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Trevor Galbraith
Europe Editor-in-Chief
Global SMT & Packaging
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still
China
Global SMT & Packaging
Electronics Second
Research Institute
In a democratic society, and even an indus- be affected the most, simply because they
No.159, Hepin South Road trialized communist one such as China, operate on such meager margins; they rely
Taiyuan City, PO Box 115, Shanxi,
a government’s primary focus should be on growth to keep feeding the juggernaut.
Province 030024, China
Tel: +86 (351) 652 3813
to create the conditions for businesses to They are also much more exposed to the
Fax: +86 (351) 652 0409 thrive. From this basic tenet everything else consumer market, which is in the tank
flows: income, prosperity, taxation, etc. across the western hemisphere.
Editor-in-Chief
Trevor Galbraith
Recent moves by governments around However, most consumers today are
Tel: +44 (0)20 8123 6704 (Europe) the world to shore up ailing banks should ‘gadget freaks’ to one extent or another,
Tel: +1 239 567 9736 (US)
not be seen as a backward step to a socialist and the constant offerings from companies
E-mail: editor@globalsmt.net
agenda but simply as a stabilization package such as Apple and others will not keep
Managing Editor
to give these institutions sufficient breath- them away from the stores for long. My
Heather Lackey
ing space to correct their delinquent loan prediction is that the largest cuts will be in
Tel: +1 (828) 231 9434
E-mail: hglackey@globalsmt.net
accounts and get back on track. In other Asia, with a much softer downturn in the
words, the governments are maintaining US and Europe through 2009. Best esti-
China Regional Editor
the conditions for businesses to continue mates for a return to normal growth is Q3
Lu Shuzhen
Tel: +86 (351) 652 3813
to exist and grow. for the United States and Q4 for Europe.
E-mail: lsz6401@163.com
So, how will this affect the electronics Downturns, like upturns, also bring op-
manufacturing industry? Will it restrict portunities. Some companies diversify into
China Regional Editor -
Website & Newsletters
credit for new equipment purchases? Will other industries or expand their products
Christine Zhang
it restrict overdrafts to fund cash flow? and brands geographically. Richard Bran-
Tel:+86 13311021565 There are very few signs of this happening son, the CEO of Virgin said, “You have to
E-mail: czhang@globalsmt.net
yet. Till now, it would appear that fiscally, bet the house every three years to keep on
Hungary Regional Editor
the EMS industry is in a different cycle to track”. A scary prospect, but unfortunately,
Miklós Lambert the rest of the world, but there is evidence a truism—nothing stands still.
Tel: +36 (30) 3 113 123
of semiconductor shipments slowing and
E-mail: lambert.jr@elektro-net.hu
some companies, such as Foxconn and Trevor Galbraith.
India Regional Editor Flextronics, making large cuts. The tier one
Debasish Choudhury
and tier two manufacturers are likely to
Tel: +91 120 6453260
E-mail: dchoudhury@globalsmt.net
Japan Regional Editor
Yoshinobu Anbe
Tel: +81 (0) 45-937-6023
E-mail: anbe@anbesmt.co.jp
Korea Regional Editor
Amy Kim
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E-mail: akim@globalsmt.net
UK/Ireland Regional Editor
Jade Po Kellard
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E-mail: jkellard@globalsmt.net
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2 – Global SMT & Packaging – November 2008 www.globalsmt.net
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