Word: semiconductors
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...park's reliance on the U.S., where consumer demand for electronics is plunging, means companies based there are suffering from unprecedented reductions in orders. Even the world's largest semiconductor foundry, Taiwan Semiconductor Manufacturing Co. (TSMC), recently asked its 20,000 employees to take an extra day off every week for an indefinite period. The forced leave translates into pay cuts of at least 15%. But it avoids pink slips and allows TSMC to hang on to valuable staff. "This is a way that allows us to make the best of a bad situation," says TSMC spokesman Michael Kramer...
...lobbying the incoming Obama Administration to include "Buy America" provisions in the proposed government stimulus package, to favor their own steel over foreign imports. A state development fund in Taiwan is raising $6 billion to aid companies in the industries considered strategic for the economy; Taiwan chipmaker Powerchip Semiconductor has already applied for government help. China, meanwhile, has restored or raised tax rebates over the past six months on more than 3,700 export items, including many consumer goods like toys, to assist struggling small exporters. The rebates can help keep the prices of Chinese exports low and more competitive...
During his long career with Intel, the world's largest semiconductor company, Paul Otellini has had a catbird-seat view of the remarkable social and business changes wrought by the information technology revolution. Now Intel's CEO, he has also witnessed some of the tech industry's biggest setbacks, such as the implosion of the dotcom bubble in 2000 that plunged the U.S. into recession. In an recent interview with TIME senior editor Jim Erickson, Otellini discussed some of the differences between the dotcom bust and the current global financial crisis - and whether technology's Next Big Thing can help...
...reaction performed by Mazur’s graduate student accidentally created black silicon, a semiconductor that is ultra-sensitive to light and may have application in devices from night-vision goggles to photovoltaic solar panels...
...think of these old-economy industries, and we picture pollution. Smoggy skies, fouled rivers, toxic waste. As we make the transition to a new economy, we imagine that industrial pollution will become a thing of the past. Mobile phones, laptops, MP3 players - they conjure images of spotless semiconductor factories and the eternal summer of Silicon Valley where the digital economy was born...