Word: yokkaichi
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When clustering does work, though, it's gold. Consider Yokkaichi, Japan, a city of 300,000 people that is the premier place to make NAND flash memory, which is used in cell phones and MP3 players. Sandisk, a Milpitas, Calif.-based company that designs, manufactures and sells memory cards, moved its manufacturing base there from Manassas, Virginia a few years ago, partly to be closer to Toshiba, a company it partners with. Yokkaichi already had the infrastructure for both manufacturing and for the large R&D outfit that goes along with making memory cards. "By having it all in close...
...Sandisk is building a new factory in Yokkaichi to produce 40% more wafers a month, which will significantly increase the $1 to $1.5 billion the?company already annually invests to keep its fabs on the cutting edge. And that leads to another major reason Sandisk is in Japan: the country's?advanced capital structure and low interest rates let the company borrow money cheaply. Clustering may work well, but other aspects of a country's competitiveness - like its macroeconomic fundamentals - still matter. "The bottom line," says the Economic Competitiveness Group's Hansen, "is you have to do everything right...
...also need to ingrain the idea of guarding our Asian heritage and make the looters understand that the more artifacts are stolen, the fewer chances we Asians have to track our history. It is our duty to pass down our cultural heritage to the next generation. Takahito Higuchi Yokkaichi, Japan...
Among Japanese consumers, many of whom recall the severe shortages of the war, the "oil shokku" has also instilled an edginess bordering on hysteria. A casual remark by one shopper to another in Yokkaichi to the effect that oil and electricity were needed in the sugar-refining industry touched off a sugar-buying panic that spread across the whole country last week. Housewives are still trying to lay in supplies of toilet paper after a rumor spread about a forthcoming dearth of that staple. A woman was trampled to death in a toilet-paper stampede in Osaka...
...mounting casualty figures in Yokkaichi suggest the growing dangers of breathing Japanese air. The day that Seiichi died, Japan's second largest city, Osaka, issued its first smog alert. And within three days, in the smog-bound city of Kawasaki, the air claimed a new victim, Mrs. Natsuko Hojo, a 28-year-old mother of two children, whose death badly shocked the other victimized residents of the city...