Word: microchips
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...pinpoint the location of anyone who calls the emergency line--a mandate that gained urgency following the Sept. 11 tragedies. Global Locate, a San Jose, Calif., company that creates global-positioning-system technology, could benefit from the upgrade. The company has developed a chip (above, next to a standard microchip), about half the size of a fingernail, that can transmit a cell phone's location to the police and authorized callers (your buddy list) with GPS. What's more, the signal continues to transmit when the user is indoors, a task that has been difficult for other GPS devices...
...late 1990s, Walker, 60, a partner based in New York City with the law firm Cleary Gottlieb, helped the South Korean government stave off default by successfully renegotiating its bank loans. Now he is helping the South Korean microchip maker Hynix sustain its financial health. Walker was recently hired to advise the company in its discussions--including talk of a possible merger--with U.S.-based chipmaking rival Micron Technology...
...microchip industry worldwide is mired in a slump, with prices falling and many factories closing. But Chang, chairman of Taiwan Semiconductor Manufacturing Co., posted third-quarter earnings that were better than expected. He believes the rebound has begun, and he announced a $20 billion expansion. Chang, 70, an avid contract-bridge player educated at Stanford and MIT, founded TSMC in 1987 and has made it the industry leader...
...life. According to the San Jose Mercury News, Larry Ellison, zillionaire CEO of software titan Oracle, met with Attorney General Ashcroft last week to drum up support for his scheme: all immigrants and consenting U.S. citizens would be issued a "smart card"--like a credit card with a microchip--linked to federal records of their vital statistics, including their thumbprint...
Such pioneering purchases are a traditional way by which governments encourage new technologies. The now ubiquitous microchip is perhaps the best example. At first the U.S. military was the only market for the early integrated circuits, but by selling to it in bulk, companies learned how to make chips better and cheaper. Between 1962 and 1968, says Dennis Hayes, president of Seattle's Bullitt Foundation, the price of these components dropped 95% as their capabilities expanded, eventually making integrated circuits viable for commercial applications such as personal computers...