Analysts say industrial production may have peaked, and expect growth to return to more sustainable levels between 8.0% and 10% in 2011. Factory output is tipped to contract 3.2% on-month in December on a seasonally-adjusted basis after a surprise 1.1% expansion in November, according to the poll.
OpenPro offers Open Source ERP Software Solutions including Manufacturing ERP Software, Warehouse management and Business Management Software.
Activity in Singapore’s manufacturing sector grew for a third straight month in December but at a slightly slower pace than in the previous month due to sluggish growth in new orders, a survey showed on Tuesday. The Institute of Purchasing & Materials Management said its overall purchasing managers’ index (PMI) in December dipped 0.7 point from November to 50.7, while its PMI for the electronics sector slipped 1 point to 52.2.
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Singapore’s growth rebounded last quarter as manufacturing surged, capping the biggest annual increase in output since independence in 1965 and putting the economy on course to be the world’s second-fastest growing.
Gross domestic product rose an annualised 6.9% in the three months through Dec. 31 from the previous quarter, when it contracted a revised 18.9%, the trade ministry said in a statement today. The median forecast of eight economists surveyed by Bloomberg News was for a 9.4% expansion.
Armstrong Industrial Corporation, one of the leading foam and rubber component manufacturers specialising in noise, vibration and heat management for the car and electronics industries, says it plans to set up two new manufacturing plants in China over the next three years.
Armstrong has also raised the capital from $4.9 million to $6.5 million in its 80% owned Armstrong-Odenwald (Asia), a joint venture with German partner Odenwald-Chemie Gmbh.
Manufacturing, which accounts for about a quarter of the economy, climbed 31% in October from a year earlier, after a revised 26.8% increase in September, the Economic Development Board said in a statement today. The median estimate of 14 economists surveyed by Bloomberg News was for a 26.8% gain.
Achronix Semiconductor Corp, a privately-held fabless corporation based in San Jose, will manufacture their future Field Programmable Gate Arrays (FPGAs) products on Intel’s 22 nanometer (nm) process technology. Check out Intel’s view on the topic at this Intel blog post.
Intel opened a 300mm wafer fabrication facility in China, its first semiconductor manufacturing plant in Asia. – Intel opened the company’s first Asia-based advanced chip manufacturing
plant in China,
the company said Oct. 26.
quot;This manufacturing facility helps deliver on our vision to contribute
to sustainable growth in China while giving us better proximity to serve our customers
in Asia, quot; sai…
Manufacturing output grew 26.2% on year in September, according to data released by the Singapore Economic Development Board Tuesday. This was higher than the 18.9% median forecast of eight analysts polled by Dow Jones Newswires as well as all the individual estimates in the poll.
NEWS HIGHLIGHTS
SANTA CLARA, Calif., Oct. 19, 2010 – Intel Corporation announced today that the company will invest between $6 billion and $8 billion on future generations of manufacturing technology in its American facilities. The action will fund deployment of Intel’s next-generation 22- nanometer (nm) manufacturing process across several existing U.S. factories, along with construction of a new development fabrication plant (commonly called a “fab”) in Oregon. The projects will support 6,000 to 8,000 construction jobs and result in 800 to 1,000 new permanent high-tech jobs.
“Today’s announcement reflects the next tranche of the continued advancement of Moore’s Law and a further commitment to invest in the future of Intel and America,” said Intel President and CEO Paul Otellini. “The most immediate impact of our multi-billion-dollar investment will be the thousands of jobs associated with building a new fab and upgrading four others, and the high-wage, high-tech manufacturing jobs that follow.”
The PC industry is achieving a significant milestone this year with 1 million PCs shipping per day. The upgraded fabs create the capacity for the continued growth of the PC market segment and additional computing markets Intel is addressing, such as mobile and embedded computing.
The new investments reinforce Intel’s leadership in the most advanced semiconductor manufacturing in the world. Intel’s brand-new development fab in Oregon – to be called “D1X” – is scheduled for R&D startup in 2013. Upgrades are also planned for a total of four existing factories in Arizona (known as Fab 12 and Fab 32) and Oregon (known as D1C and D1D).
“Intel makes approximately 10 billion transistors per second. Our factories produce the most advanced computer technology in the world and these investments will create capacity for innovation we haven’t yet imagined,” said Brian Krzanich, senior vice president and general manager of Intel’s Manufacturing and Supply Chain. “Intel and the world of technology lie at the heart of this future. Contrary to conventional wisdom, we can retain a vibrant manufacturing economy here in the United States by focusing on the industries of the future.”
While Intel generates approximately three-fourths of its revenues overseas, it maintains three-fourths of its microprocessor manufacturing in the United States. This new investment commitment also allows the company to maintain its existing manufacturing employment base at these sites.
This new capital expenditure follows a U.S. investment announcement made in February 2009 to support state-of-the-art upgrades to its manufacturing process. Those upgrades resulted in 32nm process technology which has already produced computer chips being used today in PCs, servers, embedded and mobile devices around the world. Intel’s first 22nm microprocessors, codenamed “Ivy Bridge,” will be in production in late 2011 and will boost further levels of performance and power efficiency. By continuing to advance manufacturing process technology, additional features and functions can be integrated and enable devices with sleeker designs, higher performance and longer battery life at lower costs for users.
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About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.
Intel, the Intel logo, Atom and Core are trademarks of Intel Corporation in the United States and other countries.
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The following companies may have unusual price changes in Singapore trading today. Share prices are from the previous close. Singapore’s Straits Times Index fell 0.3% to 3,097.63.
Shipping companies: The Baltic Dry Index of commodity-shipping rates fell 0.9% in London yesterday, taking its two-day decline to 2.3%. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, dropped 3.8% to $1.77. Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, slipped 1.8% to 27 cents. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, gained 2.1% to $13.78.
City Developments (CIT SP): Singapore’s second-biggest developer sold an office block in the city-state for $215 million, or $1,956 per square foot, the local press reported, without citing anyone. The stock was unchanged at $12.76.
Keppel Corp. (KEP SP): The world’s biggest oil-rig builder said its Keppel FELS unit got two contracts, valued at about US$101 million ($133 million), to complete and refurbish two semisubmersible drilling rigs respectively for Saipem SpA and Ensco Plc. Its shares lost 0.9% to $8.98.
Manufacturing Integration Technology (MIT SP): The supplier of automated equipment for the semiconductor industry said it won contracts valued at $17.4 million. Its shares were unchanged at 14 cents.
Yanlord Land Group (YLLG SP): The Singapore-listed developer of residential projects in China said it bought a land parcel in Shanghai for 2.89 billion yuan ($568 million). Yanlord increased 1.7% to $1.75.
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Lizhong Wheel Group, the China-based manufacturer of aluminum alloy wheels, says wholly-owned subsidiary, Baoding Lizhong Wheel Manufacturing Co. has established New Thai Wheel Manufacturing Co. to develop, manufacture and sell aluminium alloy wheels and its related parts from Thailand.
STATS ChipPAC today opened its new 300mm embedded Wafer-Level Ball Grid Array (eWLB) manufacturing facility in Yishun.
In April, STATS ChipPAC became the first in the world to implement 300mm eWLB wafer manufacturing capabilities and has shipped over 35 million eWLB units to date.
