Flextronics Wins HP Brazil Contract

Flextronics International Ltd. said it has signed a contract with Hewlett-Packard Co. to provide design chain, manufacturing and other supply chain management services in Brazil to support the company’s printing and personal systems business in the South American country. Under the terms of the agreement, Flextronics is expected to offer a wide range of services…

Flextronics Net Drops on Higher Costs

Flextronics International Ltd. reported profits for the fiscal 2014 second quarter shrank as the company faced higher operating costs and on a small decline in gross profit margins. The company said it believes cost-cutting measures introduced earlier in the year would help it improve the total operating structure. Net income at the top-tier electronics manufacturing…

Vishay Trims Q4 Outlook as Sales Drop

Vishay Intertechnology Inc. today disclosed why it is embarking on a cost-cutting and employee reduction program noting in a release that third quarter revenue and profits came in below investors’ and the company’s expectations. Its sales forecast for the December quarter were similarly lackluster indicating demand for its products remain weak. Malvern, Pa.-based Vishay reported…

Vishay Unveils Sweeping Cost-Cutting Actions

Vishay Intertechnology Inc. has announced a batch of workforce reduction measures to lower its selling, general and administrative expenses as well as actions that would impact its MOSFETs business and result in the transfer of some semiconductor wafer manufacturing to contractors. The program was announced one day ahead of the company’s scheduled release of its…

Avnet Taps Buseman for Key Exec Role

Avnet Inc. has named Michael Buseman chief global logistics and operations officer, appointing the EMS industry veteran to the position recently vacated by Gerry Fay who now heads the company’s global electronics components distribution business. Buseman, who joins Avnet from electronics manufacturing services (EMS) provider Plexus Inc., where he headed the $2 billion revenue company’s…

Analog Devices Wins ‘Most Innovative’ Firm Recognition

Analog Devices, Inc. (ADI), a global leader in high-performance signal processing technology, today announced the company has been named as one of the world’s most innovative companies according to the Thomson Reuters 2013 Top 100 Global InnovatorSM program. Using proprietary data and analysis tools, the Thomson Reuters award program identifies corporations and organizations that are…