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ISA WINWire October 21 - 28 2011


India to overtake China in 2014: Ernst & Young report

Source: IBEF, October 25 2011

India will overtake China in 2014, according to a forecast by the Ernst & Young's report on Rapid Growth Markets (RGMs). In 2014, India is expected to grow at 9 per cent while China is expected to grow at 8.6 per cent. India and China would probably be less impacted among the 25 Rapid Growth Markets (RGMs) in case of a deterioration of the Eurozone debt crisis. The overall outlook for India remains positive and economic growth will steadily accelerate during 2012. "India's consumption-led economy continues to make the country a highly attractive investment destination in the short to medium term. Its domestic demand-driven growth model has helped the country weather the volatility in the global markets, providing significant growth opportunities to businesses," according to Farokh Balsara, Partner & India Markets Leader, Ernst & Young India.

TSMC chairman urges government to cherish Taiwan's industry

Source: Taiwan News Online, October 25 2011

Morris Chang, chairman of Taiwan Semiconductor Manufacturing Co. (TSMC), urged the government Tuesday to cherish the semiconductor industry in the same way the governments of the United States and South Korea do. Chang said TSMC is now one of the top three semiconductor manufacturers in the world and added that its rivals -- Samsung of South Korea and Intel of the United States -- are highly cherished by their governments. Chang made the remarks at a medal-conferring ceremony presided over by President Ma Ying-jeou to honor 12 outstanding people as part of a series of activities to mark the Republic of China centennial. He said that after more than two decades of efforts, TSMC has become a leading semiconductor manufacturer, while Taiwan has turned from an irrelevant country in terms of the information industry to one of the most important. With more than 80 percent of the company's staff in Taiwan and over 90 percent of its investments local, Chang said that "we hope society will cherish us as we make our efforts." The company will keep working hard and believes that it will fare even better in the future, he went on. Chang later said that he was not uttering grievances, nor was he asking for government assistance, but simply stating the fact that South Korea and the U.S. cherish Samsung and Intel, respectively, very much. Stan Shih, founder of Acer and another medal recipient, said that although he retired from Acer in 2004, he has not retired from the industry. He said he has since devoted himself to the nurturing of talent and the promotion of Taiwanese brands for the development of the nation's economy. He also said he hopes to make use of enterprise resources for cultural and artistic activities to help upgrade the spiritual lives of both the public and the enterprises.

Anita Borg Institute partners with India Semiconductor Association to provide new track at Grace Hopper Celebration of women in computing India

Source: MarketWatch, October 25 2011

The Anita Borg Institute for Women and Technology has partnered with the India Semiconductor Association (ISA) to provide a new track at the Grace Hopper Celebration of Women in Computing India, December 14-16, 2011 at the KTPO Trade Centre, Bangalore, India. ISA is the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry and has represented it since 2005. ISA is committed towards building global awareness for the Indian ESDM industry and supporting its growth through focused initiatives in developing the ecosystem. The ISA session on Women in Technology - Semiconductor, Systems and Electronics will take place on Thursday, December 15th and features a panel discussion on "Opportunities and Growth in the Semiconductor industry." Eminent panelists from ISA member companies will share their views on the opportunities and growth potential in the semiconductor industry. The panel will also touch upon the innovation that lies ahead and challenges faced.

I.B.M. names Virginia Rometty as new Chief Executive

Source: Steve Lohr, The New York Times, October 25 2011

Virginia M. Rometty, a senior vice president at I.B.M., will be the company’s next chief executive, the directors announced on Tuesday. She will succeed Samuel J. Palmisano, 60, who will remain as chairman, at the start of next year. Ms. Rometty, 54, is well known within the technology industry, but not widely beyond. She has led strategically important divisions of the company as it has shifted to services and products with high profit margins, like software that mines vast troves of corporate and online data for sales and cost-saving opportunities. The directors’ choice of Ms. Rometty, who managed a crucial merger as well as sales in fast-growing new markets, ends a competition that has been under way for years. The leading candidates were always from within the company’s executive ranks.

Indian manufacturing mega-parks to create 100 million jobs

Source: Sarah Falson, Manufacturers' Monthly, October 26 2011

The Indian government has passed a manufacturing policy that it claims will generate 100 million jobs over the next 10 years. The policy, announced by Indian Trade Minister Anand Sharma, will make way for seven new industrial ‘zones’ or mega-manufacturing parks. These parks will reportedly make way for lower taxes and faster permits for manufacturers setting-up there, and will also make it easier for businesses to comply with national labour laws. These zones will measure a minimum 12,355 acres each, with the locations for the zones to be chosen by state governments, who will have shares in the zone alongside private investors. A Bloomberg report says the government has also committed to setting-up a fund to compensate workers if they are made redundant. “The idea is to raise the share of manufacturing to 25 percent by 2022 and create jobs,” Sharma said, according to Bloomberg.

The GSA bestows its highest honor to Dr. Henry Samueli- Broadcom visionary wins Dr. Morris Chang Exemplary Leadership Award

Source: MarketWatch, October 26 2011

The Global Semiconductor Alliance (GSA), the voice of the global semiconductor industry, proudly announces the 2011 winner of the Dr. Morris Chang Exemplary Leadership Award: industry pioneer and co-founder of Broadcom Corporation, Dr. Henry Samueli. He will be presented with this lifetime achievement award during the GSA Awards Dinner Celebration on Thursday, Dec. 8, 2011, at the Santa Clara Convention Center in Santa Clara, Calif. Dr. Samueli is currently Broadcom's Chief Technology Officer. "Dr. Samueli had the foresight, innovation and belief that a semiconductor company could become highly successful without having to fabricate their own chips," said Jodi Shelton, co-founder and president of GSA. "There are very few individuals in the semiconductor industry whose contribution and vision has benefited the fabless industry in such a profound way." Established in 1999, the first GSA "Exemplary Leadership Award" was given to Dr. Morris Chang, chairman and chief executive officer of Taiwan Semiconductor Manufacturing Corporation (TSMC). Today, the Dr. Morris Chang Exemplary Leadership Award recognizes individuals for their exceptional contributions, exemplifying how their vision and global leadership have transformed and elevated the entire semiconductor industry.

LSI to acquire SandForce for $370 million

Source: Dylan McGrath, EETimes, October 26 2011

Chip maker LSI Corp. said Wednesday (Oct. 26) it signed a definitive agreement to acquire SandForce Inc., a supplier of flash processors for solid state drives, in a deal worth about $370 million. LSI (Milpitas, Calif.) will pay about $322 million in cash—net of cash assumed from SandForce—and assume about $48 million worth of unvested stock options and restricted shares held by SandForce employees, the company said. "Adding SandForce's technology to LSI's broad storage portfolio is consistent with our mission to accelerate storage and networking," said Abhi Talwalkar, LSI president and CEO, in a statement. "The acquisition represents a significant, rapidly growing market opportunity for LSI over the next several years."

Sony buys out Ericsson in JV

Source: evertiq, October 27 2011

ISony Ericsson is to become a wholly-owned subsidiary of Sony. The transaction, which has been approved by appropriate decision-making bodies of both companies, is expected to close in January 2012, subject to customary closing conditions, including regulatory approvals. Sony Corporation ("Sony") and Telefonaktiebolaget LM Ericsson ("Ericsson") today announced that Sony will acquire Ericsson’s 50 percent stake in Sony Ericsson Mobile Communications AB ("Sony Ericsson"), making the mobile handset business a wholly-owned subsidiary of Sony. The transaction gives Sony an opportunity to rapidly integrate smartphones into its broad array of network-connected consumer electronics devices - including tablets, televisions and personal computers- and takes into account the evolution of the market toward smart phones, Sony stated. The transaction also provides Sony with a broad IP cross-licensing agreement and ownership of five essential patent families. Ericsson is to receive EUR 1.05 billion cash payment in the deal.

India's first tele incubator in Kerala

Source: CIOL, October 27 2011

India's first telecom business incubator will be set up in Kerala under Infosys co-founder and Executive Co-chairman Kris Gopalakrishnan. The Indian Telecom Innovation Hub will focus primarily on student start-ups from college campuses and would be modelled on technology incubators in the Silicon Valley, an official press release said Thursday. "With the launch of Telecom Innovation Hub, the aspiring young entrepreneurs of the state will get an opportunity to work closely with big companies and create path breaking technologies," said Kerala Industries and IT Minister P K Kunhalikutty. The National Science and Technology Entrepreneurship Development Board (NSTEDB) of the central government's Department of Science and Technology, Technopark and MobME Wireless have joined hands to set up the hub. It aims to incubate 1,000 product start-ups over 10 years and start the search for a billion dollar company from a college campus by the turn of this decade. Gopalakrishnan has agreed to be the chief mentor of the hub.

SanDisk's co-founder Harari recognized by CEA

Source: EETimes, October 27 2011

SanDisk Corp.’s co-founder and former CEO Eli Harari was inducted into the Consumer Electronics Association CE Hall of Fame at CEA’s Industry Forum on Tuesday. At the San Diego ceremony, Harari was recognized for his vision and leadership as SanDisk grew from a Silicon Valley startup into a Fortune 500 company with revenues approaching $5 billion in 2010. SanDisk invented flash mass storage cards, which sparked the digital photography revolution and spurred the emergence and growth of digital music and digital video; and pioneered the USB flash drive, which ranks among the most popular forms of digital storage. SanDisk also supplies the embedded and removable flash storage products for smartphones and tablets and solid state drives.

Compiled by ISA Research

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