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Contract electronics manufacturer Wistron Corp plans to purchase land in Vietnam, as the company continues to gradually shift production to Taiwan, India and the Philippines to diversify risk. The transaction would total 337.4 billion dong (US$14.6 million). Wistron might build a factory to produce information technology-related products in Vietnam, the Chinese-language United Evening News reported …

Here is a very informative chart from our Business Outlook, which illustrates how electronics are becoming dominant in auto production — from 1 percent of total cost in 1950 to a projected 50 percent over the next ten years.    

COTD – Chart of the Day Looks like a bottom to us.