It has, in the past decade, entirely revolutionised two parts of the consumer electronics business.
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But Boeing had also acquired North American Rockwell with its space business, and later gained satellite expertise by buying parts of Hughes's electronics business.
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The increase was supported by higher output of cars and parts for electronics items including smartphones and televisions.
The Electronic Systems business of Northrop Grumman coalesced from a series transactions that acquired parts of Westinghouse, Teledyne, L ITTon Industries and TRW. Raytheon grew to its current prominence by acquiring the old Hughes Electronics and parts of Texas Instruments.
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With myriad parts in the electronics business, tens of thousands of specialist merchants have arisen to handle their quirks.
During their monthly consulting sessions in the early 1970s, Peter Drucker and Mort Mandel, the then-CEO of electronics and auto-parts distributor Premier Industrial Corp.
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The device relies on the kind of off-the-shelf parts you might find in a smart phone or other piece of consumer electronics.
Policymakers need to think through how electronics is different from other parts of the military-industrial complex, and what combinations might be acceptable to the government customer.
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One was a kitchen chemistry set for growing crystals and the other a simple electronics kit, based partially around parts of a Snap Circuits set, that has kids building an electromagnet and lighting up an LED.
What she thinks and feels and buys (or wants to buy) will be very important to her employer and to the Chinese government, as there are hundreds of thousands like her working at car parts or electronics assembly lines.
Big delivery companies including UPS are seen as gauges of the economy because of the wide range of products they ship, everything from auto parts to consumer electronics.
Although little known in the West until a spate of factory suicides in 2009 brought the company notoriety, Foxconn makes components, parts and assembles devices for many of the world's largest electronics companies including Hewlett-Packard Co.
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Liaoning province has also enjoyed an influx of foreign investment in areas such as electronics and car parts, led by businesses from nearby South Korea and Japan.
This may be why, in some parts of the world, conglomerates are becoming even more diversified: witness Samsung Electronics, which is moving into pharmaceuticals.
The main contributors to the drop in output were electronic parts and devices, information and communication electronics equipment and chemicals, said the Ministry of Economy, Trade and Industry.
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