SAN JERONIMO, MEXICO — Foxconn has begun work on a massive electronics manufacturing campus, according to published reports.
When completed, the new site will house more than 3 million sq. ft. of
industrial space, said a Foxconn spokesman.
ARLINGTON, VA – The Consumer Electronics Association has hit on a novel way to spread its free trade message: a nationwide bus tour.
GLENVIEW, IL – ITW’s second-quarter revenues rose 10.5% as higher returns from currency translation and acquisitions offset flat organic growth. Operating income rose 9%, and margins dropped 20 basis points.
PHILADELPHIA – The American Competitiveness Institute has been awarded a five-year $100 million contract from the U.S. Navy’s Office of Naval Research.
The research firm will manage and operate the Benchmarking and Best Manufacturing Processes Center of Excellence.
The effort, to be performed in Philadelphia, will facilitate the sharing of best-in-class practices, processes, methodologies, systems, and pre-competitive technologies.
SAN JOSE – North America-based manufacturers of semiconductor equipment posted $1.03 billion in orders in June and a book-to-bill ratio of 0.85, says SEMI.
STOCKHOLM – Sony Ericsson will slash 2,000 jobs worldwide over the next 12 months, as the mobile phone maker seeks to dramatically cut costs.
The company today reported a 97% drop in second-quarter net profits and said it planned to cut operating costs by 300 million euros each year.
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