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Congress passes CHIPS act Congress passed its historic $52 billion federal program to boost domestic chipmaking but included one significant caveat: Companies that get funding can’t increase production of advanced chips in China. It adds to escalating geopolitical tensions and will hit firms like Intel and TSMC https://www.washingtonpost.com/us-policy/2022/08/09/micron-40-billion-us-subsidies/?utm_source=feedly&utm_medium=referral&utm_campaign=wp_business This is compares to China, which has […]

Sales are up BUT book-to-bill is down for PCBs IPC announced today the June 2022 findings from its North PCB Statistical Program. The book-to-bill ratio stands at 1.03.IPC announced today the June 2022 findings from its North PCB Statistical Program. The book-to-bill ratio stands at 1.03. Total shipments in June 2022 were up 17.1 percent

Peloton and Stan Shih’s Smile Peloton announced that they were getting out of actually making things. They hope to get rid of all the lowest value activities and mfg is low value. Chief Supply Chain Officer Andrew Rendich calls it “Partnered Manufacturing”. Many industries use contract manufacturers: aerospace, defense, electronics (called contract manufacturing or CM),

Welcome to the Inaugural HeyScottie Newsletter! Fetching you interestingnews and insights in US Manufacturing Manufacturing Wages Skew Lower Than Other Sectors McKinsey’s Latest Mind the Gap Newsletter (their cleverly named Gen Z newsletter) has interesting data on wages (link here). It shows that the manufacturing sector is currently the lowest-paying sector , according to the