Semiconductor equipment maker Entegris announced that it will close down one of its USA manufacturing sites and warehouses. Although the company had always planned to reduce USA manufacturing, with 75% of their business outside the USA, the timing of the announcement is more to do with losses announced a $411.4 million loss for the third quarter.
Fujitsu Limited and Siemens AG announced that Fujitsu will acquire Siemens's 50% share in their joint venture Fujitsu Siemens Computers (Holding) B.V., effective April 1, 2009 subject to the approval of relevant government agencies.
NXP and Renesas Technology have announced that they have expanded the licensing agreement on NXP’s MIFARE technology. This agreement is aiming to build momentum for the availability of advanced payment and Near Field Communication (NFC) offerings in contactless infrastructures.
Starting a new business in the electronics industry is tough enough in itself, with professional research reports and industry experts' advice tipping even the wealthiest start up’s budget; add to this the recent global economic downturn, and a near-term outlook is starting to look bleak.