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| Mitsubishi Aircraft to close U.S. locations |
5/27/2020 |
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“Due to the budget directives, Mitsubishi Aircraft will close its overseas locations and consolidate activities at its headquarters in Nagoya, Japan,” company spokesman Jeff Dronen told The Seattle Times via email. “This will impact the majority of our employees in the United States.”
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| Verizon has announced its partners for 5G |
5/26/2020 |
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On the consumer front, Verizon said it will be launching 5G service in parts of San Diego on 28 May; the company said 5G consumers will get upload speeds 30% faster than 4G. On the development side, it said it has adapted its seven 5G labs in the US and UK.
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| Democratic Party senators want to know what Trump has promised TSMC |
5/26/2020 |
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Senators requested the two Trump administration cabinet members to “cease any such negotiations or discussions” until the relevant authorization and appropriations committees have been briefed on plans, including any commitments the two departments have made to funding, tax breaks, licenses, or other incentives.
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| Tech companies are comfortable with "work-at-home" |
5/25/2020 |
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Tech companies are studying what their highly-paid, highly-valued employees want, using their own technology to make remote work easier and looking to hire new workers outside of big city hubs. It's a potentially huge turnaround after years in which companies like Amazon and Google chased scarce tech talent by opening or expanding offices in hip urban locations such as San Francisco and New York.
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| GM's EV battery to last a million miles |
5/22/2020 |
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Current EV batteries last, at most, 200,000 miles. Some lifespans are more like half of that. GM has announced that it is making major strides and is “almost there” in developing a battery that will last a million miles.
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| Rolls-Royce cut jet engine related jobs |
5/21/2020 |
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Most of the cuts will take place in the civil aerospace business, where two-thirds of U.K. employees work. Negotiations are set to begin with unions.
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| China's Big Fund puts bet on its home grown SMIC |
5/20/2020 |
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has secured an investment worth $2.2 billion dollars from Chinese state investors, the company announced on Friday. The funding was revealed on the same day that the United States announced new restrictions on Chinese tech company Huawei Technologies that would further impact its ability to source chips made with American technology.
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| Walmart online sales ups 74% thanks to pandamic |
5/20/2020 |
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Online sales in the U.S. jumped 74%, fueled by a rush on canned foods, paper towels and other crucial supplies needed as people sheltered in place. Same-store sales rose 10% at U.S. Walmart stores on strong sales of food, health and wellness goods.
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| Jack Ma steps down from SoftBank's board |
5/19/2020 |
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Tokyo-based SoftBank announced Ma's resignation Monday, ahead of releasing financial results. It did not say why he was leaving. Ma, co-founder of Chinese e-commerce giant Alibaba, has been focusing on philanthropy lately, such as donating masks and test kits to help in the efforts against the new coronavirus pandemic.
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| European countries plan to reopen borders widely |
5/19/2020 |
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New infections and deaths have slowed considerably in Europe, where some countries started easing lockdowns a month ago. Many nations are preparing to open their borders next month, trying to sketch out the rules for a highly unusual summer tourist season.
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| Latest sanctions on Huawei include cut off from TSMC |
5/19/2020 |
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Huawei has few alternatives if Washington refuses to allow its suppliers to use U.S. technology. The company has developed some of its own chips but even the biggest non-U.S. manufacturers such as Taiwanese giant TSMC need American components or production equipment.
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