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IMI Posts $290 Million of Revenues for Q1 of 2024

05/10/2024 | IMI
Integrated Micro-Electronics, Inc. (IMI) reports group revenues of US$290 million for Q1 2024, 16% lower than the previous year, partly due to the divestment of STI which was still contributing revenues to the company last year. Cost rationalization activities have mitigated the drop in revenues to maintain IMI core operating margin at 2.4%, which sits at a similar level to 2023. Net loss for the group totaled US$3.7 million in the first quarter of 2024.

TTM Technologies Appoints Wajid Ali to Board of Directors

05/10/2024 | TTM Technologies, Inc.
TTM Technologies, Inc. announced that Mr Wajid Ali has been appointed by the unanimous vote of the remaining Directors to serve as a new Class I director on the Board, effective immediately.

Key Tronic Announces Results for Q3 of Fiscal Year 2024

05/08/2024 | Globe Newswire
For the third quarter of fiscal year 2024, Key Tronic reported total revenue of $140.5 million, compared to $164.6 million in the same period of fiscal year 2023.

Global Sourcing Spotlight: Golf, Friedman, and the Benefits of Global Sourcing

05/08/2024 | Bob Duke -- Column: Global Sourcing Spotlight
When I started working on global sourcing for American Standard Circuits, a friend sent me a book by the NY Times economist Thomas Friedman called The Lexis and the Olive Tree. Well, not being a fan of the NYT or even economists as a whole, I put the book on a shelf and forgot about it until I got a call from my book-giving friend, and he asked me what I thought of the book. I mumbled something unintelligible and quickly changed the subject.

Fabrinet Announces Q3 Fiscal Year 2024 Financial Results

05/07/2024 | Fabrinet
Fabrinet, a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its third fiscal quarter ended March 29, 2024.
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