|Trade News Archive: ELECTRONICS INDUSTRY|
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|The AmericanEconomicAlert.org News Article Rating System|
|As well as providing fresh news reports every day, AmericanEconomicAlert.org offers a uniques news rating system. Each news item below has been given a rating from 1 to 5 stars, depending on its importance and relevance to
U.S. international economic and trade policy.|
|Wednesday, August 20, 2014|
Who Says You Can't Manufacture Electronics in the US?
Comment: "Well, Sammut is back, performing another manufacturing miracle at Firstronic LLC in Grand Rapids, Mich., just a few miles outside Detroit. There he’s making electronics for some very special customers and proving that sometimes 'you gotta get small to get big.'
|Sunday, December 29, 2013|
U.S. Electronics Maker Knowles Adapts to a Changed China
Comment: "Low-end producers of textiles, sneakers, and toys have been shutting their China operations and relocating to Vietnam, Cambodia, and India. That’s not an option for businesses that pack a lot of engineering knowhow into their products. “In the past 10 to 20 years, China has developed a very complete supply chain for us. The whole ecosystem is right here,” says Lu."
|Wednesday, March 14, 2012|
|Friday, January 27, 2012|
|Thursday, January 05, 2012|
|Friday, December 23, 2011|
|Sunday, December 04, 2011|
China says US solar probe 'protectionist'
Comment: "China on Sunday accused the United States of "protectionist attitudes" towards Chinese solar panel makers and warned that a US investigation could hurt global efforts to cut emissions cheaply."
|Thursday, November 24, 2011|
|Saturday, November 19, 2011|
SolarWorld, its California plant gone dark, girds in Oregon for industry shakeout while battling China
Comment: "Managers of German-owned SolarWorld blame unfair competition from China for the closure of the Camarillo plant and the transfer of its work to Oregon. The company's U.S. branch has filed a trade complaint seeking tariffs on cheap Chinese panels flooding the United States, arguing that China offers colossal subsidies in a drive to destroy solar companies in the West. The company is preparing a similar case against China in Europe."
|Tuesday, November 08, 2011|
|Saturday, September 10, 2011|
|Tuesday, August 02, 2011|
|Friday, June 10, 2011|
Made in America: Which Car Creates the Most Jobs?
Comment: "There are 698,700 people employed in the U.S. motor vehicle manufacturing industry, and each auto industry job supports nine others in the United States. It is an industry that is on the rise, employing an estimated 40,000 more people than this time last year."
|Wednesday, May 04, 2011|
|Sunday, March 20, 2011|
|Thursday, March 17, 2011|
|Sunday, March 06, 2011|
Thailand seen holding onto crown of 'Detroit of Asia'
Comment: The average wages for manufacturing workers in China are USD 412.50 a month, compared with Thailand's USD $245.50, Malaysia's USD 666 and USD 129 for Indonesia, according to a 2009 report on the International Labour Organisation's website."
|Sunday, January 16, 2011|
|Tuesday, November 09, 2010|
|Sunday, August 29, 2010|
|Tuesday, August 24, 2010|
|Monday, July 19, 2010|
|Saturday, July 03, 2010|
|Saturday, June 12, 2010|
|Wednesday, May 26, 2010|
|Wednesday, April 28, 2010|
|Tuesday, April 13, 2010|
UPDATE: China Sets Duties On US, Russia Electrical Steel Imports
Comment: "Tuesday's announcement by China's Commerce Ministry comes after last week's decision issued by the U.S. Commerce Department to impose antidumping duties of up to 99.14% on imports of steel pipes from China.The latest trade ruckuses, especially between China and the U.S., come as Chinese President Hu Jintao is in Washington for a nuclear security summit and after a bilateral meeting between Hu and U.S. President Barack Obama on Monday.
In the meeting, Hu told Obama that letting the Chinese currency appreciate against the dollar wouldn't solve the trade imbalances between the two countries and that the two sides need to resolve trade frictions through consultations on an equal footing."
|Wednesday, March 31, 2010|
|Monday, March 22, 2010|
Europe threatens trade war over aerospace deal
Comment: "Since China overtook Germany to become the world's largest exporter, the country is facing increasing criticism for devaluating the yuan to earn artificial price advantages. Some U.S. senators have recently ratcheted up pressure on yuan appreciation and urged the government to label China as currency manipulator."If the U.S. government names China as a currency manipulator, quite unfortunately, it will hurt the bilateral relations at least in short and medium term," said Li Daokui, director of the Center for China in the World Economy of Tsinghua University."
|Sunday, March 21, 2010|
|Tuesday, February 23, 2010|
|Monday, February 22, 2010|
|Saturday, February 06, 2010|
Jobless Americans give up looking
Comment: "The exodus did halt in January, when a net total of 111,000 people re-entered the job market. But 661,000 had left in December. And the overall trend since spring has been people leaving the work force.
"It's very unusual," said Mark Zandi, chief economist at Moody's Economy.com. "At this point in the business cycle, we should be seeing some sort of labour force growth. Layoffs have abated, but there really has been no pickup in hiring."
|Tuesday, February 02, 2010|
Obama Promotes Small-Business Plan
New York Times
Comment: "Critics said the plan was misguided because community banks had sufficient capital but were not lending as much as larger banks because they had trouble finding worthy borrowers. And some Republicans criticized the plan because under current law repaid bailout money is supposed to pay down public debt.“It’s not for a piggy bank because you’re concerned about lending to small businesses and you want to get a political event when you go out and make a speech in Nashua,” Senator Judd Gregg, Republican of New Hampshire, told the White House budget director at a testy hearing in Washington. “That’s not what this money’s for. This money is to reduce the debt of our children.”
|Sunday, January 31, 2010|
|Sunday, January 17, 2010|
|Friday, January 08, 2010|
GM's Unit Saab Starts Wind-Down Process
The Iowa Channel
Comment: "On Wednesday, GM's interim CEO Ed Whitacre Jr. announced he was not optimistic about Saab's survival and that the Detroit automaker would begin closing factories later in the week -- despite a recent offer from Dutch exotic automaker Spyker Cars."
|Thursday, January 07, 2010|
Pelosi, Obama officials to travel to Detroit for auto show, learn more about industry
Comment: "Lawmakers frequently visit the auto show but organizers said they received more interest from Washington this year, only months after the government steered General Motors Co. and Chrysler LLC through bankruptcy helped by billions in federal aid. GMAC, a key lender to GM and Chrysler dealers and customers, recently received its third taxpayer-funded bailout."This year we were swamped with additional requests," said Doug Fox, the auto show's chairman. Fox said the auto show created a separate grey-coloured credential because of the large demand from lawmakers and administration officials, distinguishing them from credentials issued to journalists, auto dealers and car company employees and executives."
|Wednesday, January 06, 2010|
|Monday, January 04, 2010|
U.S. Growth Prospects Deemed Bleak in New Decade
Comment: "Speaking at American Economic Association's mammoth yearly gathering, experts from a range of political leanings were in surprising agreement when it came to the chances for a robust and sustained expansion:
They are slim.Many predicted U.S. gross domestic product would expand less than 2% per year over the next 10 years. That stands in sharp contrast to the immediate aftermath of other steep economic downturns, which have usually elicited a growth surge in their wake."
|Saturday, January 02, 2010|
EU Extends Anti-Dumping Tariffs
Comment: "The European Union, ignoring an earlier vote by an EU trade panel to abolish the duties, extended on Tuesday anti-dumping tariffs on leather shoes made in China and Vietnam for another 15 months."
|Saturday, December 12, 2009|
|Sunday, December 06, 2009|
Chinese wind power companies target foreign markets to profit from climate efforts
MSN Money Canada
Comment: "China's market for wind equipment is on track to overtake the U.S. this year as the world's largest, spurred by a government campaign to promote renewable energy to clean up its battered environment and curb surging demand for foreign oil and gas.Now the biggest Chinese manufacturers want to expand to the United States, Europe and other markets. Western suppliers could face new competition as low-priced Chinese rivals seek to profit from global efforts to limit climate change." -- So much for the "green jobs" boost
|Tuesday, December 01, 2009|
|Saturday, November 07, 2009|
|Monday, November 02, 2009|
|Wednesday, October 28, 2009|
|Saturday, October 24, 2009|
|Thursday, February 19, 2009|
|Thursday, December 25, 2008|
|Monday, December 15, 2008|
|Saturday, December 13, 2008|
|Friday, December 12, 2008|
|Tuesday, December 09, 2008|
|Monday, December 01, 2008|
|Wednesday, November 19, 2008|
|Tuesday, November 18, 2008|
|Saturday, November 01, 2008|
|Monday, October 06, 2008|
|Sunday, September 21, 2008|
|Saturday, September 20, 2008|
|Tuesday, September 16, 2008|
|Monday, September 08, 2008|
|Wednesday, August 27, 2008|
|Tuesday, August 26, 2008|
|Monday, August 25, 2008|
|Saturday, August 23, 2008|
|Monday, August 18, 2008|
|Saturday, August 16, 2008|
|Thursday, August 14, 2008|
|Sunday, August 03, 2008|
|Monday, July 28, 2008|
|Sunday, July 27, 2008|
|Saturday, July 26, 2008|
|Saturday, July 19, 2008|
U.S. hybrids rely on Asian battery power
Comment: "That gap concerns U.S. automakers, which often have to shop Asian manufacturers for the most expensive parts of today's hybrids and their first generation of plug-in vehicles. The batteries for General Motors Corp.'s Chevrolet Volt will be made in either South Korea or China, depending on which supplier is chosen, and likely will cost more than $10,000 per vehicle."One of the reasons for having hybrids is to reduce dependence on foreign oil," said Sherif Marakby, Ford Motor Co.'s chief engineer of hybrid core engineering. "You don't want to substitute dependence on foreign oil with dependence on foreign materials for lithium-ion batteries."
|Saturday, July 12, 2008|
Asian companies gearing up for overseas buying spree
Comment: “Global expansion is now a long-term strategy for Chinese companies and it shows how far the country has come. Only four years ago, most cross-border M&A activities in China were inbound acquisitions by multinational companies from the US and Europe,” said Brian Gu, head of JP Morgan’s Greater China M&A practice."
|Friday, June 20, 2008|
|Wednesday, June 11, 2008|
|Wednesday, June 04, 2008|
Kimball closes its doors (972)
Hibbing Daily Tribune
Comment: "Fena also said she doesn’t doubt that the company deems their decision as the right one. She’s not optimistic that the company will succeed in its attempts to replicate the quality and service that was provided at the Hibbing site.“You can’t just take a group of people and say, 'Here, go build this,’” she said. “We had something here that you can’t just build overnight. It took us 34 years to build what was here.“You can’t take it and place it somewhere else, and think you’re going to have the same success in six months; it doesn’t happen.”
|Thursday, May 15, 2008|
Nissan lowers U.S. sales forecast due to economy
SignOn San Diego
Comment: "Dominique Thormann, senior vice president for administration and finance at Nissan North America, said Thursday that the company has lowered its industry forecast from 15.5 million vehicles to 15.2 million vehicles for its fiscal year, which began April 1 and will end March 31, 2009."
|Tuesday, April 15, 2008|
Stores shutting down as shoppers cut back / Retail bankruptcies spreading from midsize chains to bigger national firms
San Francisco Chronicle
Comment: "You have the makings of a wave of significant bankruptcies," said Al Koch, who helped bring Kmart out of bankruptcy in 2003 as the company's interim chief financial officer and works at a corporate turnaround firm, AlixPartners.The cash-strapped chains are also leaving behind tens of millions of dollars in unpaid bills to shipping companies, furniture manufacturers, mall owners and advertising agencies. Many are unlikely to be paid in full, spreading the economic pain."
|Wednesday, March 19, 2008|
Yellig Auto Radio closing its doors
Comment: "The Yellig family also found they could no longer afford to pay for employee health insurance, he said. And changes in the stereo industry have made it difficult to compete against large companies.
Stereo makers now often refrain from selling parts and schematics to independent stores, a policy that forces customers to send broken equipment back to the factory for repairs."
|Thursday, March 13, 2008|
Dollar dive against yen dents exporters' profits
Comment: "Sony, more than 70 percent of whose sales are made overseas, said a ¥1 rise against the dollar slices ¥6 billion off its operating profit.The electronics giant cut its operating profit forecast to ¥410 billion at the end of January from an earlier projection of ¥450 billion for the current business year."
|Tuesday, January 29, 2008|
Auto parts firm lays off 51 in Newport News
Hampton Roads Daily Press
Comment: "The layoffs come on the heels of a change in ownership of the Newport News plant. Germany-based Continental acquired the facility in December from fellow German company, Siemens AG, as part of a $16.7 billion deal that included 17 other North American production facilities.At the time, the company said no layoffs were expected in Newport News as a result of the sale. Nonetheless, a former Siemens and Continental spokesman said, "I hesitate to say anything about layoffs because the industry as a whole is going through some rough times."
|Tuesday, January 22, 2008|
|Wednesday, January 02, 2008|
|Tuesday, January 01, 2008|
|Sunday, December 09, 2007|
|Saturday, December 01, 2007|
|Friday, November 30, 2007|
GM to buy more high-value car parts in China
Comment: "GM, one of the world's top two auto makers, will increase its procurement spending in China by 25 percent a year in the period 2005-2010, a senior executive said on Friday.Bo Andersson, group vice president in charge of GM's global purchasing and supplier chain, declined to give a dollar total for the plastics, electronics parts, aluminum wheels and other components that GM buys in China.Andersson said the local industry was increasingly producing higher value-added parts that GM now procures elsewhere."
|Saturday, September 15, 2007|
Electronics plant to close
Comment: "The loss of Sanmina-SCI and Intel are more evidence of the seismic shift in the nation’s manufacturing and technology base; thousands of decentpaying jobs are being shipped to other countries where labor and man- ufacturing costs are cheaper.
“It’s not totally surprising to us that this is happening,” said David White, Colorado Springs Economic Development Corp. marketing vice president. “These companies have to compete on a global basis. They have to keep their costs down. If they can’t keep their costs down, they can’t stay in business.”
|Friday, September 14, 2007|
|Sunday, August 26, 2007|
China pays a high price for Americas T-shirts
Comment: "The authorities discovered a pipe buried underneath the factory floor that was dumping roughly 22,000 tonnes of water contaminated from its dyeing operations each day into a nearby river, according to local environ-mental-protection officials.In the two decades since US companies began turning to Chinese factories to churn out the inexpensive Tshirts, jeans and shoes that millions of Americans wear daily, China’s air, land and water have paid a heavy price."
|Wednesday, August 15, 2007|
China's Lead Problems Go Beyond Toys
AP via Galveston County Daily News
Comment: "Beijing has prohibited leaded gasoline in recent years and has tightened standards for other goods. But enforcement is spotty, and lead is still so common that researchers say up to one-fifth of Chinese children tested had unsafe levels in their blood.'
9.5 Million Mattel Toys Recalled in U.S.
Comment: "The U.S. recall includes 7.3 million Polly Pocket dolls and accessories with magnets, 1 million Doggie Day Care magnetic toys, 683,000 Barbie and Tanner magnetic toys, and 345,000 Batman and One Piece play sets.About 253,000 Pixar Sarge die-cast toy cars with lead paint were also recalled. Lead has been linked to health problems in children, including brain damage."
|Saturday, August 11, 2007|
|Saturday, August 04, 2007|
Is made-in-China label a victim of paid scandals?
Comment: "China — on course to become the world’s second-largest consumer market by 2015 — offers local players an escape hatch: a massive and rapidly expanding domestic market.Staking out home markets before going global is a well-trodden path. Samsung grew from selling fish and fruit in the 1930s into the global conglomerate it is today. Lenovo controls its home market, as do firms in other sectors from brewery CR Snow to Mengniu Dairy."
|Saturday, July 14, 2007|
American innovators beware (By Dana Rohrabacher)
Comment: "The American patent system, although rarely recognized for the role that it plays, has been a tremendous factor in the success of our country. It made possible the technological lead that has given us the edge over competitors and enemies. Yet, there are powerful forces, especially in the electronics industry, that would dramatically change, if not destroy, the patent system that has served us so well for over 200 years."
Kimball's China plant operating
Comment: "Kimball Electronics Group, a division of Jasper, Ind.-based Kimball International, began production this week at a new electronics plant in China.
The Nanjing, China, plant, which has been undergoing operational testing for the last several months, will initially make motor controls for an industrial customer in the air conditioning and commercial refrigeration industry. The facility is expected to produce 360,000 of the units per year."
|Sunday, July 01, 2007|
Workers at Six Delphi Plants OK Pact
Bucks County Courier Times
Comment: "Hurren said the tally at the Saginaw steering plant was big enough to counter the no vote in Lockport, N.Y., where 80 percent of the 1,382 workers who cast ballots rejected the agreement. He predicted the deal would be approved when the totals were released."There's a few disgruntled people out there, but they're not living in the real world," said Hurren, who believes the agreement is good for the workers, because it preserves jobs and offers numerous benefits for workers who would see their wages cut."
|Tuesday, June 19, 2007|
Visteon to close its door in Bedford
Comment: "It was highly emotional over there (Friday)," said Sophia Frazier of Heltonville, who has worked at Visteon a dozen years. "People were crying and wondering how to make their house payments."
|Sunday, June 17, 2007|
High-tech products nearly 30% of China's foreign trade
Comment: "China's export and import of new- and high-tech products amounted to 232.5 billion U.S. dollars, or 29 percent of the nation's total foreign trade, in the first five months of this year, according to latest data provided by the Ministry of Commerce.
The trade volume was 20.2 percent higher than the same period of last year, ministry sources said."
|Saturday, June 16, 2007|
U.S. tightens dual-use exports to China
Comment: "The new regulation, which is scheduled to take effect next week, will also create a new category for authorized Chinese customers that will cut down on the paperwork they face to purchase high-tech products from the United States.'This new rule strikes the right balance in our complex relationship with China,' Commerce Secretary Carlos Gutierrez said in a statement. 'The steps we are taking today are good for national security and for American exporters and jobs."
|Friday, June 08, 2007|
Sanctions vs. China to aid U.S. paper industry
Arizona Daily Star
Comment: "We've had to shut down machines and lay off people because people are dumping product way below their costs," said Mark Suwyn, chairman and CEO of NewPage. He said the Chinese were selling paper at up to 25 percent less than the price NewPage could offer. Suwyn expects the tariffs would make NewPage more price-competitive, enabling him to step up production and hire more workers. The company has shut down a paper machine at its Luke, Md., plant, eliminating 130 of 1,100 jobs, and idled a machine at its mill in Rumford, Maine."
|Sunday, May 20, 2007|
|Tuesday, April 17, 2007|
Challenges Remain for China Automakers
Comment: "China's domestic automakers are just not ready to meet safety and environmental standards in the U.S. and Europe, let alone to finance the service and sales networks they'd need to break into those already overcrowded markets, analysts say."It's still too early to seriously consider China as a competitive rival to Japan and U.S. in the auto sector," says Zhang Xin, an industry analyst at Guotai Jun'an Securities' Beijing office. "They lack the capability to reach those ambitions," he said."
|Saturday, April 14, 2007|
|Tuesday, April 10, 2007|
US-Korea Trade Deal Still Faces Hurdles
Yale Global Online
Comment: "the deal is narrower than the countries planned when they began formal talks. South Korea excluded large swaths of its agricultural production, led by rice, its biggest crop. That means Koreans likely will continue having to pay about four times as much for rice as Chinese pay. Other food quotas will be reduced slowly: South Korea's 40% tariff on beef will phase out over 15 years – though right now South Korea accepts no imports of U.S. beef after a case of mad-cow disease was found in the U.S. in late 2003."
|Saturday, April 07, 2007|
|Wednesday, April 04, 2007|
New China tariffs: Are U.S. consumers at risk?
Comment: "Almost every toy sold in the United States is imported from China. 70 percent of shoes imported are from China. We import 70 to 75 percent of clothing, and 20 percent of that is from China," he said. "With consumer electronics, housewares, furniture, China is either the principle supplier to American retailers or one of the top suppliers."
|Monday, March 26, 2007|
Unions struggle with auto industry cuts
Comment: "The auto market is getting beat up," said Jim Clark, president of the International Union of Electronics Workers/Communications Workers of America. The union represents most workers at auto-parts supplier Delphi Corp., which is reorganizing under bankruptcy protection. "It's the loss of jobs that creates the loss (of members)."Alice Sanders, 50, took a buyout from Delphi in October after 10 years and received $140,000 in separation pay. She had no pension or health benefits, and eventually got a union job at Behr Thermal Products in Dayton at $10.90 an hour."It's going to be a lot harder," Sanders said. "The unions aren't what they - they can't do what they used to do. If you're a regular worker with union backing, I don't feel it's any different (than being nonunion)."
|Thursday, March 22, 2007|
Hitachi to Close Mexico Plant, Shed Jobs
AP via Forbes.com
Comment: "Japanese electronics maker Hitachi Ltd. said Thursday it will close a factory in Mexico and shed about 4,400 jobs as part of a global overhaul of its slumping hard disk drive business."
|Monday, February 26, 2007|
|Sunday, February 25, 2007|
Globalization action could hobble U.S. economic growth
The Desert Sun
Comment: "As part of the fading bi-partisanship honeymoon, however, much of the contention between the two major parties will be the disparate interpretation of globalization, its impact on America's future, and the good and welfare of the American people."
|Monday, January 15, 2007|
|Tuesday, December 26, 2006|
An Economy of Extremes
New York Times
Comment: "There is one crucial weakness to all the forecasts, however. Part way through the bust of perhaps the strongest housing boom on record, the American economy is in uncharted territory.
Nobody has ever seen how a situation like this unwinds. Allen Sinai, president and chief global economist at Decision Economics, observed that past housing-induced recessions were characterized by rising interest rates and tight credit, conditions that do not apply in these days of still cheap, easy money."
|Saturday, November 18, 2006|
CAFTA brings new era for Central America
Comment: "Taiwan has free trade agreements with Panama, Guatemala and Nicaragua. In addition, Central America has the DR-CAFTA free trade agreement with the United States, which gives Taiwan firms entry into the booming market of the world's biggest economy. DR-CAFTA is the Central American Free Trade Agreement with the United States. Just effective in 2006, it means business is ready for exploration. The CAFTA countries have global standards. Globalization means that Taiwan companies can use Central America as a global base."
|Saturday, November 11, 2006|
Eaton to shut 1 plant
Comment: "Industrial parts manufacturer Eaton Corp. has announced tentative plans to consolidate operations at two Michigan plants, closing one of them and moving up to 190 jobs to Mexico.
The Cleveland-based company notified the roughly 550 employees at the two plants of the plan Thursday. It involves closing one plant in Jackson County's Blackman Township and moving its manufacturing lines to another plant in Jackson, and other facilities in the United States and Mexico. The plants make aerospace hydraulic systems and components, and as many as 190 hourly and salaried workers in both plants would lose their jobs if the plan is approved."
|Monday, November 06, 2006|
|Wednesday, November 01, 2006|
U.S. says Malaysia free-trade talks going well
Comment: "Malaysia is barred from a potential $250 billion in U.S. government procurement of goods and services until it further opens up its own procedures, which Kula Lumpur uses to help ethnic Malay businesses under affirmative-action policies."
|Tuesday, October 17, 2006|
|Sunday, October 08, 2006|
Fallout continues as workers look to future
Dayton Daily News
Comment: "This past week, Alice Sanders clocked out of work for the last time at Delphi Corp.'s Moraine automotive compressors plant, having accepted a $140,000 buyout as part of the company's voluntary separation program to reduce its work force. Parting with the other production employees she had worked with for 10 years was the toughest part, other than the indecision about what to do next, Sanders said."
|Thursday, October 05, 2006|
|Tuesday, September 26, 2006|
1,400 more at Delphi take buyouts; 70 percent of workers leaving
Comment: "The buyouts of up to $140,000 per worker are another victory for current members of the UAW but another loss for the future of the union and organized labor as a whole as union membership continues to dwindle. The UAW had 1.2 million members 20 years ago; it now has less than 600,000. Twenty percent of the nation's work force was unionized in 1983. By 2005, union membership had dropped to 12.5 percent of the work force, according to the federal Bureau of Labor Statistics."
|Friday, September 22, 2006|
|Wednesday, September 20, 2006|
The Importance of Manufacturing
U.S. Representative - Kentucky
Comment: "Most importantly, manufacturing jobs are good jobs. In Kentucky, the average annual salary was $32,924 in 2004. The average annual salary for a manufacturing worker was nearly $10,000 higher at $43,246. Gateway estimates that the average annual salary for a manufacturing engineering technician in the Northern Kentucky/Greater Cincinnati area is $49,708.
Nationwide, nearly 84% of all manufacturing jobs provide health benefits, a critical asset to raising a healthy family. Being able to own a home, raise a family and save for the future are all contingent upon having a stable job. Manufacturing jobs provide financial and personal security."
|Sunday, September 10, 2006|
|Saturday, September 02, 2006|
|Sunday, July 23, 2006|
Vietnam is busily retooling its economy
Comment: "Hanoi Textile and Garment, known as Hanosimex, has installed new machinery in its spinning and knitting factories and begun retraining its sales staff. It is predicting sharp increases in exports. Already, slightly more than half of what the company produces is shipped abroad, with nearly two-thirds of the exports bound for the United States."
|Thursday, June 15, 2006|
|Monday, June 12, 2006|
Transparency Missing in Free Trade Deal With US
Inter Press Service
Comment: ‘'They (the US negotiators) want not only market access but also laws that promote and protect their interests in this country in a legally binding manner,'' said Charles Santiago, coordinator of the Monitoring Sustainability of Globalisation (MSN) group."
|Saturday, June 10, 2006|
US to revise laws to boost high-tech trade with China
Comment: "A recent study by the RAND corporation, a US non-profit institution, said China wanted to strengthen its military capabilities by acquiring advanced, dual-use technologies and incorporating them into defense systems, noting that Beijing's military budget has risen faster than its overall economy."
|Friday, June 09, 2006|
Can You Really Buy An American PC?
Comment: "But you can buy a computer that was made in the USA. Last month, Gateway announced that they are in the process of opening a manufacturing plant in Nashville, Tennessee. The factory is expected to open in October and employ over 300 people. They will have to compete for workers with Dell, who has been manufacturing in Nashville since 1999 and recently announced a 1,000-person expansion of the plant."
|Thursday, June 08, 2006|
China Cabinet OKs draft anti-monopoly law
Comment: "Although the law may help open some markets wider to outside competition, it also would help prevent foreign companies from acquiring "more and more Chinese firms" and help safeguard national economic security, it said. It pointed to high concentrations of foreign investments in several major industries, such as electronics, auto and chemical manufacturing."
Motorola Inc. to Invest $100M in India
AP via Yahoo!
Comment: "Motorola Inc. will invest $100 million to build a handset and telecom equipment plant in India in a move aimed at countering rival Nokia Corp.'s dominance in the Indian market."
|Wednesday, June 07, 2006|
Hooker Furniture to Close Roanoke, Virginia Plant
Business Wire via Forbes.com
Comment: "The 265,000 square foot plant, one of two remaining wood furniture manufacturing facilities operated by Hooker in Virginia, employs approximately 275 employees, representing 20% of the Company's total workforce, and produces home office and home entertainment furniture."
|Sunday, June 04, 2006|
Textile woes persist, but tech bounces back
Comment: "Automotive jobs are stagnant. The state gained large numbers of automotive-related jobs in the 1990s with the opening of BMW and its supplier plants. But few auto jobs have been added since 2000 because of the pressures of automation, foreign competition, the loss of Mack Trucks in Winnsboro and the state’s inability to land a new automobile assembly plant."
A LOOK AT THE BOOKS: How GM juggled millions GM's road may get rougher
The Detroit Free Press
Comment: "Setech agreed to temporarily buy $145 million of Delphi's excess inventory, then sell the material back to Delphi later, according to the suit. That allowed Delphi to show on its books that it was shedding inventory and bringing in revenue. In reality, the lawsuit alleges, the tactics were a sham designed to mislead investors. A witness in the suit, an unidentified former senior manager at Delphi, told lawyers: "This was a backroom deal. I told Setech, 'You buy this stuff, get it off my books, and I will buy it back from you.' "
|Thursday, June 01, 2006|
'05 crash doomed textiles company
Austin American Statesman
Comment: "Avondale Mills, which is based in Monroe, said it will close most of its 17 textiles plants by July 31. A few plants might be sold, but most of the company's 4,000 workers, including about 500 in Georgia, are likely to lose their jobs.
They are jobs that some families laid claim to for generations, working for a company that traces its roots to 1845, the year Florida and Texas became states. Avondale Mills, controlled by the Felker family, grew to become one of the nation's largest makers of denim and khaki. It posted sales of $569.2 million in the most recent fiscal year."
|Wednesday, May 24, 2006|
|Tuesday, May 16, 2006|
China's Next Big Export Product: Automobiles
Comment: "Americans are buying millions of dollars of cheap clothes and consumer electronics imported from China, creating a huge trade deficit. That deficit might soon be getting bigger as the Chinese turn toward exporting more high-priced goods. Will Chinese cars soon be seen in American garages? Alex Chadwick talks with Automobile magazine columnist Jamie Kitman about the emerging Chinese car industry."
|Wednesday, May 10, 2006|
|Friday, April 28, 2006|
Factory to close; 200 jobs gone
Comment: "Reached in Asia yesterday, Ray Sharpe, Isola's CEO, said that in his business, U.S. factories can't compete. Isola specializes in making electronics components, and most of that business has moved to Asia, he said. "It's like everything else; it's being made in China," Sharpe said."
|Tuesday, April 11, 2006|
|Saturday, April 08, 2006|
|Saturday, April 01, 2006|
|Thursday, March 30, 2006|
VW plans to increase Chinese car part exports
Comment: "Volkswagen is planning to sign contracts to export $1bn of Chinese car parts by the end of this year, providing a big boost to the country's export plans and increasing the pressure on the carmaker's threatened German component factories."
|Wednesday, March 29, 2006|
|Monday, March 06, 2006|
|Thursday, February 23, 2006|
Intel to build chip plant in Vietnam
Comment: "The plant is expected to be built at Saigon Hi-Tech Park in Ho Chi Minh City, Vietnam's commercial center, and output would be for export, government officials have said."
|Saturday, January 21, 2006|
Sony to close Calif. factory, ax 400 jobs
AP via Seattle Post Intelligencer
Comment: "Sony will continue making CRT televisions. The glass tubes will be produced at plants in Singapore and China, Clancy said. Televisions sold in the United States will still be assembled in Mexico."
|Friday, January 13, 2006|
China's Largest Manufacturers in the Semiconductor Industry Account for $22.5 Billion
Business Wire via Yahoo!
Comment: "According to the China Semiconductor Industry Association, there were about 50 wafer manufacturers, 102 IC packaging and IC assembly factories, and 457 IC design houses by the end of 2004. The output value of China's semiconductor industry was 36.4 billion Yuan (about $4.4 billion) in 2004, among which, packaging accounted for over 50%, wafer manufacturing took 30%, and IC design under 20%. The domestic market scale of China's semiconductor industry was over $30 billion in 2004, $22.5 billion of which belonged to the 20 major manufacturers."
|Monday, December 12, 2005|
China overtakes U.S. as high-tech supplier
International Herald Tribune
Comment: "Some analysts say they believe that Chinese technology exports would have overtaken the United States much earlier without restrictions applied by Western countries to China on the transfer of so-called dual-use technologies - which can be used for both civilian and military ends - to China after the 1989 Tiananmen crackdown. "Without this trade barrier, China's information technology industry would have grown much faster," said Li Hui, head of China research for Investment Bank CLSA Asia-Pacific Markets."
|Sunday, December 11, 2005|
Delphi's fate a glimpse at manufacturing future
Des Moines Business Record
Comment: "When identical auto parts are made in China or India, where labor costs are $1 an hour, it’s impossible for Delphi to compete. Of course, Delphi could modernize its plants and purchase more productive equipment, eliminating 50 percent of its workforce. However, because the unions require Delphi to pay every furloughed worker 95 percent of ordinary wages, management has no incentive to invest in modern equipment. Delphi’s only course of action was to declare bankruptcy."
|Monday, November 28, 2005|
|Saturday, November 05, 2005|
Lawmaker Trying to Help Delphi
River Bend Telegraph
Comment: "The legislation could be helpful, but Congress and the president must lead any strategy to make U.S. manufacturers more competitive with foreign rivals, said Walter McManus, a former auto industry economist who is director of the University of Michigan's Office for the Study of Automotive Transportation. "The problems are much bigger than one state or even one company can handle," McManus said Thursday. "For us to compete in the Midwest, this needs to be addressed nationally."
|Friday, November 04, 2005|
Delphi may close Oak Creek plant
New Mexico Business Weekly
Comment: "One of Delphi Corp.'s two plants in Oak Creek is being targeted for closure, jeopardizing the jobs of about 900 employees, according to a confidential memo obtained by the Detroit News."
|Tuesday, November 01, 2005|
made in China
Comment: "IT'S BIG IN TEXTILES. IT'S BIG IN ELECTRONICS. And China is rapidly becoming a major player in the automotive industry, a development that has enormous implications for automakers around the world. Automotive supply chains and distribution networks will inevitably undergo sizable shifts as China ramps up production of both automotive parts and finished cars"
|Sunday, October 30, 2005|
Layoffs planned as Lattice continues to lose money
Business First of Buffalo
Comment: "Lattice Semiconductor Corp., which lost more money in the third quarter of 2005 than it did in the same period last year, is planning to lay off 12 percent to 14 percent of its 1,000-member work force in the next three months."
|Monday, October 24, 2005|
CEO sees Delphi shrinking by a fifth - paper
Comment: "Twenty percent is a good ballpark number," industry paper Automotive News quoted Miller as saying in an interview last week, adding that the United Auto Workers and other unions could have a say in how much Delphi shrinks in the United States. Cutting its business by a fifth would mean Delphi will shed plants and lines of business with revenue totaling about $5 billion before it leaves Chapter 11 protection some time in 2007, the paper said."
|Sunday, October 23, 2005|
|Thursday, October 20, 2005|
|Wednesday, October 19, 2005|
|Tuesday, October 18, 2005|
Trade deals fall short of pledge
Dowagiac Daily News
Comment: "An estimated 300,000 to 450,000 manufacturing workers lose their jobs every year to foreign competition, yet in 2003, only 204,000 workers were certified eligible for trade assistance by the Labor Department, according to a Government Accountability Office investigation. And even less, about 47,000, actually received retraining assistance, said the GAO, Congress' investigative unit."
|Thursday, October 13, 2005|
|Thursday, September 22, 2005|
|Sunday, September 18, 2005|
|Thursday, September 15, 2005|
|Friday, September 09, 2005|
|Monday, August 29, 2005|
Honeywell workers face layoffs, others reapplying
The Business Review Albany
Comment: "A number of U.S. manufacturing andelectronic firms have shifted commercial production jobs to cheaper foreign labor markets in recent years, especially Asia. In July, Honeywell announced it was expanding its Asian electronics manufacturing presence in Korea. Having existing workers and managers reapply for jobs within their company is increasingly common among American companies restructuring operations and expanding overseas while contracting in the U.S."
|Wednesday, August 03, 2005|
|Tuesday, August 02, 2005|
Factories Hum; We All Work for GM Now
Comment: "The initiatives paid off. Based on a monthly survey of manufacturers, it appears the auto industry was instrumental in halting the loss of momentum in manufacturing, says Norbert Ore, chairman of the Institute for Supply Management's Manufacturing Business Survey Committee and group director, strategic sourcing and procurement, Georgia-Pacific Corp."
|Sunday, July 24, 2005|
|Friday, July 22, 2005|
China currency revaluation a mixed bag for the Valley
Comment: "At the end of the day, tech companies may have to eat the floating yuan,'' said Dan Hutcheson, chief executive of Santa Clara's VLSI Research. ``By linking the yuan to a basket of currencies, China becomes more global, and it should make things more stable. But does it stop the outflow of jobs to China? Probably not."
|Saturday, July 09, 2005|
Europe to Test-Drive Chinese SUV
Comment: "The dealers call impatiently from France, from Italy, from Moldova. They have heard that a Chinese-made automobile, the first to land in Europe, is a third cheaper than anything on the market. When will the ship arrive?
With each call, Peter Bijvelds swells with vindication. On this continent defined by BMW, Renault and Mercedes, he has bet that he can interest Europeans in the Landwind, a sport-utility vehicle made in China at a factory owned by the Communist Party government. The first 200 vehicles reached the Belgian port of Antwerp on July 4. He has already sold the lot, plus 100 more."
|Wednesday, July 06, 2005|
|Monday, July 04, 2005|
|Saturday, June 18, 2005|
Solectron to close Lincoln plant, cut 200-plus jobs
Sacramento Business Journal
Comment: "The drops in workload at Solectron's Lincoln site have run parallel with the downsizing of the tech manufacturing industry in California and other states. Much of the manufacturing work has been shipped to lower-cost Asian countries. Local computer manufacturing vendors like Solectron's Lincoln unit didn't get bigger as had been predicted. Instead, its workload and employee base shrank."
|Tuesday, June 14, 2005|
Dollar lifts Japan export stocks
Comment: "Tokyo stocks rose to a two-month high Tuesday, lifted by automakers and other exporter issues as the dollar gained against the yen."
|Sunday, June 12, 2005|
|Saturday, June 04, 2005|
|Saturday, May 28, 2005|
Sen. Dole will vote 'yes' on CAFTA
Comment: "But that is a minority view in the textile industry, said Auggie Tantillo, president of the American Manufacturing Trade Action Coalition (AMTAC), which represents about 150 companies in the U.S. textile and apparel industry.
CAFTA, he said, "will pit workers in North Carolina who make $14 to $15 an hour and have a health-care package and pension program against (Central American) workers who make 80 cents an hour and are working in an environment where there are virtually no labor, health or environmental standards. ... It's illogical (to suggest) that U.S. jobs and factories are not going to migrate to these low-cost free-trade partners."
|Sunday, May 15, 2005|
|Monday, May 09, 2005|
|Monday, May 02, 2005|
|Friday, April 29, 2005|
|Thursday, March 31, 2005|
More Upstate jobs are lost
Comment: "The 275 Upstate workers who lost their jobs at Kemet this week will face a local economy that is producing few comparable manufacturing jobs. The mass layoff announced by Simpsonville-based Kemet is consistent with the steady erosion of this nation's industrial job base. Manufacturing is in the midst of a 5-year tailspin marked by net job loss, an inability to compete with cheaper imports, outsourcing and technology gains that have made U.S. factories more efficient and less labor intensive."
|Monday, March 21, 2005|
Beware of China
Comment: "China can be a bully. China can spend, it can hire and dictate wages, it can throw old-line competitors out of work. In just a three-year period from 2000 to late 2003, for example, China's exports to the U.S. of wooden bedroom furniture climbed from $360 million to nearly $1.2 billion. During that time, the work force at America's wooden-furniture factories dropped by 35,000, or one of every three workers in the trade. China now makes 40% of all furniture sold in the U.S., and that number is sure to climb."
|Wednesday, March 16, 2005|
Tyco To Close Illinois Plants
CBS 2 Chicago
Comment: "Tyco Electronics said Tuesday it plans to close its factory in this northwest Illinois town and shift production to Mexico, costing more than 200 workers their jobs."
|Saturday, March 12, 2005|
|Friday, March 11, 2005|
Asian central banks fret over weak dollar
World Peace Herald
Comment: "Asian central banks have been buying up dollars this week to weaken their currencies against the greenback on growing concerns that a weak dollar will hurt their competitiveness in global market. But while currency market intervention may succeed in strengthening the dollar in the short term, the trend for Asian currencies remains upward and impossible to fight."
|Tuesday, March 01, 2005|
State's factory jobs in danger
San Jose Mercury News
Comment: "About 1 million manufacturing jobs in California are at risk of ending up in other states or other countries unless government and business start taking action to keep them, according to a report being released today by the Bay Area Economic Forum."
|Sunday, February 27, 2005|
|Friday, February 25, 2005|
Honey, I shrunk the dollar
Comment: "Given the number of people who have refinanced their homes with floating-rate mortgages, the falling dollar is a kind of sword of Damocles, getting closer and closer to their heads," Rothkopf said. "And with any kind of sudden market disruption — caused by anything from a terror attack to signs that a big country has gotten queasy about buying dollars — the bubble could burst in a very unpleasant way."
Why is that sword getting closer? Because global markets are realizing that we have two major vulnerabilities that this administration doesn't want to address: We are importing too much oil, so the dollar's strength is being sapped as oil prices continue to rise, and we are importing too much capital, because we are saving too little and spending too much, as both a society and a government."
|Monday, February 14, 2005|
Manufacturing jobs continue to flee Massachusetts
Boston Business Journal
Comment: "Massachusetts' nuts-and-bolts manufacturing sector continues to wither.
Nine manufacturing and distribution companies are plotting layoffs of at least 600 workers over the next several months, according to reports filed with the Massachusetts Departments of Labor and Workforce Development."
|Monday, February 07, 2005|
|Wednesday, January 26, 2005|
|Monday, January 24, 2005|
|Monday, January 17, 2005|
Research and Markets: China Tomorrow's Leader in Electronics
Business Wire via Yahoo!
Comment: "The growth of electronics equipment production in China has been widely described as the most fundamental shift in the world electronics industry. Moreover, China is the main beneficiary of the 2001-2002 crisis as its share of the world electronics production grew from 10% in 2000 to 18% in 2003 at an amazing rate of 15.4% per year over the period, ensuring a solid business activity in difficult times for international players."
|Sunday, January 16, 2005|
Do Manufacturers Need Federal Help?
New York Times
Comment: "ven if many assembly jobs go offshore, will the United States retain high-end research and engineering jobs?
A. In Delphi, we have 17,000 engineers and about 40 percent of them are offshore now. We've just added 1,500 more in Shanghai and we have electronics engineers and software engineers in India, Mexico and Poland, for example. The R.& D. work is moving rapidly, in my opinion, offshore. Congress needs to make the U.S. government's R.& D. tax credit permanent. It's amazing, to me, that they haven't."
|Wednesday, January 12, 2005|
|Tuesday, January 04, 2005|
No End in Sight to Supply of Cheap TV's
New York Times
Comment: "Conventional cathode-ray tube televisions, which are increasingly produced by low-cost makers in China and elsewhere, are now so inexpensive that few companies can build a stable business around selling them, yet many companies are still supplying the market with cheap sets, analysts said."
|Saturday, January 01, 2005|
More Chinese companies doing well in going global in 2004
Peoples Daily Online
Comment: "We can clearly perceive that Chinese companies are striving for international recognition through brands building, and acquire the market those brands held," said John Gay, an accountant with KPMG."
|Wednesday, December 15, 2004|
Falling dollar lures tourists
Comment: "It's very cheap for us to come to the U.S. to buy stuff, especially this year," says Peter, 17. He's been pricing sneakers, which he says sell for $120-$130 at home, and Levi's jeans, which fetch $90-$100. Here, he can get the shoes for $60 and the jeans for $30, he says.
The Vesterholms spent a week in Orlando before heading to South Beach for some shopping. They marveled at some U.S. prices without buying. Per Vesterholm, 45, who owns a cleaning company, says he paid $130,000 for his C-class Mercedes-Benz at home. "You can buy a Lamborghini here for that, right?" Peter asks."
|Monday, December 13, 2004|
U.S. Imposes New Curbs On Clothing Imports
Comment: "Eighteen days before the end of a 30 year-old system restricting international trade in textiles and apparel, the Bush administration is imposing new barriers on imported clothing that is likely to curtail an expected flood of Chinese imports in the first few months of next year.
The administration's measures include an embargo that will be imposed throughout the month of January on some of the clothing shipped to the United States during the final months of 2004."
|Saturday, December 11, 2004|
Arkansas jobs heading to China, company says
Comment: "Jeral Hampton, chairman of the Booneville Industrial Foundation, said Frank Rath Jr. - a member of the family that is the majority shareholder of Spang - told him that the company is competing with plants using cheaper Chinese labor, and had no choice but to do the same."
|Friday, December 10, 2004|
|Thursday, December 09, 2004|
China flexes increasing muscle for global deals
Comment: "Lenovo's acquisition of a business that iconic computer maker IBM pioneered declares China's desire for a place alongside the global corporate elite louder than ever before.
Judging from the whistles and cheers of Chinese reporters at a press conference on the deal, the new affiliation with the IBM brand should send a strong message from the government to its people."
|Thursday, December 02, 2004|
|Wednesday, December 01, 2004|
European Manufacturing Grows at Slowest Pace in 14 Months as Dollar Falls
Comment: "In Germany, Europe's biggest economy, manufacturing contracted for the first time in 15 months, with the purchasing managers index dropping to 49.9. In France, the index declined to 52.2 from 53.5 and in Italy, the third-largest economy in the euro region, manufacturing also contracted. "It's worrying that manufacturing in Germany has collapsed," said Julien Seetharamdoo, an economist at Capital Economics Ltd. in London. "The report is extremely disappointing and suggests the euro-zone recovery is now very feeble."
|Monday, November 29, 2004|
EU spells out trade threat from China
Comment: "China's active industrial policy is turning the country into a low-cost competitor in high-skill industries," said the EU's Competitiveness Report 2004. "The growth of Chinese brand-name producers exploiting these advantages will become a major challenge to established multinationals and brand owners affecting to a large extent well-positioned EU-15 companies," the report said."
|Wednesday, November 17, 2004|
|Saturday, November 13, 2004|
|Saturday, November 06, 2004|
|Friday, November 05, 2004|
Dell's dirty words: Outsourcing, proprietary
Comment: "The company plans to build another manufacturing plant in the United States soon, in order to serve U.S. and Canadian customers. It has been eyeing a location in North Carolina, which is roughly in the middle of the southern and northern tips of the populous East Coast.0
While Dell could build a plant outside the United States, logistical costs such as shipping outweigh the price of building the facility locally, Rollins has said."
|Thursday, November 04, 2004|
|Saturday, October 23, 2004|
|Saturday, October 09, 2004|
|Friday, October 08, 2004|
|Wednesday, October 06, 2004|
|Friday, October 01, 2004|
Singer Sewing Company Sold to Affiliate of Kohlberg & Company
Comment: "Singer is one of the world's leading manufacturers of consumer and artisan sewing machines. Originally founded in 1851, Singer today is a global enterprise with manufacturing operations in Brazil and China, company-owned marketing operations plus a network of independent distributors and dealers selling sewing machines and related accessories in more than 100 countries."
|Wednesday, September 29, 2004|
Agere to Cut Another 500 Jobs
AP via ABCNEWS.com
Comment: "Allentown, Pennsylvania-based Agere has exposure to the Asian market where it sells chips to phone makers such as Samsung Electronics Co. Ltd. There appears to be more inventory build-up in Asia than in other areas of the world, Kang said."
|Sunday, September 26, 2004|
Nortel leery about Chinese competition
Comment: "Owens acknowledged that Chinese companies had already moved beyond their home markets much faster than Nortel anticipated. "We see them in the United States, we see them in British Telecom," he said, alluding to recent purchases of Chinese equipment by the BT Group. "Their cost structures are low, they have smart people, they have more and more Ph.D.s and they're very dedicated."
|Saturday, September 25, 2004|
China joins top rank of global semiconductor makers
Comment: "China's largest microchip maker opened the country's most advanced semiconductor manufacturing plant on Saturday, launching China into the top ranks of the global chip-making industry. Semiconductor Manufacturing International Corp., founded in 2000 by a Taiwanese executive who spent 20 years at U.S. chip maker Texas Instruments Inc., cut the ribbon on its fifth factory at a ceremony in Beijing."
|Thursday, September 23, 2004|
NEC flat-screen plant in China kicks off, to expand
SignOn San Diego
Comment: "SVA, one of two Chinese firms making flat TV and computer screens, has fired up a $1.1 billion venture with Japan's NEC Corp. and plans to pump more than three times that amount into expansion despite signs of a glut." -- Wonder how they can afford to do this?
|Friday, September 10, 2004|
|Tuesday, September 07, 2004|
|Tuesday, August 31, 2004|
|Monday, August 30, 2004|
|Monday, August 23, 2004|
|Sunday, August 22, 2004|
Displaced workers look to health care industry for jobs
Comment: "hen large area manufacturers, Tyco Electronics, York International and Glatfelter cut jobs, many of those displaced workers considered entering the health care field, Meeker said." -- Not a lot of export opportunities in health care.
|Thursday, August 19, 2004|
China 'world's main electronics manufacturer'
Comment: "These are critical challenges for China's design engineers," Saunderson said. "Fifty eight percent of those surveyed work for companies that are planning to export their products soon, mainly to the US and Europe and those markets demand sophisticated but economical designs."
Hynix gets approval for $2b plant in China
Xinhua News Agency
Comment: "South Korea's Hynix Semiconductor Inc. won approval Wednesday from China's Wuxi city to build a US$2 billion chip plant there with top European rival STMicro electronics (ST)."
|Wednesday, August 11, 2004|
Exports lift Singapore growth
Comment: "Singapore's economy expanded by a faster-than-expected 11.9 percent annualized rate in the quarter ended June 30 as exports of manufactured goods surged, data released Tuesday showed."
|Friday, July 30, 2004|
|Tuesday, July 27, 2004|
|Thursday, July 15, 2004|
Eight of 10 DVD players will be made in China
Comment: "Industry giants like Thomson, Sony, Philips and Apex Digital are manufacturing their DVD players in China. The biggest retailers in the United States, like Wal-Mart, Target, RadioShack and Kmart have strong sourcing divisions in China, and if they don't have an office there, they definitely are going there."
|Monday, July 05, 2004|
Services sharpen edge for niche manufacturer
Business First of Buffalo
Comment: "Everyone knows -- or ought to know -- that textiles and furniture, or indeed any basic manufacturing, is not the future. For our children's sake, if not our own, we need to face reality, assess it and make the changes necessary to make globalism work for us, not against us." -- We take issue with your basic premise. Manufacturing is too important to a vital national economy to be written off so easily.
|Sunday, July 04, 2004|
|Thursday, June 17, 2004|
Mexico rattled by Modine plant closure, Asia shift
Comment: "Perhaps more worrisome for Mexico longer term, however, is that Asia is more competitive in the production of high-end, added-value manufactured goods such as the computer parts made by U.S-based Modine . . .
"The main driver wasn't labor costs. In fact, labor at our factory in Taiwan is not cheaper than our factory in Mexico," Tom Neyens, Modine's general manager for its electronics cooling group, said in an interview. "It's just that we need to be closer to our customers, and they're over there in Asia," Neyens said. "Our clients are computer companies, and that's where they're migrating."
|Tuesday, June 15, 2004|
MPC executive: Buy U.S. goods to keep high-tech jobs here
Comment: "One of the biggest trends sweeping over our industry is offshoring high-skilled, high-paid jobs," Adkins said at the Boise Metro Chamber of Commerce CEO Speaker Series. "All you have to do is drive down I-84 to prove this." Adkins pointed to the empty Jabil Circuit building and the imminent closure of the Zilog Inc. facility — high-tech businesses that are visible from I-84 in the Treasure Valley — as examples of local impact."
|Thursday, June 10, 2004|
|Wednesday, June 02, 2004|
US runs a high-tech trade gap
Christian Science Monitor
Comment: "Trade gaps have opened in scientific instruments and in specialized industrial machinery. In commercial airplanes, among the most sophisticated of machines, America remains an export powerhouse, but Europe's Airbus consortium as of this year is selling more planes than Boeing."
|Tuesday, May 25, 2004|
|Friday, May 21, 2004|
|Monday, May 17, 2004|
Chinese TV makers to act on US ruling
Peoples Daily Online
Comment: "Retailers say that Chinese televisions serve a low-end segment of the US market that domestic producers are not interested in supplying."
|Tuesday, May 11, 2004|
|Tuesday, April 27, 2004|
Motorola to announce plant expansion in China
Comment: "This is another example of Motorola's long-term commitment to China," said Daniel Shih, corporate vice president and president, Motorola China. "We are committed to establishing global production and re-search and development capabilities in China."
|Sunday, April 18, 2004|
The selling of 'China Inc.'
Comment: "Companies in China, Singapore and the Philippines are trying to catch up to what Asia's big industrialized economies, Japan and South Korea, did decades ago with brands like Toyota, Sony and Samsung, building a brand first at home and then selling it successfully overseas.
Industry experts believe China will be the emerging economy that eventually develops superbrands, cars as well known as Fords or electronics as recognizable as Panasonic."
|Thursday, April 15, 2004|
Chinese TV makers to appeal US tariffs
Peoples Daily Online
Comment: "China's government and TV-set makers plan to appeal a decision by the US Department of Commerce which set new import duties. Both manufacturers and the government are unhappy with the ruling which, in the end, sets tariffs that were not there before."
|Wednesday, April 14, 2004|
US finalizes penalties on Chinese TV imports
Comment: "The Commerce Department slapped import duties of 24.48 per cent on Sichuan Changhong, China's largest TV maker; 22.36 per cent on TCL; 11.36 per cent on Konka; and 4.35 per cent on Xiamen Overseas, said the China Chamber of Commerce for Import and Export of Machinery and Electronic Products."
|Tuesday, April 06, 2004|
|Monday, April 05, 2004|
A Small Sector Feels a Big Pinch
Comment: "Despite its small size, manufacturing has cut more local jobs than any other industry, employing 2,800 fewer people in February than a year before. That's a sharper decline, in percentage terms, than manufacturing nationwide."
|Friday, April 02, 2004|
|Monday, March 29, 2004|
|Friday, March 26, 2004|
Outsourcing damages U.S. recovery, tech industry told
Rocky Mountain News
Comment: "Dobbs, an anti-outsourcing crusader, has compiled a list of more than 200 companies that are "either sending American jobs overseas, or choosing to employ cheap overseas labor instead of American workers." He said the loss of U.S. high-tech jobs is discouraging young people from pursuing tech careers and that the evidence supporting outsourcing "is at best flawed."
|Wednesday, March 24, 2004|
High-tech: Job losses not our fault
Comment: "Unfortunately, some workers will be hurt as they lose their jobs in the short term," the report notes. "However, offshore outsourcing is in the long-term competitive interest of the United States, increasing productivity, profits and GDP (gross domestic product)."
|Sunday, March 21, 2004|
|Wednesday, March 17, 2004|
|Tuesday, March 16, 2004|
|Friday, December 19, 2003|
|Monday, December 08, 2003|
U.S. Gov’t Imposes Antidumping Penalties
Comment: "We have been preparing for this since June," said Lee Schoenfeld, sales and marketing VP for Prima Technologies, which handles sales for Advent/Jensen-branded sets produced at China's Xoceco factory, which was cited with a 31.7 percent dumping margin. "All of our Advent and Jensen CRT HDTV (27-34 inches) and future projection HDTV, will be produced in the U.S.A. We have already begun the process of prototype testing in the U.S.A. factory, and will be shipping to the mass market in May or earlier, in synch with our retailers transition plans." -- Isn't this interesting?
|Friday, December 05, 2003|
|Wednesday, December 03, 2003|
Hitachi to lay off 220
Comment: "Consumer electronics left the United States long ago, and now production is being consolidated in China," said Andy Rothman, China strategist for CSLA Emerging Markets. "There clearly is a shift to China as a major manufacturing platform for world consumption."
|Monday, December 01, 2003|
High-tech job hemorrhage not stanched, but slowing next year
San Francisco Business Times
Comment: "Electronics manufacturing accounted for more than half of the high-tech jobs lost last year. But for the first time in the seven years that AeA has prepared its Cyberstates report, the software industry declined instead of grew -- cutting 150,000 jobs last year"
|Sunday, November 30, 2003|
|Thursday, November 27, 2003|
|Wednesday, November 26, 2003|
U.S. tech services giants shifting offshore
Reuters via Yahoo
Comment: "Everyone gets a better service and a lower price and benefits," he said. "From the history of the buggy whip forward, what's new?" -- I'm so tired of this lame buggy whip analogy. No one uses buggy whips anymore but you (I hope) are wearing clothes, using a computer, and driving a car. They are still being made but just not here.
|Saturday, November 22, 2003|
|Thursday, November 20, 2003|
|Wednesday, November 19, 2003|
|Sunday, November 16, 2003|
|Friday, November 14, 2003|
Japan's Economic Growth Tops Forecast for Quarter
New York Times
Comment: "Their confidence is based on expectations that Japan's exporters will continue to find buyers for their products in markets like the United States and China." -- It's funny how the rest of the world measures progress in exports.
|Wednesday, November 05, 2003|
|Monday, November 03, 2003|
UPDATE 2-China's TCL to form global TV maker with Thomson
Comment: "The deal could help the Chinese TV maker circumvent anti-dumping issues in the United States and Europe as it pursues its ambition of becoming a global electronics brand, while giving Thomson access to China's much cheaper manufacturing base, analysts said."
|Tuesday, October 21, 2003|
Trade secrets case may collapse
Contra Costa Times
Comment: "Attorneys for the U.S. government argued Monday that San Jose-area businessmen Fei Ye and Ming Zhong tried to board a plane to China with suitcases allegedly crammed with data from technology companies. Prosecutors said the men -- both originally from China -- stole trade secrets from Sun Microsystems Inc., NEC Electronics Corp., Transmeta Corp. and Trident Microsystems Inc., and planned to start a microprocessor company with the Chinese government."
|Monday, October 20, 2003|
|Sunday, October 19, 2003|
Asia policy opportunity
Comment: TradeAlert's William Hawkins offers some helpful advice to the president on his trip to Asia: "Beijing set off the world financial crises of the 1990s, from which the world economy has not yet fully recovered, when it devalued the yuan and fixed its rate against the dollar in 1994. This act gave China an edge against its trade rivals which it has exploited ruthlessly, not only in export market shares, but in its ability to attract foreign investment to expand and deepen its industrial base."
|Thursday, October 16, 2003|
Service industry job growth highest over next decade, study says
Comment: "The perception at the time was that manufacturing jobs were all lower paying than agriculture and were in some sense a disadvantage, but clearly the move into manufacturing and industrial production raised our standard of living, gave us more goods, so on," Rufolo said." -- Here's a straightforward report on the Oregon economy. Manufacturing up, wages up, economy good. Mnaufacturing down, wages down, recession. Isn't that easy to understand?
|Tuesday, October 14, 2003|
Big Drop in Mexico's Industrial Output
Los Angeles Times
Comment: "Samsung and other multinational companies in Latin America's biggest economy want to see a pickup in demand from the U.S. — which buys about 85% of Mexican exports — before they increase production, Yoon said." -- How come moving all those factories to Mexico hasn't sparked enough demand in Mexico to sustain them. Guess the theory didn't work.
|Saturday, October 04, 2003|
|Wednesday, October 01, 2003|
|Monday, September 29, 2003|
|Thursday, September 25, 2003|
|Tuesday, September 23, 2003|
|Monday, September 22, 2003|
|Sunday, September 21, 2003|
|Saturday, September 20, 2003|
US economic news fuels exporters
Taipei Times Online
Comment: "The US economy will remain the main driving force behind Taiwan's growth," said Fam Hsieh, a fund manager at Grand Cathay Securities Trust Co" -- At least someone is doing well in this "recovery".
|Friday, September 19, 2003|
|Thursday, September 18, 2003|
India's next frontier--electronics?
Comment: "China's rise in the electronics arena has changed Indian minds, he suggested. "The government has seen what China has achieved, and they're determined to get there." The Indian government has made tax rates more reasonable and reduced red tape, Kothari said. What's more, he said, foreigners can own 100 percent of export-oriented electronics units." -- That's called an export platform folks.
|Saturday, September 13, 2003|
Workers who lose jobs may get retraining
Comment: "After a fruitless job search, Flores got 10 weeks of computer training at Texas A&M's Texas Engineering Extension Service starting in February. She landed a job as a receptionist in a physician's office soon afterward — albeit at less pay than she earned with Levi Strauss."
|Tuesday, August 19, 2003|
The rise of China Inc
Comment: "for Nypro, China represents not a threat but a huge opportunity. Nypro makes plastic products for some of the world's biggest companies, and when one of those companies moves to China, Nypro moves with them. The firm has four factories in mainland China, and business is booming. "China has been our fastest-growing market," said Al Cotton, a Nypro spokesman."
|Friday, August 15, 2003|
Thomson talks with Chinese investors
Comment: "They have come into this country trying to buy market share, like everybody else had done. They have come in with very inexpensive products," Smith said."
|Thursday, August 14, 2003|
195 losing jobs in Greenwood
The Journal Net
Comment: "Alpine Electronics Manufacturing of America is moving its Greenwood manufacturing operation to Mexico, eliminating 195 hourly and salaried jobs."
|Wednesday, August 13, 2003|
Textile executives send warning to GOP
The Augusta Chronicle
Comment: "I think Bush can forget that the South is solid for him and he stands a real chance of losing re-election," said Roger Chastain, the president of Mount Vernon Textiles, of Greenville. "We haven't targeted anybody, but let me quote Jim DeMint: 'Free trade is good for us because it creates jobs.' Well, I'll tell you where those jobs are - anywhere but here in the United States."
|Monday, August 11, 2003|
Manufacturing Forecast Looks Hazy in California
Los Angeles Times
Comment: "It's not just us," said Lawrence, the president of Lawrence Equipment. "Look around South El Monte. It used to be all small manufacturing around here. Now what have we got? Distributors selling tennis shoes from China."
|Friday, August 08, 2003|
|Wednesday, August 06, 2003|
Factories feel the heat
SignOn San Diego
Comment: "While the U.S. economic slowdown has cut into demand for electronics exports, competition from China has exacerbated the maquiladora slump. Most of the electronics operations that closed in Baja California moved to Asia, particularly China, where labor costs are one-half to one-fourth lower and the government offers relocation incentives."
|Tuesday, August 05, 2003|
The new job reality
Comment: "This has been the worst recovery we've had in terms of employment since the 1950s," says Scott Schuh, an economist at the Federal Reserve Bank of Boston."
|Sunday, August 03, 2003|
|Thursday, July 31, 2003|
|Wednesday, July 30, 2003|
White-Collar American Jobs Move Overseas
Comment: "Emmons wound up being "washed out" anyway. Last summer, he moved his family from California to Florida for the Siemens Co., makers of electronics and equipment for industries. Not long after, Emmons and 19 other programmers were replaced by cheaper foreign workers. Adding insult to injury, Emmons and the others had to train their replacements."
|Tuesday, July 29, 2003|
Phillips Electronics expands production in Shanghai
Peoples Daily Online
Comment: "Phillips officials said that the company prizes the mutually beneficial relationship it has built with Chinese cooperative partners and strives for common development in the future. Phillips expects to bring advanced sciences and technologies into China and supports China's efforts to improve its competitiveness in the semiconductor industry, said Jan Oosterveld,president of Phillips Asia businesses."
|Monday, July 28, 2003|
China's TV giant looks abroad
Comment: "Konka and several other Chinese TV makers have recently been accused by the United States of dumping their products there, in a case now playing out in Washington. "Even if the verdict is against us, we already have plans to set up joint-venture manufacturing bases in Mexico," Hong Kong Konka president Yang Guohe told Reuters in an interview at the company's headquarters in Shenzhen, which borders Hong Kong. He said the company's exports to the United States are relatively small and consist mostly of high-end products."
|Sunday, July 27, 2003|
|Saturday, July 26, 2003|
|Thursday, July 24, 2003|
|Sunday, July 20, 2003|
|Friday, July 18, 2003|
|Monday, July 14, 2003|
|Saturday, July 12, 2003|
State's jobless rate holds steady at 6.7%
Comment: "On the other hand, employment is still down in manufacturing and telecommunications. "The recovery of the tech sector is still uncertain right now," Lyons said."
|Monday, July 07, 2003|
|Sunday, July 06, 2003|
|Thursday, July 03, 2003|
Kemet to close Shelby plant
Charlotte Business Journal
Comment: "Kemet Corp. will close its 109-employee plant in Shelby as part of a broad restructuring that will eliminate 650 jobs and move most production overseas."
|Wednesday, July 02, 2003|
|Monday, June 30, 2003|
|Sunday, June 29, 2003|
|Friday, June 27, 2003|
Curing China's Economy
Comment: "Still, in the long term, no one anticipates a significant pullback from southern China: It is not merely a center for cheap labor -- a place to inexpensively stitch up brand-name sneakers and assemble laptop computers -- but also an entryway to a domestic market with potentially 1.3 billion consumers." -- When will they learn.
|Thursday, June 26, 2003|
Boeing's Rapid Descent
Comment: "Subsidies to Airbus totaled $26 billion through 1989, estimated one U.S. study. Okay, early subsidies were necessary for Airbus's survival; the Europeans didn't want to depend forever on U.S. planes. But after two decades (Airbus began in 1970) the United States should have demanded their elimination. Instead, it agreed in 1992 to permit subsidized government loans to pay for a third of the development costs of new planes. Bad move. The result is the A380, whose startup costs (at least $10.7 billion) couldn't have been financed privately. It will hurt sales of Boeing's biggest jet, the 747. "Airbus has been incredibly aggressive in discounting the A380, offering 30 percent to 40 percent off list prices," Irwin says."
|Tuesday, June 24, 2003|
Big business future looks bright with NAFTA
Comment: "People in all three countries have not seen as many benefits as their leaders said there ought to be," he said. "So far, the benefits have been concentrated at the top, while the costs have been distributed more diffusely at the bottom."
|Thursday, June 19, 2003|
|Wednesday, June 18, 2003|
U.S. Orders Tariffs on Two Asian Imports
Comment: "The Bush administration on Tuesday ruled that American catfish farmers and computer chip manufacturers were subjected to unfair foreign competition and ordered stiff tariffs on imports of Vietnamese catfish and South Korean computer chips."
Korea to take Hynix case to WTO
Comment: "In the worst case scenario, Hynix said it would beat the U.S. import duty challenge by boosting manufacturing at its American plant in Oregon and shrinking exports to America and making up for the losses by increasing shipments to other markets like Asia." -- And this is bad why?
|Tuesday, June 17, 2003|
Asian TV trade war looms in US
Comment: "The ITC found that there was "a reasonable indication" that a US industry was being materially injured by the imports. The complaint highlighted a 1,100% increase in imports of TV sets from China and Malaysia from 2000 to 2002 which it said was due to unfair pricing."
|Sunday, June 15, 2003|
Weak industries reviving?
Christian Science Monitor
Comment: "Manufacturing is a particularly important as bellwether for the economy at large. It represents bedrock activity that ripples out to create service-sector growth. "Every dollar of specific manufacturing production creates ... 76 cents in products and services from nonmanufacturing sectors"
Chips' big chill
Comment: "Beyond profits, the downturn has also cost the industry thousands of jobs as companies try to align their businesses with reduced revenues. In November 2000, the chip business in the U.S. employed 309,000, according to the Bureau of Labor Statistics. In March, that number fell to 248,000. "It's been total carnage," said Risto Puhakka, a vice president of VLSI Research, a market research firm in San Jose."
|Saturday, June 14, 2003|
State unemployment rate climbs again
Comment: "Manufacturing has been the hardest hit sector of the state economy, but it fared well in May, adding 1,200 jobs - slightly above typical seasonal gains for the month. Overall, however, manufacturing has shed 8,500 jobs in the past year since May 2002, most of it in computer and electronics products."
|Wednesday, June 11, 2003|
|Sunday, June 08, 2003|
|Friday, June 06, 2003|
Two makers of printed circuit boards to close
Comment: "The Roseville plant is Multek's last U.S. plant, Brotherton said. Multek also is closing a plant in Guadalajara, Mexico, that employs 200. Brotherton said the company will transfer some of the work to plants in China, Germany and Brazil."
|Tuesday, June 03, 2003|
|Sunday, June 01, 2003|
American workers' proficiency costs jobs in long run
Comment: "thousands of jobs have been lost to Mexico in the past decade. And whole industries, including textiles and consumer electronics, have relocated to Asia. But economists are beginning to finger the ever more productive American worker as the key culprit in manufacturing job losses."
|Friday, May 30, 2003|
|Tuesday, May 27, 2003|
|Thursday, May 22, 2003|
In Asia, The Chips Are Up - But Nobody's Sure Why
New York Post
Comment: "According to first-hand research conducted by specialist Ramberg, Whalen & Co. of Hampton, N.H., the output of computer components coming out of the Far East is nearing the all-time peak of December 2000."
|Wednesday, May 14, 2003|
Alarm sounds on county job base; critics call state harsh to business
SignOn San Diego
Comment: "Since January 2001, about 260,000 industrial jobs have disappeared in California, which represents a 14.1 percent decline in the manufacturing job base. In San Diego County, manufacturers cut 11,400 positions, or a 9.5 percent drop in industrial jobs, attributed to losses at ST Microelectronics, Teredyne, Optical Micro Machines, Toppan Electronics and Ericsson."
|Sunday, May 11, 2003|
|Monday, May 05, 2003|
In fading factory towns, community colleges try to fill the gap
Comment: "There's also the payoff - how much they'll make in their new careers. Research shows most workers earn 15 to 25 percent less over the course of the second careers. Workers can close the gap to as little a 5 percent if they finish a year of school, according to LaLonde."
|Saturday, May 03, 2003|
|Friday, May 02, 2003|
Samsung to spend $500 million on Texas chip plant
Comment: "The plant will also hire about 300 more workers, for a total of 930, over the next three years, said Sung W. Lee, president of Samsung Austin Semiconductor. The plant represents about 10 percent of the company's chip-making capacity and is the only Samsung semiconductor plant outside of South Korea." -- I suppose its just a coincidence that Samsung is investing in America . . . after we put the hammer down on Hynix.
|Monday, April 28, 2003|
|Saturday, April 26, 2003|
|Friday, April 25, 2003|
Samsung Elec to invest $500 million in U.S. chip plant
Comment: "The U.S. plant, which makes a tenth of Samsung's chips, was built after Micron and other competitors filed anti-dumping suits in the 1990s, analysts said. "Samsung has spent some $100 million annually on its sole overseas chip plant as a kind of insurance policy against possible anti-dumping duties," said Chung Chang-won, an analyst at Daewoo Securities." -- Here's a case study: Enforce trade laws, get investment and jobs in the U.S. Lawmakers, please take note.
|Thursday, April 24, 2003|
EU Puts Provisional Tax on S. Korean Chip
Comment: "This decision follows an investigation where Hynix has been found to benefit from subsidies in the form of financing provided by government-owned or -controlled Korean banks to the detriment of the European chip industry, which suffered severe losses," it said in a statement."
|Tuesday, April 22, 2003|
|Monday, April 21, 2003|
|Monday, April 14, 2003|
U.S. tech industry feels side effects of virus
Comment: "Many tech companies have factories in China because workers there earn about $180 a month. The Chinese government's growing openness has made it even more attractive to tech companies. Milpitas, Calif., component maker Maxtor, for example, started building a $200 million factory in Suzhou this month. But criticism of China's handling of SARS could cause some companies to reconsider "putting all their eggs in the Chinese basket," says Aberdeen Group analyst Peter Kastner. "It's an issue of dependability."
|Thursday, April 10, 2003|
|Tuesday, April 08, 2003|
|Monday, April 07, 2003|
South Korea moves to suspend U.S. penalties on chips
Comment: "South Korea said on Monday it would offer to cut Hynix Semiconductor Inc.'s memory chip shipments to the United States if Washington suspended steep penalties on the chipmaker." -- The guilty cutting a deal?
|Sunday, April 06, 2003|
Tech bust devastates job market
Contra Costa Times
Comment: "There are just too many good people here who ought to be working," Hartman said, looking around the room of job hunters. "We have a better pool of talent right here than you'd find at most major companies."
|Wednesday, April 02, 2003|
|Tuesday, April 01, 2003|
U.S. Agency: Hynix Unfairly Subsidized
Comment: "In a preliminary finding, the U.S. agency said a tariff of 57 percent should be imposed on imports from Hynix, the world's third largest maker of computer memory chips."
|Monday, March 31, 2003|
|Saturday, March 29, 2003|
600 San Antonians losing good-paying Sony jobs
Comment: "The San Antonio plant also has special significance because it gave Sony a chip manufacturing presence in the United States. Once the plant closes, the company won't have any chip plants here." -- Note in this story the difference in wage levels between those jobs that are going (manufacturing) and those coming in (call center).
|Friday, March 28, 2003|
' Chipmakers fear U.S., EU tariffs
Joon Ang Ilbo
Comment: "At present, semiconductors account for about 10 percent of Korea?s overall exports. More than 50 percent of those exports are to the United States and the European Union." -- Too big to fail, the Koreans subsidize chipmaking, plain and simple.
|Monday, March 24, 2003|
Jobs disappear in tech industry
Comment: "The association's Tech Employment Update, a snapshot of national employment trends compiled from U.S. Labor Department data, found that within the high-tech sector, manufacturing was hit the hardest in 2001-02, shrinking by 20.4 percent, or 415,300 jobs."
|Thursday, March 20, 2003|
Students could tap into plastics manufacturing
Comment: Here's another reason why manufacturing is good for a community. The Nissan plant in Mississippi requires skilled workers, workers who will be paid well. Polymer science beats haircuts or burger flipping.
|Wednesday, March 19, 2003|
High-Tech Sheds 236,000 More Jobs in '02
Comment: "The high-tech job losses have been concentrated in the manufacturing sector, where 435,000 positions have been eliminated during the past two years, AeA said."
|Monday, March 17, 2003|
Made in the U.S.A.?
Comment: "An "American" automobile is becoming increasingly hard to define. Even a 2003 Jeep Grand Cherokee -- which is assembled in Detroit with 86 percent of its parts coming from the United States and Canada -- brings profits for a German company, DaimlerChrysler AG."
|Friday, March 14, 2003|
|Friday, March 07, 2003|
|Thursday, March 06, 2003|
|Monday, March 03, 2003|
|Friday, February 28, 2003|
|Wednesday, February 26, 2003|
|Friday, February 21, 2003|
|Wednesday, February 19, 2003|
|Monday, February 17, 2003|
|Monday, February 10, 2003|
|Saturday, January 25, 2003|
|Thursday, January 16, 2003|
|Wednesday, January 15, 2003|
|Tuesday, January 07, 2003|
|Sunday, January 05, 2003|
Mexico's Factories Shift Gears to Survive
Los Angeles Times
Comment: "Looming largest is the challenge from China. Mexican factory workers earn an average of $1.47 an hour, and many live in shantytowns because they can't afford to rent housing. Still, those earnings are extravagant compared with those in China, whose 1.3 billion people include a huge pool of impoverished peasants willing to work for just one-third of the wages in Mexico, according to Mexico's Ministry of Economy."
|Monday, December 30, 2002|
Tooling firm may be last of its kind
Pittsburgh Business Times
Comment: "In fact, Composidie's Leading Technologies is believed to be the last remaining fully integrated lead frame manufacturer in the country — meaning the company is the only one left that has the know-how to make lead frames from scratch. And that means the United States is now heavily dependent upon foreign producers for the bulk of its lead frames, which are essential to the proper performance of a variety of electronics devices, such as missile guidance systems and defense-related weapons."
|Friday, December 27, 2002|
|Monday, December 23, 2002|
China throws weight behind homegrown computer chip
Comment: "China wants to install its own chips in sensitive military devices to retain better control, they say." -- Funny, we don't seem to have a problem with using Chinese parts in our military applications.
|Monday, December 09, 2002|
Corvis moving manufacturing out of Md
Baltimore Business Journal
Comment: "Corvis is moving all manufacturing out of state except for research and development and final assembly and testing. The move to plants in New Hampshire and possibly China is set to be complete by the second quarter next year."
|Saturday, December 07, 2002|
|Wednesday, December 04, 2002|
|Tuesday, December 03, 2002|
|Tuesday, November 26, 2002|
|Friday, November 22, 2002|
|Thursday, November 21, 2002|
|Tuesday, November 05, 2002|
|Thursday, October 31, 2002|
|Tuesday, October 29, 2002|
|Monday, October 28, 2002|
|Wednesday, October 23, 2002|
Korea to Become World¡¯s 3rd Largest Chip Supplier
Comment: The government has joined hands with the private sector to initiate a System IC (integrated circuit)-2010 Development Project, costing 265 billion won, since December 1998,?? he said.
|Wednesday, October 16, 2002|
|Friday, October 04, 2002|
|Monday, September 30, 2002|
|Tuesday, September 17, 2002|
|Thursday, September 12, 2002|
|Friday, September 06, 2002|
Tech exports down, but bright spots remain
Sacramento Business Journal
Comment: "The most dramatic increase was in Costa Rica, where several U.S. technology manufacturers have opened facilities. In the first half of this year, high-tech exports increased 78 percent, or some $250 million, over the same time last year." They say exports CREATE jobs. They just don't say WHERE.
|Sunday, September 01, 2002|
|Monday, August 12, 2002|
|Monday, July 22, 2002|
|Monday, July 08, 2002|
|Tuesday, July 02, 2002|
|Monday, July 01, 2002|
|Saturday, June 29, 2002|
|Thursday, April 11, 2002|
|Friday, March 15, 2002|
|Wednesday, March 06, 2002|
|Tuesday, February 26, 2002|
|Tuesday, February 12, 2002|
|Friday, February 08, 2002|
|Thursday, September 20, 2001|
Tech agenda now deferred in Washington
Comment: Here's some good fall-out from September 11. The revised Export Administration Act, which made it easier to sell more powerful computers to unfriendly states, will not likely pass the House in the current atmosphere. It had already passed the Senate.
|Thursday, September 06, 2001|