Senior Managers Purchase CUI Inc.’s Electronic Components Business

Today, former senior managers of CUI Inc announced that they have purchased the company’s industry-leading components business from CUI Inc’s publicly-traded parent company, CUI Global. The newly-formed private entity will go to market as CUI Devices and will continue to serve its customers and develop new technologies within its interconnect, audio, thermal management, motion and…

Factory, slows

Electronics Industry Contracts; U.S. Factory Gauge Hits 10-Year Low

U.S. factory activity in September contracted for the second consecutive month to reach its lowest level since June 2009—the end of the last recession. The Institute for Supply Management’s leading manufacturing index, the PMI, registered 47.8 in September, a 1.3 percent drop from August. The demarcation line between expansion and contraction is 50. Business confidence…