TOKYO — TDK Corp. will lay off 8,000 workers and close four factories in response to a plunge in revenues.
MINNEAPOLIS -- CyberOptics today lowered its fourth-quarter revenue guidance 24 to 32%, citing the economy and delayed customer acceptance of a large order.
Overall exports were $14.8 billion for the month, beating economists' estimates but still the lowest drop in seven years. Electrical and electronics products make up about 40% ($5.92 billion) of the nation's exports.
Singapore, Japan and the US are the biggest recipients of Malaysian-built products. Exports to the US dropped 17% year-over-year in November, and demand for locally manufactured products from companies such as Dell, Western Digital and Intel slowed. The US was once Malaysia's biggest trading partner but has slipped to third in the past two years.
TAIPEI -- OEM/ODM Micro-Star International will refocus its notebook computer line on the hot netbook market and may spin off its Wind brand of low-cost "nettop" PCs.
NANTOU, TAIWAN – Universal Scientific Industrial Co. reported consolidated net EMS revenues of $21.8 million for the month ended Dec. 31, down 18% sequentially and 55% from the same period last year.
The company, a top 25 global EMS company, reported total sales of $490.4 million for its EMS segment in 2008. EMS makes up 18% of its total sales in Taiwanese dollars.