Re: Philips to close last UK Factory.(Glemsford)
I'm kind-of glad Philips has refocussed on monetizing IP rather than the low-level business of churning-out-stuff-to-consumers.
These days, 'fabrication' is cheap; the truly-wealth-creating end is the seriously-techie side of embedded algorithms and suchlike. The postgraduate brainpower to do this doesn't come cheap - but the physical on-chip implementation can be outsourced to silicon fab-plants in China etc.
As an example: look at ARM - they've got away from the hassle of physically making the melted-sand stuff and now sell their smartness for millions of pounds per year from a nice comfortable office on the outskirts of Cambridge.
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