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"$9 billion buyout of Intel Corp.`s NAND business is not overpriced." said SK Hynix CEO 10/26/2020
The addition would push SK Hynix from fifth to second in global NAND rankings, narrowing the gap with market leader Samsung Electronics Co.
CEO Confidence Index up rapidly 10/26/2020
CEOs anticipating increased spending over the next 12 months, up from only 15 percent earlier in the quarter. Moreover, 36 percent foresaw upward revisions in capital spending beyond the next 12 months.
Every crisis presents an opportunity for manufacturing reinvention 10/26/2020
Fast forward to today, the pandemic gives manufacturers yet another chance at reinvention. Sure COVID-19 has wreaked havoc with the supply chain but the landscape this time is even more favorable for a reboot. For one thing, repatriation is making a comeback.
FDA approved remdesivir for Covid-19 treatment 10/26/2020
“Today’s approval is supported by data from multiple clinical trials that the agency has rigorously assessed and represents an important scientific milestone in the COVID-19 pandemic.”
Boeing tests Covid-19 rapid cleaning tools for flight cabinet 10/23/2020
Testing was conducted on an unoccupied Boeing airplane against a live virus called MS2 over the summer. The University of Arizona, Department of Environmental Sciences correlated those results to SARS-CoV-2, the virus that causes COVID-19, in a protected laboratory environment.
With increased global deliveries, Tesla hits fifth consecutive profitable quarter 10/23/2020
The electric car and solar panel maker said Wednesday that it made $331 million, or 27 cents per share, for its fifth-straight profitable quarter.
GM to bring back the Hummer in EV version 10/23/2020
General Motors is among them, and on Tuesday its GMC brand introduced a new electric Hummer pickup, with a high-end version due in showrooms sometime in the fall of next year.
FCA made agreement with city to hire 4,100 Detroit residents 10/23/2020
The auto giant is obliged to employ at least 3,850 Detroiters at the Mack assembly plant under a development deal with the city for the land where plant is being built. If the remaining 250 workers who have been hired are not employed at Mack, they could be sent to work at any of Fiat Chrysler's other plants in Detroit or the suburbs.
Micron Technology to package DDR5 DRAM into uMCP5 multichip package 10/22/2020
Micron said uMCP5 will enable the mobile ecosystem to create a new generation of 5G smartphones that can support high volumes of data, power-intensive features and multitasking across many apps.
SK Hynix to buy Intel NAND memory unit for $9 billion 10/22/2020
Cowen and Co analysts said the deal was critical for Intel as it would lessen “the product and manufacturing variables” required to get its core PC/server processor businesses back on track.
Virgin Galactic to perform 3rd test on space flight 10/22/2020
The upcoming test will mark the third space flight for Virgin Galactic and the first from New Mexico. Moses called it a big milestone for an idea that was first pitched decades ago.
Cathay Pacific Airways cuts 8,500 jobs 10/22/2020
About 5,300 employees based in Hong Kong and another 600 elsewhere will likely lose their jobs, and 2,600 unfilled positions will be cut. The cuts are about 24% of the company’s workforce,
Justice Department filed antitrust against Google 10/21/2020
The lawsuit marks the government’s most significant act to protect competition since its groundbreaking case against Microsoft more than 20 years ago. It could be an opening salvo ahead of other major government antitrust actions, given ongoing investigations of major tech companies including Apple, Amazon and Facebook.
NATO to setup its own space center 10/21/2020
“Some nations – including Russia and China – are developing anti-satellite systems which could blind, disable or shoot down satellites and create dangerous debris in orbit. We must increase our understanding of the challenges in space and our ability to address them,”
New student visa rules to limit scholars from certain countries 10/21/2020
Trump administration is seeking to implement a new set of rules that would make it more difficult for them to remain in the U.S.
American Airlines start to schedule Max 737 flights for year end 10/21/2020
A spokeswoman for American said Monday that the airline plans to operate a single daily Max flight from Dec. 29 through Jan. 4 between Miami and New York’s LaGuardia Airport, and American is reviewing its plans beyond that. American will begin taking bookings for the flights on Friday.
Small nuclear reactors can backup renewable energy generations 10/20/2020
“The ideal world for utility companies and their customers, and the most cost-effective, are portfolios containing a high percentage of low-cost renewables, backed up by stable, carbon-free nuclear energy that is available 24 hours a day, 365 days a year.”
China tighten sensitive technology export 10/20/2020
Under the law, China can take “reciprocal measures” toward countries or regions that abuse export controls and threaten its national security and interests.
Most promising coronavirus vaccine candidates need non-stop sterile refrigeration to stay potent 10/20/2020
Despite enormous strides in equipping developing countries to maintain the vaccine “cold chain,” nearly 3 billion of the world’s 7.8 billion people live where temperature-controlled storage is insufficient for an immunization campaign to bring COVID-19 under control.
Image system detects elevated body temperature and mask wearing 10/20/2020
The automated system uses a thermal camera to detect whether a person has a higher-than-normal body temperature. It can also decipher whether the person monitored is wearing a mask.
U.S. Customs held shipment of 1,900 gloves citing forced labor in China factory 10/19/2020
the shipment of 1,900 pairs of gloves will be held at the Port of Los Angeles/Long Beach unless the American company that was seeking to import the material can prove it wasn't made with forced labor.
U.S. retail sales jumped 1.9% 10/19/2020
Much of last month's growth came from clothing stores, where sales rose 11%. At auto dealerships and auto part shops, sales were up 3.6%. And those looking to go camping or buy exercise equipment for their homes sent sales at sporting goods stores up 5.7%.
Europe's aviation regulator to make decision to let 737 Max fly again 10/19/2020
The European Union Aviation Safety Agency's executive director, Patrick Ky, said he is satisfied that changes to the jet have made it safe enough to return to the skies before the end of the year, Bloomberg reported.
Autonomous vehicles have reach the point that no backup driver is needed 10/19/2020
“We understand that this is a trust race as much as it is a technology race," Wert said. "This is absolutely about making sure that we’re doing this with San Francisco.”
The Philippines settles with China on on oil and gas exploration near disputed areas of the South China Sea 10/16/2020
Energy Secretary Alfonso Cusi said companies awarded contracts to explore for oil and gas in three sprawling areas off the western Philippines have been asked to resume their search operations, including in a potentially oil- and gas-rich region called Reed Bank.
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