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HAVERHILL, MA - Russian semiconductor manufacturers sold about $2 billion dollars worth of chips last year, about one-third the peak of the former USSR, according to a report from Japan.
The Semiconductor Industry News, a Japanese publication which recently began tracking the Russian IC market, found that most manufacturers have been using 4 or 6" wafers for volume production. Their technology is likely "more than 10 years behind leading global manufacturers," according to analyst Dominique Numakura, publisher of the EPTE newsletter and a columnist for PCD&M magazine.
SAN BRUNO, CA -Worldwide Manufacturing USA, Inc. today announced year-end net sales of $6.7 million, up 12% from $6 million last year.
For the year ended Dec. 31, Worldwide posted gross profits of $2.6 million, up 31% from last year.Net income before taxes was $777,978 compared to $502,372 last year. Net profit was $521,486, versus $540,872.
Worldwide is an engineering firm specializing in contract manufacturing and is a direct manufacturer of air-conditioning units for cars. It has two wholly owned subsidiaries, Shanghai Intech Electro Mechanical Products, and Chengde Science & Technology Co., Ltd., located in Shanghai, and Changchun City, China, respectively.
Pre-tax income rose 134% to $3.4 million. Net income was $2.3 million, up from $1.1 million.
More than half (57.3%) of the revenue increase was attributable to the July 2003 acquisition of a plant in Mexico.
The company's largest markets were computer peripherals ($5.1
million) and instrumentation ($4.3 million). About 43% of sales were
made to five
customers, with Illinois Tool Works, at 17%, the only one that accounted
for more than 10%.
In a press statement chairman Sam Russell said, "The progress in the area of cost containment made in previous years flowed through to the realization of record earnings in 2004. We were able to make some adjustments in the second half of the year even as raw materials costs were on the increase. We will continue to be vigilant in the area of cost containment, and we initiated programs in the latter part of 2004 to partner with suppliers who will work with us to decrease delivered materials costs.
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