Two weeks ago, the Alphatec group announced that Texas Instruments of the U.S. was pulling out of two semiconductor ventures because Alphatec could not raise its share of the funding. CEO Charn Uswachoke is now negotiating with Motorola. Here's what's happening in other industries. The company hopes this will help it compete in the world market. But labor unrest is brewing.
Some companies are luckier.
There is a feeling of optimism among managers, who feel they have an edge. Tuntex is the exception. They didn't spend on new machinery, and with rising labor costs, it is proving harder to compete. Reality has finally arrived. Service industries are also feeling the pinch.