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Category: News


News

Apple Sales Are Expected to Show First Decline in Nearly Four Years

February 2, 2023

Via: The Wall Street Journal

Apple Inc.’s AAPL 2.78%increase; green up pointing triangle three-year streak of pandemic-induced sales and profit records might be coming to an end. The iPhone maker, which is scheduled to report its December quarter after markets close on Thursday, is expected […]


News

Splunk to Cut About 325 Jobs, Scale Back Outsourcing

February 1, 2023

Via: The Wall Street Journal

Splunk Inc. SPLK 4.36%increase; green up pointing triangle said it is laying off about 325 employees, or 4% of its staff, becoming the latest tech company to cut jobs. The company, which makes software used by information-technology and security operations […]


News

Intel CEO Takes Pay Cut as Chip Maker Targets Cost Reductions

February 1, 2023

Via: The Wall Street Journal

Intel Corp. INTC 3.45%increase; green up pointing triangle Chief Executive Pat Gelsinger and other managers are taking pay cuts, days after the chip maker posted quarterly earnings that disappointed Wall Street and spurred a downgrade in the company’s credit rating. […]


News

New leadership at Phoenix Contact Development and Manufacturing

January 31, 2023

Via: Manufacturing Tomorrow

Phoenix Contact announces the promotion of Davis Mathews and Heath Scoggin as the new leadership team for Phoenix Contact Development and Manufacturing, Inc. Mathews and Scoggin will lead the Industry Management and Automation (IMA) and Industrial Components and Electronics (ICE) […]


News

Q4 loss at Intel

January 27, 2023

Via: Electronics Weekly

“Clearly the financials aren’t what we hoped for, but we’re also pleased with the execution process we made,” said CEO Pat Gelsinger (pictured) “the macro is difficult. It was difficult in Q4. We expect it to remain difficult as we […]


News

Dow to Cut 2,000 Jobs Globally

January 26, 2023

Via: The Wall Street Journal

Dow Inc. said it is laying off about 2,000 employees globally as job cuts that have so far been concentrated in the technology sector spread to other parts of the economy. The Midland, Mich.-based chemicals company said it is targeting […]


News, Process, Production

The United States is Losing Its Innovation Edge Over China, a New Report Warns

January 24, 2023

Via: Alliance for American Manufacturing

Iprobably don’t need to remind readers of this blog that the conventional wisdom for decades from much of the American elite was that offshoring U.S. production was totally the way to go. The thinking went that as long as the […]


News

Tea Company’s First South Carolina Plant To Create 100+ Jobs

January 24, 2023

Via: Business Facilities Magazine

Milo’s Tea Company will invest $130 million to establish its first South Carolina operations in Spartanburg County. The Alabama-based beverage company’s new plant will create 103 new jobs. Milo’s expects to break ground by mid-March 2023 and start production of […]


News

Microsoft to Lay Off 10,000 Employees

January 18, 2023

Via: The Wall Street Journal

Microsoft Corp. said it was laying off 10,000 employees, becoming the latest tech titan to announce an additional round of cuts amid concerns about the health of the global economy. Chief Executive Satya Nadella said in a blog post to […]


News

4 Strategies to Win Over Engineering and Tech Talent

January 12, 2023

Via: Industry Today

To be competitive, manufacturers need to be agile when it comes to tech implementations. This requires a robust talent pipeline of contingent workers that can be scaled up or down as projects develop and evolve. But how can companies build […]


News

Micron, Intel, Chevron Phillips, Hyundai Top 2022 Deals Of The Year

January 12, 2023

Via: Business Facilities Magazine

Micron Technologies’ announcement to invest $100 billion in semiconductor factory facilities in Clay, NY outside Syracuse over the next 20 years has been named Business Facilities’ Platinum 2022 Deal of the Year. The projects recognized with Gold, Silver, and Bronze […]


News

Plastics Industry Association Provides 2022 Industry Recap

January 11, 2023

Via: Quality Magazine

The Plastics Industry Association (PLASTICS) has released “The U.S. Plastics Industry in 2022 in Seven Charts,” a recap of the plastics industry 2022 economic performance, authored by Chief Economist, Dr. Perc Pineda. Dr. Pineda writes, “Seven charts explain how the […]


News

Chip Inventories Swell as Consumers Buy Fewer Gadgets

December 27, 2022

Via: The Wall Street Journal

The world is now awash in chips. The oversupply marks a sharp turnaround from a global shortage during two years of supercharged demand. Consumer appetite for electronics has weakened against a backdrop of rising interest rates, a falling stock market […]


News

Manufacturing Story of 2022: America Finally Begins Rebuilding its Infrastructure

December 26, 2022

Via: Alliance for American Manufacturing

For years and years and years, there was a running joke in Washington about Infrastructure Week, the annual advocacy push in which business, labor, and everybody else hit Capitol Hill to urge Congress to finally pass legislation to rebuild America’s […]


News

TSMC in talks to build fab in Dresden

December 23, 2022

Via: Electronics Weekly

The talks are about whether the suppliers would make the investments to support the fabs. Next year, negotiations will start about the level of government subsidies, which might be available for such a plant. If successful, it is thought that […]


News

China overtakes USA in robot density

December 22, 2022

Via: Today's Medical Developments

China’s massive investment in industrial robotics has put the country in the top ranking of robot density, surpassing the United States for the first time. The number of operational industrial robots relative to the number of workers hit 322 units […]


News

Trucking Tech Company TuSimple Will Cut a Chunk of Its Workforce

December 20, 2022

Via: Tech Times

TuSimple, an autonomous trucking technology company is planning to layoff several of its employees as early this week, as reported by The Wall Street Journal. The layoffs could potentially affect at least half of the company’s workforce. However, according to […]


News

Intel delays German fab; looking for more subsidies

December 19, 2022

Via: Electronics Weekly

Intel is delaying its German fab plans while asking for more government subsidies, reports the Volksstimme newspaper. The original plan was to run first silicon in the Magdeburg fab in H1 2023. According to the Volksstime, costs have risen for […]


News

Manufacturing Technology Orders Through October 2022 on Pace With Best Year Ever

December 15, 2022

Via: Quality Magazine

New orders of manufacturing technology totaled $457.7 million in October 2022, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology. October 2022 orders were 20% below October 2021 and 12% lower […]


News

Kellogg empowers blind consumers in U.S. with NaviLens technology on packaging

December 14, 2022

Via: PR Newswire

Kellogg Company is changing the way the almost 12 million adults in the U.S. who are blind or have low vision* perform daily tasks, such as navigating a grocery store aisle or choosing one’s cereal at breakfast. To help create […]