Manufacturing Round Up for the Week of 1/08/2016

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Turmoil In Chinese Marketplace Sparking Concern In Western New York

“The Chinese stock market ended trading Thursday after just 30 minutes, marking the second time this week that officials have suspending trading. The turmoil is prompting concern from some Western New York companies that do business in China. That includes Immco Diagnostics Inc. a Buffalo-headquartered company that sells diagnostic products for auto-immune and infectious diseases.”

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UR Gets Grant To Support Photonics Research

“The University of Rochester has been awarded $411,738 to support its photonics research efforts, U.S. Congresswoman Louise Slaughter, D-Perinton, announced Wednesday.”
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US Shows Robust 292K December Job Growth

“American employers added a robust 292,000 jobs in December, suggesting that the U.S. economy is so far defying global weakness and growing solidly. The strong figures underscore the resilience of the United States at a time of financial turmoil stemming from China’s slowing economy and plummeting stock market.”
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Integra Optics Investing More Than $1 Million In Automation, Robots In 2016

“Integra Optics is bringing automation to its Albany, New York, warehouse in 2016. The company makes fiber-optic equipment for cable, phone and wireless network platforms companies like Time Warner Cable and Verizon.”

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Rediscovering Fundamental Innovation

“Moore’s Law, which predicts that the number of transistors per chip will roughly double every two years, has held up past its expiration date, chugging along like a Martian rover that refuses to die. Yet, the long predicted end of Gordon Moore’s calculation, which has led to 20 to 30 percent growth for microprocessor-related businesses for almost 40 years, is finally drawing near.”
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Lifting Families Out Of Poverty And Into Advanced Manufacturing Careers

“In Rochester, N.Y., unemployment rates in some city neighborhoods exceed 30% and childhood poverty rates top national lists. As thousands of residents languish in poverty, across our region thousands of middle-skill jobs go unfilled because of a shortage of qualified workers.”
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