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Industry
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Samsung Electronics’ board Chairman resigned
“Samsung suffered a major setback to its bid to strengthen its board ... and it would need a fresh face to turn around,” said Park Ju-gun, head of research firm CEO Score, adding that the move was widely expected given that Lee Sang-hoon is in prison.
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Tesla rides on trend to issue $2 billion more stocks
The surprise sale taps into Tesla's rocketing stock price over the past eight months, but comes just two weeks after CEO Elon Musk said the company had enough cash to fund its capital programs and it didn't need to raise any more money.
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U.S. manufacturing output dipped due to Boeing Manufacturing halt
U.S. manufacturing has shown signs of recovering from a year-long downturn but is facing a fresh challenge from Boeing's troubles, which also affect hundreds of suppliers. Manufacturing output is down 0.8% in the past year, hurt by the U.S.-China trade war and slower global growth.
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Top-five wafer leaders control 53% of the global capacity
As of December 2019, Samsung had the most installed wafer capacity with 2.9 million 200mm-equivalent wafers per month, IC Insights indicated. That represented 15.0% of the world's total capacity and about two-thirds of it was used for the fabrication of DRAM and NAND flash memory devices.
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Auto sales plunged in China
Sales of SUVs, sedans and minivans fell 20.2% from a year earlier to 1.6 million, an industry group, the China Association of Automobile Manufacturers, reported Thursday.
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Business struggle to fix disrupted supply chain issues
Shuttered factories and travel restrictions in China have contributed to a 20% drop in oil prices since Jan. 7. Prices for copper, soybeans and even lean hogs have all fallen more than 6% over the same time. Much of China remains on lockdown. Even factories that are open must contend with logistical bottlenecks and labor shortages as travel restrictions prevent employees from returning to work.
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Lyft recorded $2.6 billion annual loss
Ride-hailing service Lyft is sticking with its prediction that it will be profitable by the end of next year. This while its annual loss more than doubled in 2019 to over $2.6 billion.
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Mobile World Congress in Barcelona canceled due to virus
The government of China is widely reported to be struggling to contain the virus. It is trying to impose quarantines in the midst of a holiday during which millions of Chinese citizens travel. The government is reported to be scrambling maintain quarantines, to provide medical attention, and to assure food supplies, all while declining help offered by other nations.
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Winbond predicts a tightened memory supply
DRAM market demand still looks promising, thanks to 5G, Chan noted. Demand will be on par with or exceed supply in the second half of 2020, Chan said. As for flash memory, a healthy supply-demand balance is set to take place in the NOR flash and SLC NAND segments during the first half of 2020 driven by robust demand for TWS earbuds, Wi-Fi 6, IoT and 5G related devices.
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Infineon gains in silicon microphone sector
Reinhard Ploss, CEO of Infineon, said, “Demand for the latest generation of our silicon microphones is growing dynamically. We are also seeing signs of improvement in individual areas such as the server business.
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China remains in a "shut-down" mode
Despite the official end of the extended Lunar New Year holiday, many remained at home on Tuesday with around 60 million people under virtual quarantine.
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