Category: News

February 2, 2023

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 […]

February 1, 2023

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 […]

February 1, 2023

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. […]

January 31, 2023

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) […]

January 27, 2023

“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 […]

January 26, 2023

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 […]

January 24, 2023

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 […]

January 24, 2023

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 […]

January 18, 2023

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 […]

January 12, 2023

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 […]

January 12, 2023

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 […]

January 11, 2023

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 […]

December 27, 2022

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 […]

December 26, 2022

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 […]

December 23, 2022

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 […]

December 22, 2022

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 […]

December 20, 2022

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 […]

December 19, 2022

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 […]

December 15, 2022

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 […]

December 14, 2022

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 […]