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SAN JOSE The Semiconductor Industry Association is lauding the $15 billion set aside for funding scientific research programs as part of the American Recovery and Reinvestment Act (HR 1) now headed for President Obama’s desk.

The bill includes significant funding increases for the National Science Foundation, the National Institute for Standards and Technology, the Department of Energy Office of Science, and the Advanced Research Project Agency-Energy.

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HONG KONG -- Surface Mount Technology (Holdings) Inc. reported a December quarter loss of HK$2.9 million on a 24% drop in revenue to HK$573.7 million.

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CHENNAI -- Jabil Circuit reportedly will relocate its Nokia assembly programs currently in Chennai to China.

According to the report, Jabil will end its operations in the Sriperumbadur corridor by March 31. The fate of the site's 600-some workers is not clear. Jabil has not commented on the reports, and government officials have not received any preliminary paperwork from Jabil notifying the state of pending closures.

Jabil reportedly invested over $100 million in the facility.

SIOUX FALLS, SD – Raven Industries today said fourth quarter sales would likely fall short of previous guidance. On the whole, Raven expects to report a 22% decline in fourth quarter net income on a 3% rise in sales.

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ARLINGTON, VA -- Electronic component orders fell in January for the third consecutive month, according to the monthly index compiled by the Electronic Components Association (ECA).  The 12-month average, comparing this year’s results to last year’s, continued a descent that began last summer.

“We might just have to get used to words such as ‘downslide’ for the next several months,” says Bob Willis, ECA president.  “Electronic components are the building blocks for all things electronic, so our market is inextricably linked to the economy and spending.  Like everyone else, electronic component manufacturers are looking to stay as healthy as possible until better times arrive.”

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