering support personnel,” explains Rajinder Rai, vice president of R&D and general manager of Integrated Circuit Assembly Services at EI.
TOKYO and HONG KONG – Saki Corporation, a Japan-based provider of automatic optical inspection machines, has signed a Sale and Purchase (S&P) Agreement with Schmidt Electronics Group Ltd. In the agreement, Saki will acquire an undisclosed percentage of Schmidt’s subsidiary, MacroScience Technology Ltd. (MSTL).
 
MSTL is a proprietary owner of x-ray inspection systems, focusing on mechanical and electronic components for the electronics SMT and Non Destructive Testing (NDT) industries. The acquisition will increase Saki’s product portfolio and expand the companies’ customer base.

A specific timeframe has not been given, but Saki will gradually acquire a majority interest in MSTL, while Schmidt retains a minority interest. In addition, Saki will assume management of MSTL operations. 
 
“MSTL will now be able to capitalize on the worldwide sales and marketing network of Saki Corporation to further increase its market presence and penetration. On the other hand, the valuable human and knowledge assets of MSTL will play an important part in Saki’s future business growth,” explained Klaus Festl, chairman and CEO of Schmidt.
SEOUL, SOUTH KOREA and SHANGHAI, CHINA – Samsung Electro-Mechanics Corporation has delayed its planned buyout of Unicap Electronics Industrial Corporation. Located outside of Shanghai, the company specializes in the production of circuit boards used for liquid-crystal displays.
 
   Read more: Update: Samsung Electro Delays Buyout

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