Ericsson to Cut 3,000 Jobs in Sweden

  Change in operations and adjustment of competence to meet technology shifts, new customer groups and a continued increased proportion of software development. Ericsson intends to reduce 3,000 positions in production, research and development (R&D) and sales and administration – combination of voluntary and forced reductions as well as other measures such as outsourcing. Ericsson…

ISM Hosts Procurement Event on October 13

Attention procurement and supply chain professionals: in today’s business environment, you have the opportunity to influence the most business-critical issues our organizations face today, and senior management is listening! In fact, according to CAPS research, 82 percent of Fortune 500 CPOs surveyed have direct access to their CEOs, up from 60 percent in 1999. But,…

SIA: Semiconductor Industry Posts Solid Growth in August

The Semiconductor Industry Association (SIA), representing U.S. leadership in semiconductor manufacturing, design, and research, today announced worldwide sales of semiconductors reached $28.0 billion for the month of August 2016, an increase of 3.5 percent compared to the previous month’s total of $27.1 billion and an uptick of 0.5 percent over the August 2015 total of $27.9 billion. August marked the market’s largest month-to-month…

Gamers Drive VR Hardware Growth

A new Juniper Research study has found that hardware revenues from VR (Virtual Reality) headsets, peripherals and 360º cameras will reach over $50 billion by 2021, up tenfold from an estimated $5 billion in sales this year. This rapid growth will arise from a widespread adoption of VR by smartphone users, and the high unit prices commanded by headsets for PCs…