Economy in Mess

Mother Fab has announced that they will shutdown operation from 25th December 2008 till 7th January 2009. However the construction of Malaysian Fab will continue and we believe that we could accept delay in construction as the business window now has become wider.

The economic mess has certainly ceased the production in Germany. Nevertheless they anticipated that the demand will back again by 2nd half of next year. That sound good as the Malaysian Fab 1 will fully ready by September 2009.

Heard that most of the factories in Malaysia have ceased their operation by 60%. Some may work 3 days a week and even worst some factories just close down their operations. Not that they shift their operations elsewhere. The plants just don't receive new order.

Our Germany colleagues said that they will only buy cheap product for Christmas present. And this mean the Chinese product will be most sought after product this end of month.

And the technology product will remain slow, until the whole market correct themselves starting early next year.

In the mean time I hope none of our friends get retrench. Make a saving and invest like what warren buffet does. Read HERE