This article is about how the Renesas Electronics Corporation is trying their best to reopen their plant which makes chips to control operations in cars. Production had been halted since earthquake hit Japan on March 11th. This poses a huge problem as this corporation had been responsible for 40% of all car control chips. They are aiming to bounce back to 5% of their normal production, which doesn't seem like much, but every bit helps at this point. Also, its important that the previously unemployed works are able to go back to work and provide an income for their families. Hopefully this endeavor will prove successful.
http://online.wsj.com/article/SB10001424052748704099704576288953421406410.html
Phil Mancini
Armel / Friday @ 10:00 am
This proves the point of the idea that certain corporations get so big that they pose major issues when they fail or can no longer meet demands. This is also the fault of auto manufacturers who chose to source their parts from single and or common suppliers which puts their production capabilities at risk. All this translates into higher prices and fewer units. Our economic futures are so interconnected to the point where we no longer have control over our economic security. I am not worried because I am sure there will be a solution to this.
ReplyDeleteThomas Zabaleta
Armel 10 A.M.