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Getting to Know Your Designer
In this issue, we examine how fabs work with their design customers, educating them on the critical elements of fabrication needed to be successful, as well as the many tradeoffs involved. How well do you really know your customer? What makes for a closer, more synchronized working relationship?
In this issue, the biggest names in PCB manufacturing share their economic outlook for the upcoming year and beyond. As you will see, they were all bullish on our industry, but there was some apprehension as well. No one wants to get burned by another the supply chain disruption.
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Rogers Announces Termination of Merger Agreement with DuPontNovember 3, 2022 | Rogers Corporation
Estimated reading time: 1 minute
Rogers Corporation announced the termination of its definitive merger agreement with DuPont de Nemours, Inc. In connection with the termination of the merger agreement, Rogers has received a regulatory termination fee of $162.5 million from DuPont.
As previously disclosed, the merger agreement provided both Rogers and DuPont with a right to terminate the merger agreement if the merger had not closed on or before November 1, 2022. Consummation of the merger was subject to various customary closing conditions, including regulatory approval by the State Administration for Market Regulation of China (“SAMR”). As of November 1, 2022, the parties had not received regulatory approval from SAMR.
Peter C. Wallace, Rogers’ Board Chair, stated, “While we are disappointed with the outcome of this process, the strength of Rogers as a standalone business is undeniable. Our strategic plan provides a clear path towards future growth, and we look forward to expanding upon our leadership position and capitalizing on the many attractive opportunities ahead. We’ve always been focused on generating shareholder value and remain dedicated to this important objective on the journey ahead.”
Bruce D. Hoechner, Rogers’ President and CEO, said, “Rogers has continued to perform well and grow revenue in a challenging macroeconomic environment over the past year, and as we pivot to the future, we will continue to execute our proven strategy to create sustainable value for our shareholders and other stakeholders. We remain confident that we can double our annual revenues over the next five years and return profitability back to historic levels as market conditions improve. We are entering this next chapter in a position of strength, as an industry leader innovating across fast-growing markets, with a clear and robust pipeline of opportunities and widespread customer enthusiasm about our offerings and value proposition.”
The Semiconductor Industry Association (SIA) announced global semiconductor industry sales totaled $48.0 billion during the month of November 2023, an increase of 5.3% compared to the November 2022 total of $45.6 billion and 2.9% more than the October 2023 total of $46.6 billion.
Taiwan-based Compeq Manufacturing Co. Ltd has reported revenues of around NT$7 billion ($226.36 million at $1:NT$30.95) for the month of November, down by 4.3% from the previous month—breaking its four-month growth trend—but down by just 1.42% year-on-year.
IPC announced the November 2023 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 0.97.
IPC announced the November 2023 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.23.
Taiwan-based Nan Ya Printed Circuit Board Corp. (Nan Ya PCB), a manufacturer of single-sided PCBs, HDI PCBs, and rigid-flex PCBs based, has posted unaudited sales of NT$3.03 billion ($96.29 million at $1=NT$31.51) for November 2023, down by 15.7% from October 2023, and by 49% year-on-year.