Word: silicones
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...force or its investments in new factories or equipment. Solow's "theoretical model had an enormous impact on economic analysis," said the academy's statement. In the years since then, governments around the world have taken his lesson to heart. The revolution in jet aviation and the computers of Silicon Valley can be directly linked to government policies that steered money into technological research and development. "I am delighted," commented 1973 Economics Laureate Wassily Leontief. "He represents the best of our profession...
...Alaska's remote Kenai peninsula. The nearest neighbor lives half a mile away, and now and then a moose wanders into the yard. "There are days when I wish I had someone to talk to," says Robin, who along with Tom spent eight years working in California's bustling Silicon Valley after they graduated from Stanford University. "But every time I look out the window, I'm glad I live here. We enjoy working at home...
Just as important as efficiency for American industry is quality. The most obvious improvement has been in Detroit, where automakers were shamed in the 1970s by their products' poor performance. Today in the Hewlett Packard parking lot in California's Silicon Valley, where not long ago a U.S.-made car was a rare find, the sun shimmers off the sleek bodies of hundreds of Ford Taurus sedans. The electronics company was so impressed with the style and solidness of the autos that it bought a fleet of 8,000 for staffers to drive...
...rates and local costs take over the production of simple commodities, U.S. manufacturers are increasingly turning to market niches in which products are more complex and specialized. This is especially true in the semiconductor industry, where Japanese companies have taken over the market for mass-produced memory chips. Thus Silicon Valley chipmakers like Cypress Semiconductor (1986 sales: $51 million) thrive on diversity. Cypress makes 80 different types of chips in a factory that can accommodate several tooling changes every day. Says T.J. Rodgers, the company president: "You can be very competitive with the Japanese if you understand what they...
California's Silicon Valley, home of many of the nation's newest high-tech companies, boasts a far cleaner image, but its workers face perils as well. In semiconductor plants, where a single speck of dust can destroy a computer chip, employees must don gloves, caps, gowns and shoe covers. But these chipmaking facilities, known as "clean labs," seem misnamed when workers relate the litany of health problems they encounter by being exposed to the acids, gases and solvents used in chip manufacture. California's division of labor statistics and research has found a high incidence of disabling illnesses among...