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NEW YORK -- Is the semiconductor industry about to turn up? One Wall Street analyst thinks so.

Wachovia analyst David Wong has upgraded the semiconductor sector to overweight from market weight, saying a recovery could come in the next quarter.

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TOKYO -- The restructuring is over for Sony's electronics group, the company confirmed today, in response to rumors of further cuts.

The electronics OEM in December announced coming layoffs of 8,000 full-time jobs and 8,000 seasonal and part-time workers.

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CONCORD, NH -- A state committee will soon contemplate a bill banning the disposal of electronics waste into landfills.

The proposed bill is expected to be introduced this month by Rep. Tara Sad, chairman of the Environment and Agriculture Committee, and would be sent to either to the House Environment and Agricultural Committee or the Science and Technology Committee, the local Union Leader newspaper reported.

Sad cited landfill capacity, the rise of corporate takeback programs and "e-waste" recycling firms, and moral obligations that would keep the US from shipping waste to third-world nations.
TAIPEI -- Hon Hai Precision today disputed reports the company will distribute Apple's iPhone in China.

Hon Hai, the official name of Foxconn, dismissed the reports as media rumor, saying big announcements would come from the company.

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NEENAH, WI -- Plexus Corp. this month will start construction on its new headquarters here, and will also begin moving into a recently acquired building in nearby Greenville.

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DALLAS -- TXP Corp. has received a default notice from a major investor claiming the EMS provider owes more than $10 million.

YA Global Investments notified TXP on Dec. 11 of the company's failure to pay a sum of more than $250,000, and claiming TXP is "unable to pay its debts generally as they come due" and of "failure to pay its debts as they come due." In the letter, YA Global demanded TXP immediately repay all of its obligations, a sum of $10.2 million as of Dec. 17, inclusive of accrued and unpaid interest.

The complaints relate to a securities purchase deal TXP and YA Global signed last spring.

TXP is in negotiations with YA Global to reach an resolution, and is seeking sources of financing in order to redeem the outstanding debt owed to YA Global and to resume operations.

SAN JOSE -- Global semiconductor sales fell almost 10% year-over-year in November to $20.8 billion, the Semiconductor Industry Association said today.

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BANNOCKBURN, IL -- The 90-day moving average of November shipments of bare PWBs fell 7% year-over-year and orders slumped 18.8%, according to the latest survey of the nation's board fabricators.

For the month, rigid shipments dropped 5.8% and bookings fell 17.3%, while flex circuit shipments dropped 22.6%  and bookings plunged 36.8%, IPC said.

Through November, rigid shipments are up 2.4%, and bookings are down 3.8%. Flex circuit shipments are up 5.8% and bookings are down 5.5% versus last year.

The monthly book-to-bill ratio slipped to 0.94. The ratios are calculated by dividing the value of orders booked over the past three months by the value of sales billed during the same period. A ratio of more than 1.0 is considered a sign of future expansion.

Rigid PWBs make up an estimated 90% of survey.About 14% of the value of the PWBs covered in the survey are imported by brokers, IPC said.

Overall, shipments are up 2.6% and bookings are down 3.9%.

IPC said in a statement it expects PWB revenues in 2008 will be flat with 2007.
MANILA, PHILIPPINES —  October imports of raw materials for electronics production -- which makes up more than one-third of the Philippines' overall annual imports -- slumped 30% year-over-year, according to the National Statistics Office.

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HONG KONG -- Wong Kong King (WKK) Technology has signed a license agreement to manufacture and sell Nihon Superior's patented lead-free alloy in China.

WKK said in a press release it will dedicate a factory in Dongguan, China, to manufacturing SN100C. The site is scheduled to be ready in April, with deliveries beginning in May.

The alloy comes in bar, paste, solid and cored wire, ribbon, preforms, spheres, and final finish forms, and has a full line of fluxes.

BEIJING -- China's government will subsidize appliance purchases by citizens in its poorer regions as part of a massive program aimed at recharging the domestic consumer electronics industry.

Under the new program, called Delivering Appliances to the Countryside, farmers will be given 13% subsidies toward the purchase of new refrigerators, washers, televisions and cellphones. The program set a goal of 480 million units sold under the program over the next four years.

China's National Bureau of Statistics estimates penetration rates of 94 color TVs, 26 refrigerators and 46 washing machines per every 100 rural households, well behind the marks of 138 color TVs, 95 refrigerators and 97 washing machines for every 100 urban households, according to published reports.

CHICAGO -- Research In Motion is asking a US court to invalidate a previous agreement with Motorola under which the firms agreed not to recruit each others' employees.

In a suit filed in a Chicago court, RIM, the world's top maker of smartphones, asserts improper and unfair competitive practices on the part of Motorola is preventing the hiring of perhaps thousands of laid-off workers. The terminated Motorola workers had signed nondisclosure agreements which in effect would make them unhirable by competitors.

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