News
SHANGHAI -- The electronics industry descended on Shanghai this week as four major
exhibitions staged a convergence of programs.
The week began March 17 with the opening of the 11th annual Electronic Circuit World Convention. This is the first time this conference has been hosted in Asia.
WASHINGTON -- A pair of provisions of the Economic Stimulus Act of 2008 signed into law
Feb. 13 by President Bush provide
significant benefit to manufacturing companies.
The new law nearly doubles the amount of deductible Code Sec. 179 expensing for 2008, to $250,000, and increases the threshold for reducing the deduction to $800,000. It applies to property purchased and put into service in the tax year beginning in 2008. This would benefit businesses purchasing equipment.
The law also provides a temporary bonus depreciation aimed at encouraging business investment. Property must be eligible for the modified accelerated cost recovery system, with a depreciation of 20 years or less, and must be purchased and placed in service during 2008. The new law provides taxpayers a 50% first-year bonus depreciation of the adjusted basis of the property.
The new law nearly doubles the amount of deductible Code Sec. 179 expensing for 2008, to $250,000, and increases the threshold for reducing the deduction to $800,000. It applies to property purchased and put into service in the tax year beginning in 2008. This would benefit businesses purchasing equipment.
The law also provides a temporary bonus depreciation aimed at encouraging business investment. Property must be eligible for the modified accelerated cost recovery system, with a depreciation of 20 years or less, and must be purchased and placed in service during 2008. The new law provides taxpayers a 50% first-year bonus depreciation of the adjusted basis of the property.
SAN JOSE – North American-based manufacturers of semiconductor equipment posted a 90-day average of $1.23 billion in orders in February, up 8% from the revised January figure and down 12% year-over-year.
PENANG -- Motorola is fighting allegations it broke Malaysian laws and engaged in kickbacks in exhange for large government contracts. The company and key government officials are strongly disputing the accusations, which have been brought by political opponents.
At issue is a roughly $313 million government contract the Malaysian government contract awarded to Motorola, with the understanding the telecom giant would remain in the country. Motorola has extensive manufacturing and R&D operations in Malaysia, where it employs about 10,000 workers, including 4,000 in Penang.
At issue is a roughly $313 million government contract the Malaysian government contract awarded to Motorola, with the understanding the telecom giant would remain in the country. Motorola has extensive manufacturing and R&D operations in Malaysia, where it employs about 10,000 workers, including 4,000 in Penang.
SHANGHAI – Inspection equipment OEM YESTech Inc. has established a sales and support office outside Shanghai.
The office is co-located in the Nordson China facility at the Zhangjiang Hi-Tech Park in Pudong, and will provide sales, training and technical support.
The 8,000 sq. meter, 190-employee site provides demo labs for each division and an advanced training center for up to 200 people.
The office is co-located in the Nordson China facility at the Zhangjiang Hi-Tech Park in Pudong, and will provide sales, training and technical support.
The 8,000 sq. meter, 190-employee site provides demo labs for each division and an advanced training center for up to 200 people.
GLEN ALLEN, VA – Sales of printed RFID devices will reach $3.6 billion by 2015, a new report claims.
Press Releases
- Zollner Puts a New Mechanics Building into Operation
- Changes in Incap’s Management Team: Incap updates its leadership model to support its growth strategy
- Niche Electronics Celebrates Completion of Florida Expansion
- Microscreen Names Nik Thomas Director, Expands Leadership Role Amid Continued Organizational Growth