Fresh PCB Concepts: Traceability in PCB Design
The Shaughnessy Report: Back to the Future
Designers Notebook: Addressing Future Challenges for Designers
Mycronic Evaluates Listing Axxon
June 22, 2022 | MycronicEstimated reading time: 1 minute
The Board of Mycronic AB has decided to investigate the possibility of listing Axxon, the core of the High Volume division, on the STAR market of the Shanghai stock exchange and floating a minority stake. If feasible, the listing could take place during 2024.
Axxon has developed very successfully since Mycronic’s acquisition in 2016. A net sales compound annual growth rate of 39 percent, with healthy profitability, has brought Axxon to a market leadership position in dispensing for the electronics industry. Axxon has largely operated independently as a Chinese company with its own IP, R&D and operations. By listing and floating a minority stake on the STAR market in Shanghai, Axxon would further strengthen its brand and market leadership position in China and the world.
The STAR market is a highly liquid stock exchange focused on high tech companies, where trading is mainly driven by investment funds.
“The reason for investigating a possible listing of Axxon on the STAR market of the Shanghai stock exchange is to create the best possible conditions for Axxon to realize its success and full potential, by being more independent and having the means for fast expansion”, says Anders Lindqvist, Mycronic’s President and CEO.
Share on:
Suggested Items
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
02/21/2025 | Nolan Johnson, I-Connect007When I first started covering trade shows for I-Connect007 about six years ago, my calendar would see me attending shows 13 of the 23 weeks over the winter. Much has changed since the pandemic, and I bring this up because my picks for the week reflect on that. Which makes sense, because we’re already launched into a new and important trade show season. From Brittany Martin’s invaluable tips for making the most of your marketing efforts, to SMTA’s new scholarship, there’s a lot of information to be had. I hope you read it the first time around, but if not, it’s worth checking out. Share it with your colleagues. Let’s get this news out there.
Global NEV Sales Expected to Grow 18% in 2025, with US Market Facing Uncertainty
02/20/2025 | TrendForceTrendForce’s latest investigations find that global sales of NEVs—including BEVs, PHEVs, and FCVs—reached 16.29 million units in 2024, marking a 25% YoY increase.
The Resurgence of European PCB Manufacturing: A Strategic Advantage
02/20/2025 | Jordan Labbe, ICAPE GroupThe global electronics landscape is undergoing a significant transformation. Driven by a confluence of factors, including geopolitical instability, supply chain disruptions, and a growing emphasis on agility and localized production, a renewed focus on European PCB manufacturing is emerging. This resurgence is not merely a trend; it represents a strategic advantage for companies seeking to navigate the complexities of the modern electronics market with multiple sourcing options, outside of China.
STMicroelectronics to Enable Higher-Performance Cloud Optical Interconnect in Datacenters and AI Clusters
02/20/2025 | STMicroelectronicsSTMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, is unveiling its next generation of proprietary technologies for higher-performing optical interconnect in datacenters and AI clusters.
Collaborative Robots: Shaping the Future of Automation
02/19/2025 | Transparency Market ResearchCollaborative robots, or cobots, have revolutionized the way industries approach automation. Unlike traditional robots, which require safety cages and are separated from human workers, cobots are designed to work safely alongside humans. This fundamental shift allows businesses of all sizes to harness automation in a flexible, cost-effective, and scalable manner.