Manufacturing Expands in August — But What About Harvey?

The U.S. manufacturing industry accelerated its growth rate in August as the nation’s leading indicator, the Institute for Supply Management’s PMI, increased by 2.5 percent from July’s level to reach 58.8 percent. New orders, production, employment, backlog and exports also increased in August, setting the stage for continued growth in September. “August is usually a…

Electronics Companies Continue to Lead in Conflict Mineral Compliance

Electronics businesses that believe the so-called “conflict minerals” provision of the U.S. Dodd-Frank Act no longer applies to them should think again. Although SEC Acting Chairman Michael Piwowar recommended in April that the Securities & Exchange Commission not enforce the provision — which requires companies to disclose the origin of tungsten, tin, tantalum and gold…

Microsemi to Close China Manufacturing Facility

Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced the planned closure of its manufacturing facility in China. Focused on lower value discrete solutions, the devices manufactured at the facility are not aligned with Microsemi’s strategic direction, and company resources will be invested elsewhere in higher value,…