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ISM Issues Corrected Report

Institute of Supply Management’s  (ISM)  has discovered an error in its software programming for calculating the May 2014 Manufacturing PMI that was released at 10 a.m. ET this morning. “We apologize for this error. We have recalculated and confirmed that the actual index indicates that the economy is accelerating,” said Bradley J. Holcomb, CPSM, CPSD, chair…

Kemet Files Conflict Minerals Report

KEMET Corporation (NYSE: KEM), a leading global supplier of electronic components, today released its 2013 Conflict Minerals Report, submitted to the U.S. Securities and Exchange Commission (SEC) in accordance with U.S. law. The Conflict Minerals Report provides details on the company’s efforts to ensure that all KEMET tantalum materials are sourced conflict-free, either through the…

RFMW Acquires Axomic

  RFMW Ltd., a specialized distributor providing customers and suppliers with focused distribution of RF and microwave components as well as specialized component-engineering support, today announced the acquisition of Axomic Pte Ltd, a specialized RF & Microwave component supplier for Southeast Asian customers. The agreement increases RFMW’s global footprint and enhances their corporate standing as…

IPC: PCB Growth Still Stagnant

 IPC — Association Connecting Electronics Industries® announced today the April findings from its monthly North American Printed Circuit Board (PCB) Statistical Program. Year-on-year sales growth was up slightly in April and the book-to-bill ratio remained positive at 1.01. Sales and Orders Slow but Improving Total North American PCB shipments increased 1.6 percent in April 2014 from…

Continental, Robert Bosch Battle for Top Automotive Supplier

London, England — According to analysis by Semicast Research, Continental and Robert Bosch maintained their positions as the dominant suppliers of automotive under-the-hood ECU electronics in 2013, considerably ahead of third placed Denso. Collectively these three suppliers are estimated to account for half of the automotive under-the-hood ECU electronics market. Semicast defines automotive under-the-hood ECU…

Qualtek Launches Website Redesign

Mentor, Ohio — Qualtek Electronics, a leading electronics manufacturer of fan and fan accessories, AC receptacles, heat shrink products, power cords and cordsets, power supplies and EMI power line filters, has launched a redesign of their website to provide visitors with more information, faster browsing, easier site navigation and compatibility with smart phones and tablets. The…

Omron Sets Business Goals

OMRON Corporation (TOKYO: 6645, ADR: OMRNY) announced on May 29 its new medium-term business plan for the three years from FY2014 to FY2016. In 2011, OMRON launched its long-term business strategy for the decade leading up to 2020, called “Value Generation 2020” or “VG2020.” With this strategy, OMRON has specified goals; “global value-creating group that is qualitatively…

Seagate Buys Avago LSI ASD & FCD Units

Seagate Technology plc (NASDAQ: STX), a world leader in storage solutions, and Avago Technologies Limited (NASDAQ: AVGO), a leading semiconductor device supplier to the enterprise storage, wired, wireless and industrial end markets, today announced that they have entered into a definitive asset purchase agreement under which Seagate will acquire the assets of LSI’s Accelerated Solutions…