More Than Half of Silicon Valley Firms are Outsourcing
More than half of Silicon Valley companies are outsourcing, according to a survey released on Thursday by Santa Clara University.
Oct 05, 2005
More than half of Silicon Valley companies are outsourcing, according to a survey released on Thursday by Santa Clara University.
More than 53 per cent of Silicon Valley companies surveyed this month reported that they outsource a portion, or all, of their operations, according to the survey.
While outsourcing remains a large component of how businesses operate in Silicon Valley, a couple of sectors have been scaling back on their use. Manufacturing has seen a notable decline, Belotti said.
In August, 39 per cent of companies surveyed reported that they outsourced their manufacturing operations during the past three months. That was down from 48 per cent two years earlier.
Belotti said: "Much of this drop was in the semiconductor and electronics area."
He noted that the pullback may stem from more Silicon Valley companies hiring locally for manufacturing jobs, especially in the computing and electronics areas. In August, the region posted a seven per cent year-over-year increase in computing and electronics manufacturing jobs.
More than 53 per cent of Silicon Valley companies surveyed this month reported that they outsource a portion, or all, of their operations, according to the survey.
While outsourcing remains a large component of how businesses operate in Silicon Valley, a couple of sectors have been scaling back on their use. Manufacturing has seen a notable decline, Belotti said.
In August, 39 per cent of companies surveyed reported that they outsourced their manufacturing operations during the past three months. That was down from 48 per cent two years earlier.
Belotti said: "Much of this drop was in the semiconductor and electronics area."
He noted that the pullback may stem from more Silicon Valley companies hiring locally for manufacturing jobs, especially in the computing and electronics areas. In August, the region posted a seven per cent year-over-year increase in computing and electronics manufacturing jobs.