Feb 26- 3 D printer maker 3 D Systems Corp reported a lower-than-expected quarterly profit as the company invested heavily in research and development and acquisitions. 3 D Systems' operating expenses jumped about 38 percent in the fourth quarter as the company spent on increasing production capacity and enhancing its technology infrastructure.» Read More
Dec 17- Jabil Circuit Inc, which makes phone casings for Apple Inc, forecast revenue for the current quarter to be above market estimates as sales of iPhone 6 and 6 plus continue to ramp up. Apple, Jabil's biggest customer, had said it sold a record 10 million iPhones in the first weekend after its new, larger phone models went on sale in 10 countries in September.
SEOUL, Dec 16- LG Electronics Inc, the world's No. 2 television maker behind South Korean compatriot Samsung Electronics Co Ltd, said on Tuesday it will launch quantum dot television sets in early 2015.. Japan's Sony Corp is so far the only major TV maker selling quantum dot models. Dow is building a factory in South Korea to make quantum dot material using...
AMSTERDAM, Oct 15- Dutch electronic chip manufacturing equipment maker ASML reported a drop in quarterly sales on Wednesday but said it was still on track to hit its full-year target as it delivers on two system orders that were delayed. Sales figures from ASML, which supplies chip lithography systems to all of the world's largest chip makers, including Intel,...
BEIJING/ TAIPEI, Oct 9- Hon Hai Precision Industry Co Ltd, the world's largest contract electronics manufacturer, said on Thursday it had resolved a strike by about 1,000 workers at one of its factories in China, and that production from the plant was unaffected. Hon Hai, also known by its trading name Foxconn Technology Group, said the workers at its Chongqing...
*Samsung Electronics to build chip plant in Pyeongtaek. SEOUL, Oct 6- South Korean IT giant Samsung Electronics plans to spend $14.7 billion on a new chip facility- its biggest investment in a single plant- leaning on its semiconductor business to bolster profits as its smartphone dominance wanes. But with the higher demand for mobile devices come increased...
*Sainsbury, Nexans drop after warning on sales outlook. LONDON, Oct 1- European shares finished lower on Wednesday weighed down by disappointing regional manufacturing data and concerns about European earnings after retailer Sainsbury and cable maker Nexans issued sales warnings.
*Nexans, Sainsbury drop after warning on sales outlook. LONDON, Oct 1- European shares slipped on Wednesday following disappointing regional manufacturing data and on concerns about European earnings after retailer Sainsbury and cable maker Nexans issued sales warnings.
*Nexans, Sainsbury drop after warning on sales outlook. LONDON/ PARIS, Oct 1- European shares edged lower on Wednesday, following mixed data on manufacturing and sales warnings from J Sainsbury and Nexans that fuelled worries over European corporate results.
*Nexans, Sainsbury drop after warning on sales outlook. PARIS, Oct 1- European shares dipped on Wednesday following mixed manufacturing data and as sales warnings from J Sainsbury and Nexans fueled worries over the outlook for European corporate results.
Despite the improvement in the overall jobs picture in the U.S—as non-farm payrolls grew by 195,000 in June—employment in American manufacturing is still bleak.
As firms like Foxconn shift factories away from higher-cost centers, they are discovering that workers in new locations across China are not as abundant as they had expected, prompting multinationals and their suppliers to use millions of teenage students from vocational and technical schools on assembly lines.
Apple CEO Tim Cook confirms the company will relocate production of one product line to the USA.
In another sign the American economy is on the comeback trail, a new survey from KPMG shows optimism is improving among U.S. manufacturing and service industry executives. Executives in both key sectors say the worst is behind us.