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I-Connect007 Editor’s Choice: Top Five Must-Reads for the Week
April 7, 2023 | Nolan Johnson, I-Connect007Estimated reading time: 3 minutes
The adage about spring weather in Northern temperate climates is, “April showers bring May flowers.” This is, of course, on the heels of March, when the weather comes “In like a lion, out like a lamb.” The suggestion for March is that whatever way the month starts, it will end just the opposite. But we’re in the first week of April, where things are expected to settle into a steady state of preparation for an abundance just over the horizon. Sound a bit like our business climate right now, doesn’t it?
This week my editor’s picks include news of abundance: SMTC goes private, Flex gets kudos from General Motors, Zentech’s leadership changes, and local expos seem to be thriving—at least in Texas. Last but not least, this week we combine two interviews into a single news item covering the Presidential Determination that directly affects the electronics manufacturing industry. If you’re not sure what that is, never fear. These two interviews below will give you clarity.
SMTC Corporation Announces Completion of Investment by H.I.G. Capital
Published April 4
SMTC, a major player in the EMS sector on a global scale, has just gone private with this purchase transaction with H.I.G. Capital. The deal is reported to have a transaction price of $43 billion. For many companies in a dynamic market with a shifting competitive landscape, going private can be an advantage. SMTC’s move to private equity fits that trend.
Zentech Appoints Mike Buseman as President & CEO
Published April 5
Mike Buseman officially takes the helm from Zentech President and CEO Steve Pudles on April 10. In the announcement, Buseman said, “These are extraordinary times for U.S. manufacturing, and I am excited about our next stage of growth. Together with the team, we will continue to partner with our customers as a trusted source to deliver their mission critical manufacturing solutions. There are many opportunities ahead and we will double-down to drive even higher performance for our customers, our employees, and our stakeholders.” Mike, these an interesting times for our industry, and we wish you much success.
Serving up SMTA—Texas Style
Published April 3
Last week, Barry Matties attended the SMTA Dallas Expo and the SMTA Houston Expo. In this report from the file, Barry shares his impressions of this “Texas Two Step” of industry gatherings, including plenty of photographs and a video. Catch up with what an SMTA local chapter expo looks like.
Flex Recognized as a 2022 Supplier of the Year by General Motors
Published April 6
“Each year, GM's Supplier of the Year recipients are selected by a global, cross-functional GM team for their performance in criteria such Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales and Logistics.” This news piece announces that Flex has indeed been recognized as a 2022 GM Supplier of the Year. With all the supply chain and other challenges, supplying the “just in time” auto manufacturers can be a challenge.
And finally, a two-fer:
Deciphering the Presidential Determination
Published April 3
PCBAA Reacts to Implications of Biden’s PCB Determination
Published April 5
My final pick is not a single news item, but rather a single story with two complementary reports. On March 27, 2023, U.S. President Joe Biden issued a Presidential Determination recognizing the printed circuit industry as important to U.S. strategic defenses. This determination changes some of the rules of engagement between U.S. DoD and the electronics manufacturing industries. These two interviews discuss the implications of this change with representatives from PCAA and IPC. I believe as you listen to these two conversations, you’ll get a clearer picture about how this affects our industry.
Suggested Items
SEMICON West 2024 to Spotlight U.S. Chip Industry Investments, Supply Chain Resilience, Talent, and Global Growth and Innovation
05/15/2024 | SEMISEMICON West 2024 will gather industry experts and leaders July 11-13 at the Moscone Center in San Francisco for insights into the latest trends and innovations in sustainability, supply chain management, workforce development and other critical industry issues.
Using AI to Redefine Productivity
05/15/2024 | Nolan Johnson, SMT007 MagazinePlato Systems, a machine perception company spun out of Stanford University, employs AI and video data to analyze and optimize the human component in manufacturing. Initially focused on semiconductors, Plato Systems has expanded into EMS manufacturing. Co-founder and CEO Amin Arbabian, along with product advisor Anders Holden and head of growth Luis Vidal, discuss their approach to changeover optimization and its impact on productivity in the industry. They’ve also included customer Raj Vora in the conversation.
SMTC Strengthens Leadership for Future Growth: Ed Smith Promoted to Executive Chairman; Mike Buseman Joins as CEO
05/15/2024 | BUSINESS WIRESMTC Corporation, a leading North American provider of electronics manufacturing services, is pleased to announce the appointment of Mike Buseman as President & Chief Executive Officer, effective May 13, 2024.
ACDi Expands East Coast Presence with Acquisition of Fourth Manufacturing Plant
05/13/2024 | ACDiACDi, a leading provider of electronics manufacturing services, today announces the expansion of its East Coast presence and manufacturing capabilities with the acquisition of a fourth manufacturing plant in Kilmarnock, Virginia. The company signed an asset purchase agreement with QinetiQ to acquire their Virginia facility and its assets, including SMT, wave soldering, AOI and SPI equipment. The deal brings ACDi to 4 East Coast locations with a total of 9 SMT lines.
LPKF is Ready for Increasing Demand for Glass Substrates in the Semiconductor Industry
05/13/2024 | LPKFThe semiconductor industry is shifting towards glass to package the most advanced semiconductor chips. LPKF’s mature LIDE technology is enabling that transition into this new era from ramp-up to high volume manufacturing.