Word: shibaura
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Dates: during 1950-1959
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Japan's fast-growing electronics industry scored a notable success. Under a threeyear, $8,000,000 contract, Tokyo Shibaura Electric Co. began turning out upward of 75,000 transistor radios, 800,000 transistors, and 1,000,000 vacuum tubes annually for International General Electric, to be resold under the I.G.E. name in Europe, Asia and Africa. I.G.E. was the second major U.S. electronics company to decide to make a deal this year with the Japanese. In April Motorola put on sale in the U.S. a $29.95 shirt-pocket-size transistor radio with most of its parts made in Japan...
...Tokyo's Taizo Ishizaka, president of the Japanese Federation of Economic Organizations and president of the Tokyo Shibaura Electric Co., suggested an international agency to exchange technical know-how and services, thus promote industrial development and combat anti-foreignism in backward countries. In much of the world, said Ishizaka, there is still a blind prejudice that "capitalism leads to imperialism" and alien rule...