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Modernizing existing chip factories and equipping from scratch the new ones this unfolding cycle will require, equipment suppliers will amplify whatever upturn the chip suppliers will experience.
2. Another application lies in choosing between modernizing existing plants and replacing them.
"I don't think we should be talking about building new generators recklessly before we first take care of modernizing existing facilities," Mr. Gianaris said.
Although the Housing Authority of New Orleans says that modernizing existing developments would cost more than building new housing, it has yet to release cost breakdowns or the source of the figures.
The trend toward modernizing existing aircraft and communications systems rather than building new ones also benefits L-3.
Here is a proposed 3-step process to help the energy industry and their consumers to more readily "cross the chasm": Step 1: Modernize Infrastructure & Improving Operations It may be easy to overlook the importance of modernizing existing power infrastructure, but the bottom line is that we cannot rebuild our power grid from scratch.
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"Our technology modernizes existing canal infrastructure," Mr. Aughton said.
"We need to modernize existing theatres, and tear down old ones at the same rate".
To catch up, they considered investment to modernize existing facilities or to build new cost-competitive plants.
Despite the large capital investment required to modernize existing inland waterway systems and for new construction, water transport has demonstrated competitive strength as a carrier for commodities in the movement of which the time factor is not of prime importance, such as minerals, timber, and many agricultural products.
For instance, while completely revamping La Scala's backstage, Mr. Fontana and his engineering team have decided against computerizing the stage machinery, choosing to modernize existing hydraulic lifts rather than risk the teething problems experienced with Covent Garden's new high-tech stage.
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