Word: microchipped
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...slump, however, is spreading far beyond autos and housing. Retailers suffered a sharp 1.5% drop in sales last month; many are anticipating lackluster business in their all-important Christmas season. The electronics firms of northern California's "Silicon Valley," which make microchip components for computers, have for years been riding a heady boom, but now their profits are plummeting. Employment and spending by state and local governments kept a sturdy prop under the national economy during many previous recessions, but now they too are falling, in part because Reagan's budget cuts have reduced the flow of federal...
...Caterpillar was granted approval late last year to supply pipelaying equipment used in building the 3,000-mile Yamal Peninsula natural gas pipeline. A semiconductor chip that U.S. companies cannot sell to the Soviets has been licensed for production in Brazil, which is not bound by the embargo. The microchip, in fact, is a component in a popular computer game that is for sale in Western European toy stores. Says Samuel Pisar, a Paris-based international trade expert: "The U.S. and its Western allies have simply never formulated a consistent policy on exports of technology to the Soviets. Decisions...
...safety pin or the Ford. But reports of its death have been greatly exaggerated. While West Germany and Japan have sent a competitive shiver into American industries in recent years, the U.S. has still managed to produce such things as the Xerox, the transistor, the laser and the microchip. A lot of Yankeeingenuity is spent, to be sure, on diverting gadgetry, such as a projected palm-size phone and a vacuum cleaner with a memory (a seemingly gratuitous burden). But recent developments in medicine, such as the hybridoma cells for cancer treatment and the creation of insulin through genetic engineering...
...Albuquerque. In four years Hewlett-Packard has built a four-building plant employing 2,800 people in Boise, joining longtime residents Boise Cascade (34,000 workers) and Morrison-Knudsen (17,000). Hewlett-Packard has also settled in Colorado Springs, along with Texas Instruments, TRW and Honeywell. Intel, the hottest microchip company in the country, plans to join Internetics in Salt Lake City, as well as start a plant in Albuquerque. Last year National Semiconductor opened a factory employing 275 people in Tucson; this year IBM completed a factory on 1,800 acres just outside the city. Boasts Tucson Lawyer Donald...
...host of technological problems has also blocked development of the 3.2 billion bbl. of heavy oil beneath the San Joaquin Valley. As a result, some companies are rapidly expanding into neighboring states, where land and labor are cheaper and energy supplies more predictable. Says Gordon Moore, chairman of the microchip front runner Intel: "Next year we'll have more employees in Oregon than in California...