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In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
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AT&S Uses Temporary Corona Short-Time Work for the Fehring Plant
June 23, 2020 | AT&SEstimated reading time: Less than a minute
Due to the global weakness in demand in the automotive and industrial electronics sectors, which has been exacerbated by the COVID-19 pandemic, and the associated decline in orders for the AT&S plant in Fehring, the company has decided to take advantage of temporary short-time working as a stop-gap measure for the AT&S Fehring location, starting on July 1st. Due to the current situation in these industries, a sensible utilization of the production capacities cannot be maintained. The planning envisages the short-time working measures to be set for the next three months; if the currently very volatile situation has largely normalized by then, normal operation can then be resumed.
Of its 10,000 employees worldwide, AT&S currently employs 400 people at its Fehring location, 320 of whom are affected by short-time work. AT&S produces products for the automotive and industrial electronics industries in Fehring. Despite the current weakness in demand, both sectors are growth sectors due to trends such as e-mobility, autonomous driving, digitalization in industry, etc. The corresponding growth impulses can therefore be expected again after an economic recovery.
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VDMA: Machine Vision Navigating Through Uncertain Times
04/18/2024 | VDMAFor over a decade, the European machine vision industry has reported steady growth, with turnover increasing by an average of 9 percent annually between 2012 and 2022. Despite a temporary setback in 2020 (minus 4 percent) due to the Covid-19 pandemic, the industry rebounded strongly in 2021 (plus 17 percent) and 2022 (plus 11 percent).
ZESTRON Welcomes Angela Marquez as Head of Business Unit, Latin America
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Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.
Cicor Records Solid Growth in Q1
04/16/2024 | CicorThe Cicor Group continued to grow in the first three months of the year. Quarterly sales increased by 11.8% to CHF 107.3 million compared to the first quarter of the previous year (Q1/2023: CHF 96.0 million).
Marcy's Musings: The Growing Industry
04/16/2024 | Marcy LaRont -- Column: Marcy's MusingsAfter decades of steady decline in the U.S. and Europe, the PCB industry is finally growing, especially in China Plus One countries. The U.S. for example, which seemed to have abdicated its title as the world leader in innovating high-technology cutting-edge manufacturing processes, is now in a race to regain what it lost and then some. The PCB fabrication industry is growing in the West, thanks to DoD funding, the CHIPS and Science Act, and hopefully, the passing of HR 3249, the Printed Circuit Board and Substrates Act.