-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueComing to Terms With AI
In this issue, we examine the profound effect artificial intelligence and machine learning are having on manufacturing and business processes. We follow technology, innovation, and money as automation becomes the new key indicator of growth in our industry.
Box Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Cypress Industries Expands PCB, High Level Assembly in Mexico
April 9, 2021 | PRNewswireEstimated reading time: 1 minute
Cypress Industries has added additional Printed Circuit Board Assembly (PCBA) lines and expanded our High Level Assembly (HLA) footprint at our Mexico plant in order to handle additional volume.
These competitive advantages position our PCBA and HLA groups strategically for our customers looking to reshore to North America by providing a competitive cost structure while, in most cases, avoiding tariffs. We are able to do this through a transformation on products sourced from China that are integrated into finished goods at our Mexico plant," says Hardt
"As part of our expansion, we have hired VP of Operations Thomas Hardt to enhance our expertise and facilitate our growth," said Cypress Industries CEO Tom Lonsdale. "I am excited to have Thomas on board as he brings decades of relevant management experience. Thomas is also a fit with our corporate culture which focuses on customer and employee satisfaction."
"Our capabilities provide us with a competitive advantage in both PCBA and HLA," Hardt says. "Being able to manufacture and populate circuit boards, sheet metal and cables and then integrate all those into electromechanical assemblies, all in one facility, provides many advantages for our customers."
Some of these advantages include:
- Single Source, point of contact
- Quicker time to market
- Shortened Lead Times
- Reduced Inventories
- Reduction in Freight
- Lower Costs, no double mark-ups
Ability to import China products "In Bond" to provide a transformation on raw materials we are integrating into our high-level assemblies thus avoiding tariffs on most China products.
"These competitive advantages position our PCBA and HLA groups strategically for our customers looking to reshore to North America by providing a competitive cost structure while, in most cases, avoiding tariffs. We are able to do this through a transformation on products sourced from China that are integrated into finished goods at our Mexico plant," says Hardt.
Suggested Items
Q1 Global Semiconductor Sales Increase 15.2% YoY
05/07/2024 | SIAThe Semiconductor Industry Association (SIA) announced worldwide sales of semiconductors totaled $137.7 billion during the first quarter of 2024, an increase of 15.2% compared to the first quarter of 2023 but 5.7% less than the fourth quarter of 2023.
SCHWEIZER Confirms Group Figures and Outlook for 2024
04/29/2024 | SCHWEIZERSCHWEIZER announces the publication of the annual report for 2023 and confirms the preliminary figures. The SCHWEIZER-Group (according to IFRS) generated sales of EUR 139.4 million in 2023 (previous year: EUR 131.0 million).
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Global Semiconductor Sales Increase 16.3% Year-to-Year in February
04/04/2024 | SIAThe Semiconductor Industry Association (SIA) announced global semiconductor industry sales totaled $46.2 billion during the month of February 2024, an increase of 16.3% compared to the February 2023 total of $39.7 billion but a decrease of 3.1% from the January 2024 total of $47.6 billion.
Global Sourcing Spotlight: Don’t Be Afraid of Global Sourcing
04/03/2024 | Bob Duke -- Column: Global Sourcing SpotlightOn paper, it doesn’t seem like a great time for global sourcing. With several world conflicts, it may seem impossible to think that something like global sourcing and commercial trade between countries could begin to alleviate this tension between warring countries. But hey, I’ve always been a glass-half-full guy, so humor me. While trade between countries can indeed foster cooperation and contribute to peace in several ways, it's essential to recognize that it's not a panacea for all global issues. However, here are some ways in which trade can contribute to peace and global stability.