For most companies that make consumer products, i believe the average time to bring new products to the market can be as low as 3 to 4 months. It is a must that companies need to be on the constant outlook for partners and vendors.
This is true of many companies. The level of growth of idea and upspringing innotation are far more that the financial strength of some of these companies. The best idea is to share the cost with other companies because it helps to bring the products to the market within an appreciable time.
jbond..I totally agree with your post. Companies can't take on all the cost associated with innovation, they must share the costs with partners who can provide a value add. A foundry can invest in a new state of the art fab benefiting a multitude of customers. If each customer invested in their own processes from beginning to end, it would 1) be too costly and 2) redundant.
I think you are dead on with your assessment of TI. I think many companies are going to be looking at using partners for various processes. With such a great investment needed, particularly for just one segment, it makes more financial sense to use their partners to help reduce costs and overall risks.
Now a day’s growth of technology is very faster and hence new innovations are also happening. For example, in television sector we had seen the fast transaction phases from CRT to latest 3D technology. All this transactions happened and dominated only for a short period. Here the technology is growing and inventions are also happening very rapidly. Since the transition time frames are faster, nobody is able to take advantages of these interim products. Sam thing is happening for other key technology areas too. Now it’s the time for miniaturization and all the existing products are rebuilding for handy products.
Thanks for the post. If we look at the major cost factors, most of the spending happens in leading edge-process technology development and advanced 300mm fab. This is the reason why companies like TI are going fabless for Digital. By turning over more control of logic process development to its foundry partners, TI is offloading some of the risk and and reducing investment cost.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.