News
BANNOCKBURN, IL -- Some 29 representatives of US-based companies converged on Washington earlier this month, intent on explaining the circuit board fabrication and assembly industry to their legislators.
In 2009, the semiconductor industry was affected by the global economic crisis, down 9% to $226.3 billion. In 2010, the industry is recovering with revived enterprise and consumer spending, WSTS says.
The latest forecast is a more optimistic outlook for the year, with an increase of $44 billion over the fall forecast.
The industry is now expected to top $320.2 billion in 2012, with a three-year compound annual growth rate of 12.3% from 2009 to 2012.
CHESTNUT HILL, MA -- Already battered by the recession, manufacturers are concerned a wave of retirements across their industry will saddle them with a shortage of qualified job applicants, huge training costs for new workers and the challenge of transferring job knowledge from one generation of workers to the next.
TAIPEI -- Compal Electronics will raise wages at its plants in China as it tries to fend off inflation and a shortage of workers, the company says.
SHENZHEN -- Foxconn Technology Group, which only last week said it would substantially raise wages of its workers here, reportedly will relocate much of its manufacturing to other sites in China.
SAN JOSE – The Semiconductor Industry Association submitted a report to the US Department of Commerce outlining actions required to meet the goal of doubling semiconductor exports to $76 billion by 2014.
