Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that Philips and GO Scale Capital have terminated the agreement pursuant to which the consortium led by GO Scale Capital would acquire an 80.1% interest in Lumileds. Despite the extensive efforts of Philips and GO Scale Capital to mitigate the concerns of the Committee…
Declining prices are always a good news/bad news scenario in the electronics components industry. Buyers win when prices dip, but vendors have a hard time meeting revenue and profit goals. After experiencing a fall to the bottom and a price slump in LED during 2012-2013, quite a few LED enterprises have been forced to go…
Semiconductor vendors, most major consumer electronic OEMs and other high-tech companies largely ignored the voluntary independent audit requirement for compliance with the Dodd-Franks Conflict Minerals legislation in 2013 and this will most likely remain unchanged for 2014, according to a report compiled by Schulte Roth & Zabel, a law firm that provides advisory services to…
El Segundo, Calif. — The industrial electronics chip market rebounded in 2013 with revenue growth of nine percent, reaching $32.8 billion, after falling five percent in 2012, according to a report from IHS Technology (NYSE: IHS). These chips are used in a variety of applications, including medical electronics, factory automation, energy distribution and generation, building and home control,…
One of the electronics industry’s problems with the so-called U.S. “Conflict Minerals Act” has been the lack of a comprehensive standard for disclosing the origin of certain minerals. An organization of electronics manufacturers, consultancies and compliance agencies have developed a comprehensive conflict minerals web database system, BOMcheck, in preparation for the reporting period beginning in…
Do you collaborate with and learn from your suppliers, or are you serving them the knowledge to compete with you head-on on a silver platter? This question is increasingly relevant in today’s global competitive environment. Firms are routinely leveraging global sourcing to gain cost advantages, but competition nowadays occurs between supply chains rather than businesses.…