Finance

After suffering from a huge net loss in its financial 2002, Fujitsu announced impressive earnings of $452.9m (49.7bn Yen) in net income for its financial year 2003, which ended March 31. The number represents a significant improvement from the $1.11bn (122.1bn yen) net loss just one year ago. Net sales were up 3.2 per cent to $43.5bn (4.77 trillion yen) ...

The Government is considering asking for the return of a £3.75m regional selective assistance (RSA) grant from struggling PCB manufacturer Circatex. The Tyneside-based firm went into administration last month and has been put up for sale as a “going concern” by the administrators, Tenon Recovery. “The DTI is a secured creditor of Circatex in respect of the RSA paid, and ...

The Japanese are back. After the ‘lost decade’ of the 1990s when the Japanese semiconductor industry lost market share, under-invested and retrenched, the companies are now cock-a-hoop. Japan’s domestic market is booming, the local companies have cash to invest in new capacity, they have cutting edge process technology delivered by industry consortia and the electronics industry’s macro trends are moving ...

The government, Scottish Enterprise and Cadence Design Systems have announced the creation of an advanced chip design centre in Livingston, Scotland (EW, December 10). But the project, dubbed Alba, goes much further, with the setting up of degree courses at local universities and an intellectual property (IP) exchange centre. The design centre will create between 1,800 and 1,900 jobs, giving ...