Word: yokkaichi
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Dates: during 2000-2009
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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...