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The direct investment of the strategic investor WUS Printed Circuits (Kunshan) Co., Ltd. (China) in the wholly-owned Chinese subsidiary of Schweizer Electronic AG was subject to an extraordinary shareholders' meeting of the investor.
The extraordinary shareholders' meeting of WUS Printed Circuits (Kunshan) Co., Ltd. approved the investment. This means that the transaction can take place as planned by means of a 12.8 percent capital increase at Schweizer Electronic (Jiangsu) Co., Ltd. (China). The inflow of funds from the capital increase will amount to CNY 75 million (approximately EUR 10.5 million).
TTM Technologies, Inc., a leading global manufacturer of technology solutions including engineered systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB), reported results for the fourth quarter and fiscal 2022, which ended on January 2, 2023.
Pete Starkey, I-Connect007
“We’re not out of trouble yet, but it’s a whole lot better than a couple of months ago.” Walt Custer’s business outlook update, with emphasis on the European electronics industry, attracted a capacity audience to EIPC’s webinar on October 2. Pete Starkey details how it wasn’t all bad news.
Gene Weiner, Weiner International Inc.
Nanya Technology, Taiwan's biggest DRAM chipmaker, will apply for a permit to provide chips to ZTE. The company said it has been notified about restrictions on shipments to ZTE, and that the ban would have limited effect on its operation. The company said on May 9 that it is preparing to apply for a permit to continue shipping chips to ZTE Corp. as export restrictions took a new turn due to a US-China trade spat.