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ISA WINWire August 19 -26 2011


Solar Semiconductor to acquire Solar Infra of US

Source: The Hindu Business Line, August 19 2011

Solar Semiconductor, a solar photovoltaic panel maker, has announced that it has signed up to acquire Solar Infra Inc, based in the US. The company plans to focus on Indian market both for panel supplies and off-grid lighting-cum-water pumping solutions. The details of the acquisition, set to close shortly, were not disclosed. “The company, which has manufacturing capacity of 195 MW of solar photovoltaic panels, employing over 800 people, closed last fiscal with revenues of about Rs 800 crore.

National manufacturing policy ready for roll out

Source: iGovernment, August 19 2011

The government will finalise within a few weeks the national manufacturing policy, having completed the consultation process, Commerce and Industry Minister Anand Sharma said. "The cabinet note was signed yesterday. In a few weeks from now, India will have its first national manufacturing policy," Sharma said at the second export summit organised by the Confederation of Indian Industry. He said the new policy aims to increase the share of manufacturing in the country's gross domestic product to over 25 per cent by 2022 from the current level of nearly 16 per cent, reports IANS.

As PCs wane, companies look to tablets

Source: Verne G. Kopytoff and Ian Austen, The New York Times, August 19 2011

Although the world is dependent on personal computers, making them has not been a great business for most American companies for almost a decade. The announcement on Thursday by Hewlett-Packard that it was considering offloading its PC business, even though it is the undisputed worldwide market leader, was a clear sign of the difficulties. If H.P. goes through with the idea, it would follow I.B.M., an early PC maker, which was one of the first to recognize the long-term problems and, in 2005, sold its business to Lenovo, a Chinese company. Other American makers like Compaq (acquired by H.P.), Gateway and Packard Bell were absorbed by others or just faded away. Depending on how H.P. sheds the unit — it could sell or spin it off as a separate company — only two American PC makers would remain.

IC market to top US$300 billion in 2013, says IC Insights

Source: Jessie Shen, Digitimes, August 24 2011

Momentum that carried the IC industry to one of its strongest growth years in history in 2010 has dissipated, and the feeling of optimism that was evident at the start of 2011 has been replaced with sentiments of caution, uncertainty and hesitancy as economic headwinds have put a damper on forecast growth, according to IC Insights. IC Insights previously revised downward its growth projection for the 2011 global semiconductor industry to 5% from the 10% previously estimated, and also cut its forecast for the chip market for the year from 10% to 4%. Despite the less bullish outlook, the research firm claimed that some positive news has emerged from data in its mid-year forecast.

Steve Jobs resigns as Apple CEO

Source: Dylan McGrath, EETimes, August 24 2011

Steve Jobs, the visionary and iconic leader who twice steered Apple Inc. to prominence, resigned Wednesday (Aug. 24) as CEO of the company he co-founded in 1976, citing lingering health issues. Apple (Cupertino, Calif.) said Jobs has been elected chairman of Apple's board of directors. Tim Cook, Apple's chief operating officer, was named the company's new CEO. Cook will also join Apple's board, the company said. Jobs has been on leave since January with undisclosed health issues. Cook has been Apple's acting CEO in Jobs' absence.

Compiled by ISA Research

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