Finance News.

Supply Chain Shakes Off Winter Fatigue

After a seemingly interminable winter, manufacturing indexes are finally shaking off the effects of a record cold snap in the U.S. The Institute for Supply Management’s PMI, a leading index of purchasing managers, inched up a bit in March to 53.7 percent. More importantly, the ISM production index, which fell dramatically since the beginning of…

Flex PCB Market Set to Grow

Rising labor costs in China as well as currency appreciation hurt the nation’s domestic flexible printed circuit board industry last year, according to the “Global and China FPCB (Flexible Printed Circuit Board) Industry Report.”  The overall market will continue to grow: the global flexible printed circuit board (FPCB) market is valued at $1.321 billion with…

‘Protect and Attack’ Strategy Earns Lenovo Record Sales

The Lenovo Group recently announced record results for its third fiscal quarter ended December 31, 2013. While the company attributes its record sales “to a strong global execution, an innovative product portfolio and an increasing mix of PC Plus revenues,” the underlying driver continues to be its guiding philosophy of “protect and attack” implemented about…

China Makes Headway on Domestic IC Supply Chain

China – which has mostly been a destination for the Western electronics supply chain – continues to develop an IC supply chain of its own. Chip foundry Semiconductor Manufacturing International Corp. (SMIC) has formed a joint venture with Jiangsu Changjiang Electronics Technology Co., Ltd. (JCET) for 12-inch wafer bumping and related services. JCET will also…