Word: semiconductor
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Dates: during 1980-1989
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...Parameswaran, 57, president of First Asian Securities, a tiny New York City brokerage, earned a $13,750 profit last Monday using the same method as Cafazza: put options. Parameswaran made such a gamble on 5,000 shares of National Semiconductor, a Santa Clara, Calif., electronics company, which zoomed in value from 25 cents to $3 a share as the stock price of the firm tumbled 2 1/4 points on Monday, closing at 15. "I could have waited and got $4.25 per share for the options," Parameswaran said, "but I was not greedy...
...China until it stops selling Silkworms to Iran. Both China and Iran deny any such transactions, but intelligence reports leave little doubt that Peking is the source. The suspension of technology sales means that China will not be able to buy legally from the U.S. some of the computers, semiconductor manufacturing equipment and other electronic gear essential to its modernization...
...countries with extremely low wage rates and local costs take over the production of simple commodities, U.S. manufacturers are increasingly turning to market niches in which products are more complex and specialized. This is especially true in the semiconductor industry, where Japanese companies have taken over the market for mass-produced memory chips. Thus Silicon Valley chipmakers like Cypress Semiconductor (1986 sales: $51 million) thrive on diversity. Cypress makes 80 different types of chips in a factory that can accommodate several tooling changes every day. Says T.J. Rodgers, the company president: "You can be very competitive with the Japanese...
California's Silicon Valley, home of many of the nation's newest high-tech companies, boasts a far cleaner image, but its workers face perils as well. In semiconductor plants, where a single speck of dust can destroy a computer chip, employees must don gloves, caps, gowns and shoe covers. But these chipmaking facilities, known as "clean labs," seem misnamed when workers relate the litany of health problems they encounter by being exposed to the acids, gases and solvents used in chip manufacture. California's division of labor statistics and research has found a high incidence of disabling illnesses among...
...Norway "took their time waking up to the problem," he contends that both countries have since responded vigorously. President Reagan probably does not want a fresh trade confrontation with Tokyo; just two weeks ago he lifted some of the tariffs he had imposed on Japanese imports after the semiconductor dispute...