Word: semiconductor
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Dates: during 2000-2009
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...approaching holiday season holds little joy for thousands of employees and executives in the semiconductor industry. This year major makers of the tiny electronic wafers, which are the raw material of the high-technology age and run everything from watches to supercomputers, are playing the role of the Grinch. They will shut their doors for up to three weeks next month, a time when workers normally expect year-end bonuses and office celebrations. The painful closings are only the latest steps that chip producers are taking to cope with a slump that has crippled the once booming high-tech industry...
...downturn already rivals the depressions that have struck car-and steelmakers in recent years. Some 64,000 semiconductor employees have been laid off in the past ten months, a toll that equals 19% of the industry's U.S. work force. The top five chip producers, including Intel, Motorola and Advanced Micro Devices, lost a total of $195 million in the quarter ending in September, and the red ink keeps flowing...
...company has managed to keep growing. Despite AMD's recent resurgence, Intel's position in the PC-chip business remains unchallenged, with a market share of nearly 90%. It is also a step ahead thanks to Barrett's farsighted investments in manufacturing. While AMD has one major semiconductor plant, Intel has four placed strategically around the world, churning out chips 24 hours a day. And unlike PC manufacturers and retailers, who have to deal with wafer-thin margins, Intel--thanks to its dominant position--enjoys a 55% profit margin on every $300 PC chip. "Most companies would kill...
...speech to the packed auditorium, Chang-Gyu Hwang both detailed the accomplishments of his company, particularly in the semiconductor technology field, and gave a subtle recruiting pitch targeted at Harvard Business School (HBS) students...
...heart of Hwang’s speech focused on lauding Samsung as a company. Among other things, Hwang chronicled how Samsung has the highest growth rate among any semiconductor brand, how it is one of only 10 companies that achieved one year profits of over $10 billion in history, and how it had an impressive 49 percent growth rate...