The semiconductor market will grow 23% in 2002 to $374 billion, buoyed by this year's inventory cutting and renewed consumer demand, according to US technology market forecaster, Semico Research.
Manufacturers are turning to the domestic market to maintain output, given the local economic climate compared to that of Australia's major export destinations. The Australian Industry Group's latest Performance of Manufacturing Index showed strengthening activity through 2001, and with the recent cut in interest rates stimulating demand and encouraging investment, the domestic outlook is increasingly positive.
Mayer Krieg and REC Electronics have merged and will trade under the name of Mayer Krieg. The merger creates a components and subsystems vendor valued at over $50 million. However, in the merger 10% of the workforce will lose their jobs.
Protel International has been renamed Altium Limited. As of August, all corporate, sales, support and promotional activities will take place under the Altium name, and all operating subsidiaries will also be renamed.
Elpida Memory have chosen Hitachi Australia to distribute their products in Australia and New Zealand.
Following the opening of offices in NSW and Victoria, managed by Jorg Lange, and Brian Catley respectively, Trio Electrix has announced the opening of a Brisbane office.
WIKA Australia has opened an office in Brisbane.
Rittal and Phoenix Contact have relocated to new premises in the Adelaide suburb of Torrensville, offering a central location for transport and customer support.
Cabac and Namlea Data Systems have merged as part of a growth strategy for the Cable Accessories Group.
Siemens has broken what it claims is a world record for data transmission capacity by transmitting 3.2 Terabits per second of traffic on standard optical fibre under real conditions.
In the wake of the Federal Government's new Innovation Action Plan, leading industry groups have called for more to be done to raise the profile of R&D and innovation in Australia.
Melbourne-based Innovonics Ltd has agreed to design, build and supply EDI Rail with communications and surveillance equipment sets for the first 20 trains of Sydney's latest fleet over the next two years.
Australian electronics concern Omnitech Holdings announced it had secured multi-million dollar contracts in Brazil and China.
Philips Components has announced alliances with several technology companies, namely Cambridge Silicon Radio, Intersil Corp, Silicon Wave and WIDCOMM.