Manufacturing Equipment|Equipment for processing, manufacturing, handling, inspecting, storing, and transporting raw materials and finished products.

A very compact instrument, containing oven heating block, gas pump, flow meter and controller and drying flasks, quickly carry out single determinations of water in aspartame and cyclamate tablets.

Metrohm’s 832 KF Thermoprep is a very compact instrument containing the oven heating block, a gas pump, a flow meter, a flow controller and two drying flasks Single determinations can be carried out quickly and time as well as cost-saving

Using a dry carrier gas, moisture is carried from the KF Thermoprep to the 831 KF Coulometer where the water is determined with a diaphragm-less generator electrode.

* the 831 KF Coulometer - the KF Coulometer has established itself for the determination of very small amounts of water.

Besides its extremely compact design, the KF Coulometer fulfils every Karl Fischer analysis task.

The clear display provides information about the relevant titration parameters and gives an unmistakable presentation of the course of titration in the form of a curve showing ug water against time.

Recommended measuring range: 10microg-200mg absolute water.

* About aspartame and cyclamate tablets - cyclamate is a non-caloric sweetener being approximately 30 times as sweet as sucrose.

Cyclamate used in combination with other low-calorie sweeteners results in the synergistic effect of increased sweetness compared to the sum of the two individual sweeteners.

Aspartame is a low-calorie sweetener being approximately 200 times as sweet as sucrose.

Aspartame is extremely unstable in the presence of moisture and undergoes hydrolytic degradation and subsequent loss of sweetness.

Hydrolytic degradation may be accelerated by elevated temperatures and is dependent on the pH value.

OTTAWA - The federal government should not further extend a temporary tax break that encourages the struggling manufacturing sector to invest in new productivity enhancing machinery and equipment, a business-backed think-tank says in a report that was immediately challenged by the industry itself.

It was right to allow manufacturers to writeoff such investments over a relatively short two-year period rather than over the full life of the investment, a tax incentive introduced in the 2007 federal budget that initially was to run for two years until the end of 2009, the Conference Board of Canada says. And it was right to extend that measure in this year’s federal budget for a third year to the end of 2010.

“Nevertheless, the conference board believes that this exceptional, tax-based assistance for investment should be allowed to lapse at the end of the planned period,” it adds in the analysis released Wednesday.Ditto for a parallel measure introduced by the Ontario government this year and that runs through 2010-11, which the board noted was also a welcome alignment of federal and provincial tax policy.

“It is appropriate for the federal and Ontario governments to help companies adjust to the extraordinary rise in the value of the dollar over the past six years,” said the board’s chief economist Glen Hodgson. “But making these measures permanent would distort investment toward the manufacturing sector and away from other sectors of the economy-which may lower Canada’s productivity growth in the long run.”

While the question for the two levels of government is whether the lifespan of the tax incentives gives manufacturers enough time to make the necessary investments to improve their productivity and competitiveness, the evidence to date suggests that “many manufacturers are taking advantage of the measure,” the report says.

Outside the auto sector, which is bearing the brunt of the adjustment to the strong dollar and the slump in the U.S. economy, investments in new machinery and equipment by other sectors, such as aerospace, food manufacturing and electronic equipment are projected to post double-digit growth this year and next, the board said.

“If governments wish to help specific manufacturing sectors and their employees to adjust to new economic realities, they should target any assistance to the particular circumstances of the sectors in question, not offer broad-brush solutions,” it said.

“Allowing the three-year window to close would also add credibility to government policy decisions aimed at aiding adjustment by businesses to very specific shocks,” it added.

The conference board’s recommendation, however, was flatly rejected as wrong headed by Jayson Myers, the president and chief economist of Canadian Manufacturers & Exporters, which sought to have the tax incentive extended further to five years.

“First of all, they are overestimating the strength of investment in the Canadian manufacturing sector … given the economic circumstances right now,” Myers said.

Many manufacturers’ bottom lines have been tightly squeezed by the strong dollar and the weakness in their largest export market, the U.S., and they haven’t had, and won’t have, the cash flow to take advantage of the tax incentive before it ends, said Myers.

Further, large capital investments often need several years of lead time, Myers said, suggesting the board’s analysis is the product of ivory tower thinking and not related to the real world of business.

Myers also challenged the think tank’s claim that if the tax incentive was long-term it would result in a shift in investment to that manufacturing from other sectors and hurt overall productivity.

“This is not about investing in manufacturing versus any other sector, it’s about investing in productive assets, in equipment that produces things of greater value,” Myers said. “And manufacturing equipment does that.”

The wars in Iraq and Afghanistan have been good for the Rock Island Arsenal, business leaders at a forum Tuesday sponsored by DavenportOne were told by brass at the installation.

Since Oct. 1, 450 new employees have been hired by the Joint Manufacturing & Technology Center, and the operation is twice the size it was five years ago, Col. Craig Cotter, commander of the division, told the crowd of 150 who gathered at the Radisson Quad-City Plaza Hotel in Davenport.

“We’re manufacturing a lot more stuff now than we have in recent memory,” Cotter said. “Where five years ago, $100 million in new orders in a week would have been good business, last week we had $430 million in new orders.”

The division, which makes parts for military equipment, is also doing things it has never done or has not done in years, Cotter said. New operations include making armor kits for military vehicles. It is also making replacement parts for small arms, something it hasn’t done in 25 years.

The Base Closure and Realignment Commission, or BRAC, which in 2005 decided to transfer more than 1,600 jobs away from the Arsenal, also agreed to bring the 1st Army from Georgia and the River Bank Army Ammunition Plant from California to Rock Island by 2011, said Joel Himsl, garrison manager.

Those two operations should bring in 650 military and civilian personnel, Himsl said.

Iowa U.S. Sen. Tom Harkin told the gathering that he and other members of the Iowa and Illinois congressional delegations are trying to bring the Army Expeditionary Contract Command to the Arsenal, a move that could result in a few hundred new jobs. In March, the delegation sent a letter to Army Secretary Peter Geren urging the placement as a good fit with the Army Sustainment Command already on the island.

With war on two fronts, the Arsenal is busy turning out material in support of U.S. troops, Harkin said. As the fighting winds down, Department of Defense priorities will change and shift away from manufacturing. That will make it more important to have agencies with other missions stationed there.

“For the future, I want to keep the Arsenal out of the jaws of the BRAC process,” Harkin said.

In the manufacturing division, Cotter said, he wants to move away from strict production of steel products and branch out into “more exotic alloys, composites that are lightweight. That is something we need to get good at.”

The division has a solicitation “out on the street” for a furnace that can handle titanium, a metal that can be formed into alloys with other metals to produce strong, lightweight, corrosion-resistant materials for aerospace, military, industrial and other uses, Cotter said.

In support of the Arsenal, the community must continue to look after the needs of transient soldiers and employees and market the Quad-Cities as a package so that military personal and contractors will want to locate here, some of the panelists said.

“With the 1st Army coming in, we have to show how welcoming we are and we have to accept the mobility that comes with that deployment,” said Jyuji Hewitt, deputy commander of the Arsenal’s Joint Munitions Command. “We have to make conditions so that they may want to stay here when they retire.”

Col. Robert Sinkler, commander of the U.S. Army Corps of Engineers Rock Island District, said it is important to make the outside world realize that the Arsenal is located in a metropolitan area of 350,000, with everything that a large city has to offer, instead of in a city — Rock Island — of 40,000.

“When people think of the Rock Island Arsenal, they need to think of a community of nearly a half million people,” Sinkler said. “We need to make the Rock Island Arsenal a place where people want to put things. The more we can market the Quad-Cities as on the cutting edge of technology, the better it will be.”

When 2007 ended, China’s installed base of wind power totaled just over 6 gigawatts (GW), earning the country fifth place among the world’s largest wind energy producers (after Germany, the U.S., Spain and India), up from sixth place in 2006. Wind power industry statistics show that by the end of 2008, China’s total installed base of wind power production will have reached 10 GW; some experts are estimating that by 2010, the total installed capacity for wind power generation in China will reach 20 GW and that by 2020 China’s installed base of wind power will total 100 GW (current global wind installation is 94 GW).

In 2007 an estimated 24 billion Yuan [approximately US $3.28 billion] was invested in China’s wind energy sector. Not surprisingly, this level of investment has spawned an industry — local manufacturers are responding by producing the equipment and components that the wind energy industry requires to sustain this growth.

It is conservatively estimated that between 2006 and 2015, 100 billion Yuan [US $14.5 billion] will be spent on equipment and component purchases to further develop China’s wind power industry. According to the Ministry of Commerce, by the end of 2006 there were more than 100 Chinese companies manufacturing equipment and components for the wind industry.

Foreign wind power equipment manufacturers, including the most significant international wind turbine manufacturers, Vestas, Suzlon, Gamesa, Nordex Corp., Honiton Energy Ltd. and GE Energy, have aggressively engaged this market. Though foreign wind turbine manufacturers’ share of the market has declined from nearly 75% a few years ago to 55% now, the foreign presence in China’s wind industry remains significant.

Foreign wind power equipment manufacturers have made strategic investments in China, allowing them to remain dominant even as indigenous Chinese wind equipment capabilities grow. At EU €60 million, Gamesa’s factory in Tianjin, which manufactures wind turbines, is the Spanish company’s second largest foreign investment (after the United States).

Also located in Tianjin is Vestas’ Wind Turbine Equipment (China) Co. Ltd., which manufactures blades and does wind turbine assembly.

Nordex has located two of its three manufacturing centers in China and has established the company’s Asia headquarters in Beijing. In the next three years, Nordex expects to invest an additional 500 million Yuan [approx. US $71 million ] to grow its business in China four-fold. GE Energy’s Shenyang wind turbine plant produces 1.5-MW-class wind turbines.

Localization of Equipment Manufacturing

To help spur the development of an indigenous wind power equipment and components industry, Beijing has mandated that all new wind power projects have at least a 70% Chinese component. Wind power equipment manufacturers also now enjoy a 50% discount on value added taxes (VAT) payable in China.

On April 23, 2008 the Ministry of Finance announced two changes to import tariff regulations with respect to the wind power industry, further spurring development of Chinese wind power equipment manufacturing. The first change, effective January 1, 2008, implemented a tariff and VAT rebate program for imports of parts and raw materials used in the manufacture of wind turbines. This change was significant because a large percentage of parts and raw materials used in the manufacture of wind turbines still must be sourced from outside of China.

The second tariff change, effective May 1, 2008, eliminated the tariff-free importation of wind turbines less than 2.5 MW. This tariff change is a strong indicator that the Chinese wind turbine industry is maturing rapidly; as recently as late 2007 Chinese wind power equipment was incapable of producing megawatt-class wind turbines.

Megawatt-class turbines are increasingly produced domestically and the elimination of tariff-free imports of wind turbines less than 2.5 MW in size will give added impetus to the domestic production of increasingly large wind turbines.

The economics of the wind power equipment industry are quite favorable. At present the cost of construction of wind power in China is approximately 8000-9000 Yuan/Kw [US $1170-1315 /kw] and 60% to 70% of those costs are equipment purchases. Because many of the most important Chinese wind power equipment and components companies have grown out of large industrial companies (including several public companies), there appears to be sufficient financial strength for these companies to grow.

Funds to finance new wind power equipment and component manufacturing in China have come primarily in the form of commercial bank loans, retained earnings and equity investments.

Turbines

According to Steve Sawyer, secretary general of the Global Wind Energy Council, by 2009 China will become the world’s largest producer of wind turbines. At present China has at least 40 wind-power turbine manufacturers: 17 are state-owned or state-controlled companies, 12 are private Chinese companies, 7 are joint-venture companies and 4 are wholly foreign-owned companies.

Though China has yet to export wind turbines, China’s two largest wind turbine manufacturers — Xinjiang Jinfeng (Goldwind, whose December 2007 initial public offering (IPO) was the first pure-play wind power equipment Chinese stock offering in the U.S.) and Sinovel — have plans to export in 2009 and 2010.

Many of the largest wind turbine and other equipment manufacturers have licensed technology from western companies, including from AMSC Windtec, REpower, Aerodyn, Vensys and Garrad Hassan. Most of the largest Chinese wind turbine manufacturers have begun to produce 1.5-MW wind turbines and gradually these Chinese wind turbine manufacturers, having purchased designs for 2-, 3- and 5-MW wind turbines, are developing prototypes of larger wind turbines.

Bearings

The Chinese wind power industry continues to depend on imports for its supply of bearings. However, this dependence may be short lived. On December 11, 2007, the Timken Company entered into a joint venture agreement with the Xiangtan Electric Manufacturing Co., Ltd. to manufacture ultra-large bore bearings for the main rotor shafts of megawatt-class wind turbines. The bearings will be manufactured in China with some of the bearing materials and components coming from the U.S. The new US $38 million plant, which will be located in Hunan Province, will begin construction in 2008. Timken will have an 80% interest in the new venture.

Blades

The largest wind turbine blades to be manufactured in China to date (measuring 40.25 meters long) are now being manufactured by the China Materials Science and Technology Wind Power Blades Joint Stock Co. Ltd., in Beijing. The “Sinoma 40.2″ blades that the company produces are manufactured in conjunction with a German wind blade designer. Presently, China Materials has a demonstration production line capable of producing 10 sets of molds/year and 200 sets (600 blades) of Sinoma 40.2 blades/year. The company has agreements with wind turbine manufacturers and already has supplied 30 sets of blades, 5 of which are being installed in wind farms in China’s Northeast. China Materials is currently developing 2.5-MW blades and anticipates eventually having five different sized blades by 2010.

The Shanghai Prime Machinery Company, whose shares are listed in Hong Kong, is another significant Chinese wind turbine blade manufacturer. Aerodyn has licensed its blade manufacturing technology to Canada’s Hanwei Energy Services Corp. for the latter to produce 37.5-meter and 40.3-meter blades for 1.5-MW turbines.

Gearboxes

Comprising roughly 15% of total wind turbine cost, gearbox manufacturing is critical to China’s localization of components and equipment. The gearbox converts between slowly rotating, high torque power from the wind turbine rotor and high speed, low torque power used for the generator.

China’s largest manufacturer of gearboxes is China High Speed Transmission, which in 2007 captured nearly 80% of domestic market share. Last year, the company raised US $272 million through a Morgan Stanley-led IPO in Hong Kong and currently supplies gearboxes to both Goldwind and GE Energy.

The CEO of Germany’s Nordex Corporation has noted China High Speed Transmission is one of only two companies in China able to produce gearboxes for the 1.5-MW turbine that Nordex produces. Although China High Speed Transmission only has a three percent global market share, it has major export plans for the near future. Tempering these ambitions will be increasing raw material costs, including steel prices that have nearly doubled from US $535 a ton in 2007 to over US $1,000 a ton in 2008.

Retail investors seeking to participate in China’s wind-power boom can invest in the ETF “FAN” that was recently explained by Peter Lynch on REW.com. In addition to the well-known foreign companies that have a significant piece of the Chinese wind power industry, FAN includes a handful of publicly-traded Chinese companies whose revenues are derived (at least partially) from sales into the wind industry.

The Chinese components of FAN include Goldwind (turbines), Harbin Wind Power Equipment Co., Ltd., Shanghai Prime Machinery Co. (blades), China High Speed Transmission Equipment Group Co., Ltd. (wind transmission equipment and gearboxes), China Wind Systems, Inc. (forged rolled rings) and China WindPower Group Limited.

Lou Schwartz is president of China Strategies LLC, and publisher of the China Renewable Energy and Sustainable Development Report and the China Aluminum Industry Report. He has degrees in East Asian Studies from the University of Michigan and Harvard University where he studied Chinese language and literature, economics and law, among other disciplines. Lou also earned a J.D. from George Washington University Law School.

Ryan Hodum is an environmental and renewable energy professional who recently earned a Master of Arts in Global Environmental Policy from American University in Washington, D.C. with a focus on renewable energy utilization in China. He now works for David Gardiner & Associates LLC, a strategic consulting firm focused on climate and energy solutions. Ryan spearheaded the development of China Strategies’ China Renewable Energy Interactive Map and the China Solar Map, which can be found on China Strategies’ website.

DUBLIN, Ireland, Jul 12, 2008 (BUSINESS WIRE) — Research and Markets ( http://www.researchandmarkets.com/research/1a09ef/china_lighting_ind) has announced the addition of the “China Lighting Industry” report to their offering.
In the last decade, China has largely advanced the general technical equipment of electric light sources and has obtained the capacity of producing different types of manufacturing equipment of electric light sources.
The large scale electric light source manufacturers of China accumulatively fulfilled CNY 33,048,352 thousand of gross industrial output value throughout the whole year of 2006, ascending 30.09% year on year; accumulative sales revenue of CNY 31,973,427 thousand, hiking 32.08% on the previous year; and total profit of CNY 1,821,083 thousand, jumping 40.56%.
During the first eleven months of 2007, the large scale electric light source manufacturers of China accumulatively fulfilled CNY 43,641,714 thousand of gross industrial output value, ballooning 40.81% over the corresponding period of 2006; accumulative sales revenue of CNY 41,686,962 thousand, rising 37.15% year on year; and gross profit of CNY 2,716,822, up 41.24%.
China will further increase investment in the lighting industry. It is predicted that by 2010, the production and sales of electric light source products will be 13 billion ones, with the average annual growth maintaining at 4.83%. Meanwhile, of the 13 billion electric light source products, one in third will be ordinary light bulb, with the rest two in third be fluorescent lamp.
The report provides statistics, research and analysis of major enterprises engaged in the lighting industry in China, including Osram Foshan Lighting Co., Ltd., Philip Yaming Lighting Co., Ltd. and General Electric Lighting Co., Ltd., Honland Lighting Co., Ltd., Beijing Matsushita Electric Works Co., Ltd., Weihai Jintong Industrial Co., Ltd., and so on.
Key Topics Covered:
CHAPTER 1 GENERAL MARKET SITUATION OF LIGHTING INDUSTRY IN THE US
I General Situation of the Lighting Market in the US
II Trade situation of lighting products in China and the US
CHAPTER 2 LIGHTING INDUSTRY MARKET OF CHINA
Part I Status Quo of China Lighting Industry Market
I General situation of China lighting market between 2002 and 2007
II Analysis of the sales channels for China lighting equipments
III Product structure of the lighting industry in China
Part II Analyzing Export of China’s Lighting Industry
I Analyzing Export of China’s Lighting Industry from 2001 to 2007
II Analyzing Export of Each Category of Lighting Products from China from 2001 to 2007
III Destination Countries or Regions of Exported Lighting Products from China in 2004
Part III Analyzing Lighting Import in China
I Analyzing Lighting Import in China from 2001 to 2007
II Analyzing Import of Each Category of Lighting Products in China from 2001 to 2007
III Original Countries or Regions of Imported Lighting Products in China in 2006
CHAPTER 3 ANALYZING SEGMENT MARKETS OF ELECTRIC LIGHT SOURCE MANUFACTURE INDUSTRY OF CHINA
Part I Analyzing the Demand and Supply of Bulb in China’s Market
I Analyzing Bulb Supply in China’s Market from 2002 to 2007
II Analyzing Bulb Output of China’s Main Provinces (or Cities) from 2002 to 2007
III Analyzing the Concentration of Main Bulb Manufacturers’ Output from 2003 to 2007
Part II General Situation of Electric Lighting Source Manufacture Market in China
I Total Size of Electric Lighting Source Manufacture Market in China from 2002 to 2007
II Analyzing the Economic Operation of Electric Lighting Manufacturers of China’s Main Provinces (or Cities) from 2003 to 2007
III Structure of Electric lighting Source Market with Different Sales Sizes
IV Information of Electric Lighting Source Manufacturers with Sales More Than 0.1 Billion Yuan from 2003 to 2007
Part III Fluorescent Lamp Market
I Analyzing the General Situation of Production and Sales in Fluorescent Lamp Market
II Analyzing the Production and Sales in Straight Tube Fluorescent Lamp Market
III Analyzing the Production and Sales in Energy-saving Fluorescent Lamp Market
IV Development Tend of China’s fluorescent lamps manufacturers
Part IV Analyzing LED Market
I Analyzing Global LED Market
II Analyzing LED Industry of Taiwan
III Analyzing China’s LED Market
Part V Analyzing China’s Market of Exclusive Illumination for Automobiles
I General Situation of China’s Market of Exclusive Illumination for Automobiles from 2002 to 2007
II Analyzing Sales in China’s Automotives and Motorbike Lighting Market from 2003 to 2007
Part VI Analyzing Top Enterprises—–Osram Foshan Lighting Co., Ltd
I A Brief Introduction of Osram Foshan Lighting Co., Ltd
II Operation Situation of Osram Foshan Lighting Co., Ltd from 2002 to 2004
III Analyzing the Products in Osram Foshan Lighting Co., Ltd
Part VII Analyzing Top Enterprises—–Philip Yaming Lighting Co., Ltd
I A Brief Introduction of Philip Yaming Lighting Co., Ltd
II Operation Situation of Philip Yaming Lighting Co., Ltd from 2002 to 2004
Part VIII Analyzing Top Enterprises—–General Electric Lighting Co., Ltd
I A Brief Introduction of General Electric Lighting Co., Ltd
II Operation Situation of General Electric Lighting Co., Ltd from 2002 to 2004
List of Tables
For more information visit http://www.researchandmarkets.com/research/1a09ef/china_lighting_ind

KLA-Tencor (KLAC) is the world leader in yield management and process control solutions for semiconductor manufacturing and related industries. We have been discussing the changes and consolidation attempts in the EDA and ATE industries so far, both in the semiconductor infrastructure category. Another industry that suffers some of their conditions is the semiconductor manufacturing equipment sector.

Let’s look at KLA’s last earnings results. Quarterly revenues were $602.2 million, down 4% sequentially and 16% over the year, but still higher than the market’s expectation of $586.7 million.

EPS was down sequentially 11% to $0.67, beating the market’s expectation of $0.63. Over the year, EPS recorded a reduction of 24%.

By region, Asia contributed 72% of revenues compared with 61% a year ago. The U.S. contributed 22% and Europe the balance of 6% for the quarter. By segment, wafer inspection contributed 43%, reticle inspection 11%, metrology 22%, services 23%, and other markets brought in the balance 2%. Asia is where most manufacturing has shifted to, making it the industry’s most critical geography.

KLA-Tencor expects revenues of $560-$580 million in Q4, with EPS of $0.56-$0.60.

Management was concerned about the prevalent market conditions. In the earnings call, the company discussed the cautious investments being made by its customers. However, the company also said that the increased complexity from advanced technologies is creating new yield and defect challenges, driving the need for advanced inspection in measurement technology and accelerating adoption of process control and giving it confidence in its growth in the coming quarters.

This is true, except, the margin pressures faced by chip companies playing in the all-important consumer segment is also equally significant, making it harder for them to invest more in manufacturing. The chip industry is fast going to a fabless model, supported by the Foundries like TSMC, UMC, Chartered, SMIC, etc. The trend will likely further concentrate KLA’s customer base to a handful of companies, squeezing margins out even more drastically.

KLA continued to make advancements in its products, however. For instance, the company added features such as new optical modes that enable increased defect detection speed, demonstrate superior sensitivity and capture unique defect signatures and throughput. The company launched its latest mask inspection technology from Wafer Plane Inspection, or WPI, to cater to the 32-nanometer mask node. The WPI tool will be able to find all defects on a mask and show the defects that will print in an actual device wafer.

The company continued to be a leader in 45-nanometer technology, especially as the company saw increased customer investment in the defect inspection and memory spaces for its 45-nanometer development.

During the quarter the company announced the acquisition of the Belgian ICOS Vision Systems for $466 million. ICOS is the world’s leading supplier of equipment for visual inspection ICs. The company designs and manufactures inspection equipment for semiconductor packaging and interconnect applications.

With the acquisition, KLA will be able to enter the semiconductor packaging inspection, solar and LED lighting space and diversify from its current market space of semiconductor fab operations.

KLA has also been addressing cost control by shifting product development from the U.S. to its Singapore plant, which is currently operating at only 20% of capacity. With facilities now in Singapore, the U.S. and Israel, the company has an established global footprint that spans the product development phase as well.

Following the announcement of the results, the stock rose 4% to $44.60. However, it is currently trading at $38.75 levels.

KLA and its industry, like EDA and ATE, also needs to merge with certain adjacencies. I had said in an earlier piece that a Cadence (CDNS)-KLA merger could be a step in the right direction, especially with increasing need to address defect and yield problems at the design level, dubbed the Design for Manufacturing [DFM] challenge. ATE would be another place that KLA could look for acquisitions in, to acquire a set of diversified customers.

I am envisioning a “Semiconductor Infrastructure” company / industry, which embraces manufacturing equipment, design tools, and test equipment.

Even with analysts confirming the weak market conditions for the semiconductor industry, KLA has a good opportunity to take advantage of this situation on account of its position in yield management products. The merger with ICOS will be beneficial, but the company needs to pick up more companies with bigger adjacencies. As I mentioned, an ARM-KLA Tencor merger will make the market space exciting.