[quote=flu]F-22 program just got trimmed today. I wonder what impact that will have on Lockhead/martin.
Anyway, imho this is just the start of the unwind in the defense sector for big time defense co…almost like a repeat of the late 80ies and early nineties my parents and their generation went to through the boom bust boom of the defense industry.
Slightly good news is I’m seeing hardware/chip stuff picking up in smaller firms in parts of CA…co’s with business play in asia, which hopefully means that other parts of the commercial tech sector is not too far behind, particularly in NorCal.[/quote]
Hijack. I did call this back in July,especially demand coming from Asia…We shall see if these really are green shoots or just smoke and mirrors. Regardless, if your company doesn’t derive a majority business overseas now and moving forward, it’s time to find a new employer imho.
TAIPEI (Reuters) – Rising July sales at TSMC (Taiwan:2330.TW – News) and UMC (Taiwan:2303.TW – News), the world’s two biggest contract chip makers, provided further evidence of reviving demand for computers and other consumer gadgets.
Both Taiwanese firms’ sales were in line with market expectations as they flagged a stronger third quarter and raised capital spending forecasts for this year.
Analysts said sector leader TSMC (NYSE:TSM – News) used advanced process technology to churn out more chips for its customers as a new crop of laptops and mobile phones requiring powerful chips hit store shelves.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said on Monday it had unconsolidated sales of T$30.28 billion ($923 million) last month, flat from a year ago but the largest monthly amount in nearly one year.
TSMC earns nearly half of its revenue from chips for communications products such as cellphones and counts Texas Instruments (NYSE:TXN – News) and Nvidia (NasdaqGS:NVDA – News) among its major clients.
On the same day after the Taipei stock market closed, United Microelectronics Corp (UMC) said its July sales reached T$8.81 billion, their highest since November, 2007.
