|| Print ||
|Articles - December 2010|
|Wednesday, November 17, 2010|
Page 3 of 6Companies are looking for deals
It’s no surprise that after years of recession followed by sluggish recovery, companies are hesitant not only to hire but also to spend. That’s where the opportunity lies for vendors who can offer goods or services at a lower price or help businesses spend less by automating or outsourcing mundane tasks.
That’s why Test Systems Strategies Inc. (TSSI) is prospering in Beaverton. Every new computer chip that is designed must be tested, and TSSI has 30 years of experience testing chips using a standard methodology. Companies eager to get new products to market can save money by outsourcing that step in the process to TSSI.
“We save our customers money and help them get to market faster,” says CEO Hau Lam. He attributes his unusual success during the recession to hard work and innovation, saying that revenues grew by 20% in 2008 and 30% in 2009. TSSI also continued investing as the economy fell, buying a building on Millikan Way in 2007 and establishing headquarters there in 2008.
Lam is very tight-lipped about company specifics. TSSI went independent and private in 2005 after spinning off from publicly held Summit Design and does not share revenue figures or employee numbers. “We prefer to be a quiet success,” he says. “We are a small company with a huge reach. We don’t have our names on the product, but rest assured our fingerprints are on it.”
TSSI serves an extensive menu of global clients including Sony, Toshiba, Boeing, Toyota, IBM, Cisco and Siemens. That doesn’t include the steady supply of small startups inventing new technologies, as computer chips play ever-larger roles in the designs of cars, video games, smart phones, and practically everything else. “There will always be new companies building new technology with new chips for new uses,” Lam predicts. “Some will succeed and some will fail. But succeed or fail they will have to test.”
It probably doesn’t hurt that one of TSSI’s biggest clients, Intel, has had a stellar year and recently announced plans to invest billions of dollars into new plants. Nor does it hurt that Hau Lam is fluent in Mandarin, with connections in Beijing and in fast-growing Vietnam, where he was born and raised. The shift of business power to Asia is another area of opportunity. “It doesn’t matter where the company is, we can serve it,” he says. “We just want to make sure all the profits go through Beaverton.”
Friday, March 21, 2014
TOM COX | OB BLOGGER
During a recent talk to HR Directors, I asked if they saw leaders trying to solve every problem, instead of delegating to and empowering staff. Every head nodded. Every single one.
Friday, March 28, 2014
BY TOM COX | OB BLOGGER
The next mysterious (or disastrous) event could be one that you or your team might suddenly need to respond to, probably under intense scrutiny.
Friday, April 11, 2014
TOM COX | OB BLOGGER
The auto industry is starting to share more costs across manufacturers for complex and challenging design work, like new transmission design, and certain new engine technologies. What we’re not yet seeing is wholesale outsourcing of “unavoidable waste” components to specialist companies.
Wednesday, April 02, 2014
A new report explores the impact of millennials on Oregon's business and political climate.
Friday, March 14, 2014
BY TOM COX | OB BLOGGER
Five books that will make you a better leader.
Thursday, February 20, 2014
BY VIVIAN MCINERNY | OB BLOGGER
As retailers consolidate and newspapers fold, the business of modeling shifts to ad agencies, apparel companies and new media.
Monday, March 03, 2014
Check out interviews with employees from some of the 100 Best Companies to Work For in Oregon winners and find out what makes their company a great place to work.
|How Doug Badger spends his downtime|
|Port at a crossroads|
|100 Best awards 2014|
|Our man in Congress|
|NASA discovers first potentially habitable planet|
|Effects of childhood bullying last a lifetime|
|Scientists make first embryo clones from adults|
|Man urinates in reservoir, ruins 38M gallons of water|
|Recreational marijuana use linked to brain changes|
|Former NYC mayor announces $50M gun law election push|
|U.S. consumer inflation rises: higher food, rent costs|
Marketing the state brings new business, new jobs and a better quality of life for everyone.
Living in the beautiful Pacific Northwest means enjoying our wonderful surroundings, while remaining aware of the multiple types of natural disaster threats that we face: winter storms, windstorms, floods, landslides, earthquakes, volcanoes and tsunamis.“
Oregon State University's hospitality degree program invests in next-generation leaders.
On Saturday, April 26, more than 1,900 local Comcast employees and their families, friends and community partners will “make change happen” as they volunteer to improve schools and nonprofits in Oregon and Southwest Washington as part of Comcast’s 13th Comcast Cares Day.
NAI Norris, Beggs & Simpson just completed their newly rebranded First Quarter Market Reports. Not only does it feature a brand new format, but the report ensures accuracy due to the annual truing up of their database.
Samuel Hernandez, an Associate at Barran Liebman, is the recipient of a 2014 Oregon State Bar Litigation Section Rising Litigator Award.