News
WASHINGTON, DC – China is now the third largest destination for U.S. high-tech exports, says the AeA. In its just-released 15th edition of the Competitiveness Series, the AeA analyzes the growing economic relation between the U.S. and China in terms of high-tech trade and foreign direct investment.
Between 2000 and 2006, U.S. high-tech exports to China more than tripled to $14.1 billion, from $4.6 billion. Only the U.S.’s two NAFTA partners, Canada and Mexico, are larger export destinations for American tech products. On the other side, U.S. tech imports from China nearly quadrupled, to $102 billion from $26 billion between 2000 and 2006.
Total U.S. direct investment in China was $16.9 billion in 2005, a 12% increase over 2004. Chinese investment in the U.S. is small but rising, up 11% from 2004 to 2005, says AeA.
AUSTIN, TX – Newisys Inc., developer of multiple server technologies, is closing its manufacturing operation in Austin, TX and laying off 87 local employees.
Part of Sanmina SCI Corp., the San Jose-based parent company notified the Texas Workforce Commission of the layoffs in a letter dated May 8.
Newisys was founded in 2000 to capitalize on the Opteron chip produced by Advanced Micro Devices Inc. and was picked up by Sanmina SCI in 2003. It employed 100 people at that time.
Executives at Sanmina SCI could not be reached for comment.
Part of Sanmina SCI Corp., the San Jose-based parent company notified the Texas Workforce Commission of the layoffs in a letter dated May 8.
Newisys was founded in 2000 to capitalize on the Opteron chip produced by Advanced Micro Devices Inc. and was picked up by Sanmina SCI in 2003. It employed 100 people at that time.
Executives at Sanmina SCI could not be reached for comment.
LOS ANGELES – Northrop Grumman Corp. plans to close its Interconnect Technologies business in Missouri, and will discontinue PCB manufacturing for third parties, effective July 31.
Its interconnect business base is declining, and the plant is currently operating at about 25% capacity, the company said in a statement.
The factory produced backplanes and printed circuit boards.
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