Electronics Industry Pushes Innovation, Reaps Rewards
With a rotating cast of new products to amaze and tempt consumers, the electronics industry is reaping big revenues.
Lisa A. Bastian (November 2010)
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• The International Sematech Manufacturing Initiative recently announced a headquarters relocation from Austin, Texas, to a 14,000-square-foot facility at New York's University of Albany NanoTech Complex. The move creates over 100 high tech jobs, and will bolster New York's reputation as a global leader in advanced nanotechnology. With $6.5 billion in high tech investments, the complex already has 2,500 scientists, researchers, and other employees working at IBM, SEMATECH, Toshiba, Applied Materials, Tokyo Electron, ASML, Novellus Systems, and elsewhere.
• The Hemlock Semiconductor Group of Thomas Township, Michigan, makes polysilicon, a key raw material used to produce solar cells and semiconductor devices. Over the last five years, it has invested over $2.5 billion at its Hemlock Michigan facility. It will invest another $1.2 billion in a new solar production facility in Clarksville, Tennessee.
• In June, Samsung Austin Semiconductor announced plans to hire 500 employees and expand its 12-inch semiconductor fabrication plant in Austin, Texas. Expected to be operational by the second quarter of 2011, the facility will support production of advanced logic devices. The $3.6 billion investment brings the company's total investment in Austin to over $9 billion.
• Internationally, Santa Clara, California-based Intel, the world's largest chip maker, will invest $177 million over three years to expand its Guadalajara Design Center (GDC). As the firm's biggest Mexican site, it houses all technology development activities in that nation. GDC designs, tests, and validates integrated circuits and hardware and education software technologies. Over 150 tech jobs will be created, bringing the total number of GDC engineers to 550.
Across all regions, and even across the globe, the American electronics industry continues to grow investment in a future that many consumers once only dreamed about.