Market News

BRUSSELS – Industry leaders addressed concerns with the Öko-Institut report on the proposed expansion of RoHS substance restrictions at an IPC workshop on June 18. Read more ...
BANNOCKBURN, IL — Formula One, IndyCar and World Sports Car driver Derek Daly will keynote IPC Midwest in September, IPC announced.
 
Daly's talk will center on the role electronics will play in future high performance race cars. The talk takes place Sept. 24 at the Schaumburg (IL) Renaissance Hotel.
 
To Daly, electronics has been the greatest source of competitive edge in the motor sports industry. In 1987, Daly test-drove the car with the first electronic dashboard. He is one of a handful of world-class drivers to compete in all three of the most prestigious races in the world: Indianapolis 500, Grand Prix of Monaco, and the Le Mans 24-hour endurance race.
 
In 2008, he published his first book: Race to Win, How to become a Complete Champion.

YAVNE, ISRAEL and SAN JOSE, CA - Orbotech Ltd. and Photon Dynamics, Inc. have announced that they have reached agreement for Orbotech to acquire Photon Dynamics, a provider of test and repair systems for the LCD display industry.

Under the terms of the agreement, Orbotech will pay approximately $290 million for the acquisition.

Orbotech reports that the acquisition is a part of the company’s strategy for growth and diversification in its flat panel display business.

"[The acquisition] will allow us to capitalize more comprehensively on current and emerging opportunities in the flat panel display industry, while building upon and further expanding our current range of solutions," said Rani Cohen, CEO of Orbotech.

Jeffrey A. Hawthorne, CEO of Photon Dynamics commented, "By teaming up with Orbotech... we will be able to grow the combined business and improve its competitive positioning as we face a maturing industry."

The boards of directors of both companies have approved the acquisition. The transaction is subject to customary conditions, including stockholder and regulatory approvals, and is expected to close during the second half of 2008.
AUSTIN, TX and STUTTGART, GERMANY -- The Universitaet Stuttgart, and Nano-Proprietary, Inc. a subsidiary Applied Nanotech, Inc. announced a significant advancement in the application of carbon nanotubes for the flexible electronics industry.

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SCOTTSDALE, AZ – The tepid semiconductor market isn’t slowing spending on chip research and development. First quarter semiconductor R&D grew 12% to $11.1 billion compared to the same period last year, says IC Insights.
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WASHINGTON – When it rains, it pours … tech jobs.
 
Some 51 of 60 “cybercities” added high-tech jobs in 2006, according to the latest AeA survey of the US tech world.
 
Seattle led the nation, adding 7,800 net jobs. The next largest net gains between 2005 and 2006 occurred in metro New York (6,400) and Washington (6,100).
 
On a percentage basis, Riverside-San Bernardino, CA, saw the fastest job growth in 2006, at 12%. (2006 data are the most recent available at the metropolitan level.)
 
Christopher Hansen, president and CEO of AeA, said, "High-tech jobs make critical contributions to local economies in terms of innovation. They also pay extremely well – the average tech industry wage is 87% higher than the average private sector wage. Fifty-six cybercities had wage differentials higher than 50% and three cybercities – Austin, San Diego and Sacramento – had differentials higher than 100%.”
 
The leading metro areas by high-tech employment for the year were metro New York (316,500 jobs), Washington (295,800 jobs), San Jose/Silicon Valley (225,300 jobs), Boston (191,700 jobs), and Dallas-Fort Worth (176,000 jobs).
 
San Jose/Silicon Valley led the nation in concentration of high-tech workers, with 286 high-tech workers per 1,000 private sector workers. Boulder ranked second, with 230 high-tech workers per 1,000 private sector workers. Huntsville, Durham and Washington rounded out the top five.
 
San Jose/Silicon Valley dominated the manufacturing sectors. It ranked near the top in seven of the nine high-tech manufacturing categories. Metro New York led in many of the tech service sectors, with the highest employment in telecommunications, Internet services, R&D and testing labs, and computer training services. Washington led in computer systems design and related services and engineering services, with nearly three times as many industry workers in these fields as San Jose/Silicon Valley.
 
This is the AEA’s first national Cybercities report since 2000.

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