| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Innovation Last Updated: Jan 19, 2012 - 7:43 AM


US multinationals' R&D hiring jumps in Asia; US lost more than quarter of high tech manufacturing jobs since 2000
By Finfacts Team
Jan 18, 2012 - 8:10 AM

Email this article
 Printer friendly page
General Electric dates from 1892 when Edison Electric, founded by Charles Edison (the famed inventor pictured in tableau) merged with a rival.

US multinational companies have focused almost all their new hiring of researchers in Asia in recent years and the region is poised to overtake the United Sates in terms of the allocation of resources to R&D (research and development). Meanwhile, the US has lost more that a quarter of high tech manufacturing jobs since 2000 - -  in sectors such as computers, communications, medical equipment, aerospace, pharmaceuticals and measuring devices.

In 2010, Andy Grove, the former Intel chief, commented on the impact on job creation of having high tech manufacturing offshored: "Startups are a wonderful thing, but they cannot by themselves increase tech employment. Equally important is what comes after that mythical moment of creation in the garage, as technology goes from prototype to mass production. This is the phase where companies scale up.

They work out design details, figure out how to make things affordably, build factories, and hire people by the thousands. Scaling is hard work but necessary to make innovation matter. The scaling process is no longer happening in the US. And as long as that's the case, plowing capital into young companies that build their factories elsewhere will continue to yield a bad return in terms of American jobs."

A large portion of engineering students in the US are foreigners; 57% of US doctoral degrees in engineering in 2009 went to foreigners, mostly from East Asia or India.

To continue reading this article, subscribe to Finfacts Premium for the low annual charge of €25.

It's a simple fact that in the prevailing economic climate, the provision of high quality content cannot be sustained through advertising alone.  If you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to  support the service.

This article can be accessed here.

Related Articles
403 Forbidden

Forbidden

Execute access is denied.


© Copyright 2011 by Finfacts.com

Top of Page

Innovation
Latest Headlines
2014 hottest year in Europe in 500 years - linked to global warming
Singapore fDi's Global City of the Future 2014/15; Dublin in fourth place
Facebook booked 48% of global revenues in Ireland in 2013; 0.34% of profits
Two extreme climate tales: ThuleTuvalu - melting and sinking
EU Industrial R&D Scoreboard: Tax-inverted brass-plate companies dominate in Ireland
Online payments firm Stripe founded by Limerick brothers valued at $3.5bn
Global Entrepreneurship 2015: Ireland in 12th rank in Europe, 17th in world for business startups
Tech accelerators and their value in Ireland and elsewhere
Irish venture capital funding of startups in 2014 plunges to 5% of total
Research on 3,000 tech startups since 1980: Grow fast or die slow
Innovation: China to overtake EU, US in science & technology spending in 2019 says OECD
Web Summit to select location for conference in Asia - Part 2
Web Summit expands to Asia - Part 1
Innovation: When Swiss quality is a barrier to success abroad
Web Summit 2014: Robots, humans and fallible technology
Intel Capital announces $62m investment in 16 startups
Web Summit 2004: Europe's top tech conference opens in Dublin
Web Summit 2014: VC funding this year led by US, China, Europe and Israel
Dublin Web Summit 2014: Separating hype and reality
Apple says it may have to pay Ireland back tax; Foreign tax rate at 4.4%
'Patent box' tax schemes based on substance; Anti-evasion deal for signing in Berlin
Twitter disappoints with user growth, revenue forecast
Facebook engineers loss in UK in 2013 - collects tax refund
Deloitte global survey shows Irish CIO innovation budgets remain insignificant
Apple's new bigger-screen iPhones a big hit as earnings jump
Irish Innovation: Bruton announces plans for 5 new "world-class" research centres
Google's third-quarter earnings lower than expected
Replacing the Double Irish with Knowledge Development / Patent Box - Part 2
Generation Y challenges private banking DNA
AbbVie reconsidering $54bn tax inversion takeover of Dublin-headquartered Shire
French economist wins Nobel Prize in Economic Sciences
Irish Universities: Ready to change and world class at what price?
New crowdfunding website for Ireland launched
Airbus A320neo has maiden flight and thousands of orders
Entrepreneurship Myths: Incubators useless? Peak age to start? Cloning Silicon Valley?
Rising rents pushing startups out of tech hubs
Apple says it sold 10m iPhone 6 models in 3 days from Friday
Intel to invest $6bn in Israel with 5% tax rate; To increase 10,000 payroll
Ireland: Highest manufacturing productivity per person in EU thanks to US drugs firms
Apple on Tuesday launched smartwatches, big iPhones and payments wallet