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Thursday, April 15, 2021

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GlobalWafers of Taiwan increase bid for Germany’s Siltronic. 1/26/2021
GlobalWafers said its latest offer represents fair value and is final. Siltronic shares rose 4% to close at €145.05 on Friday.
Shell Oil quietly gets into EV charging business 1/26/2021
Shell is buying ubitricity, a major provider of electric vehicle charging points in Europe. Shell said Monday that it would buy a 100 percent stake in the Berlin-based startup, without disclosing the price.
Budweiser sits out Super Bowl 1/26/2021
Instead, Budweiser is donating the money it would have spent on the ad to coronavirus vaccination awareness efforts.
President Biden's order closes loop hole on "Buy American program" 1/26/2021
The goal of the order would be to use the $600 billion the federal government spends on procurement to boost domestic factories and hiring.
Samsung intend to build 3 nm fab in Austin 1/25/2021
The world’s largest memory chip and smartphone maker is in discussions to locate a facility in Austin, Texas, capable of fabricating chips as advanced as 3 nanometers in the future, people familiar with the matter said.
Scientists aim at swarms of small satellites working cooperatively and autonomously 1/25/2021
"This mission is a precursor to more advanced swarming capabilities and autonomous formation flying,"
Biden stopped work on border wall 1/25/2021
The order leaves billions of dollars of work unfinished — but still under contract .
Fire killed five at AstraZeneca Indian vaccine manufacturing 1/25/2021
Serum Institute of India is the world’s largest maker of vaccines and has been contracted to manufacture a billion doses of the AstraZeneca/Oxford University vaccine.
ISM projects Manufacturing Capital Expenditure to to increase by 2.4% 1/22/2021
Capital expenditures are expected to increase by 2.4 percent in the manufacturing sector (after a 2.4-percent decline in 2020) and increase by 12.7 percent in the services sector. The manufacturing employment base is expected to grow by 2.5 percent following a decline of 2.8 percent in 2019. Growth in the second half (H2) of the year is projected to be stronger than in H1.
Jobless claim still high at 900,000 1/22/2021
The government said that 5.1 million Americans are continuing to receive state jobless benefits, down from 5.2 million in the previous week. That signals that fewer people who are out of work are finding jobs.
2021 CES focus on Auto Tech 1/22/2021
The automakers that did present to online audiences focused on more advanced infotainment systems and the continued evolution of electric vehicles, some of which you'll be able to see on dealer lots by this year.
Amazon offer to help with vaccine distribution logistics 1/22/2021
Amazon says it is “prepared to leverage (its) operations, information technology, and communications capabilities and expertise” in order to assist.
MediaTek to use TSMC’s 6-nanometer technology for 5G smartphones 1/21/2021
Taiwan’s MediaTek appears to be one of the first high-volume customers for the technology and is among a handful of companies with modem technology to connect phones to mobile data networks, competing against Qualcomm Inc and Samsung Electronics Co Ltd.
Jack Ma broke silence after 2 months of disappearance 1/21/2021
The normally voluble Ma disappeared from public view after he irked regulators by criticizing them in an Oct. 24 speech at a Shanghai conference. Days later, regulators suspended the planned multibillion-dollar stock market debut of Ant Group.
Trump pardoned Google engineer who stole company car secret 1/21/2021
Before leaving, Levandowski downloaded a trove of Google’s self-driving car technology, leading eventually to 33 counts of intellectual property theft against him. He plead guilty to one count and was sentenced to 18 months in prison last summer.
Merger of PSA Peugeot and Fiat Chrysler to keep jobs and brand names 1/21/2021
CEO Carlos Tavares told a virtual press conference just days after Stellantis' official birth as a new company that jobs only accounted for 10 percent of manufacturing costs - and that he had "tons of other things" he can do to improve profitability.
Signs are the country is on the cusp of a kind of boom 1/20/2021
“If the economy is improving substantially by spring or early summer, that might actually help Biden get more of his agenda done ... because success can beget success," said Jason Furman, who was top economist for the Obama administration.
Former Samsung CEO was retrial and send back to prison for bribery charges 1/20/2021
Seoul High Court found Lee guilty of bribing then-President Park Geun-hye and her close confidante to win government support for a 2015 merger between two Samsung affiliates.
Janet Yellen warned of a deep pandemic-induced recession 1/20/2021
“Without further action, we risk a longer, more painful recession now — and long-term scarring of the economy later,” Yellen said in testimony prepared for her confirmation hearing Tuesday before the Senate Finance Committee.
Smart watches can detect Covid 7 days ahead 1/20/2021
Researchers at Mount Sinai in New York say smart watches can detect subtle changes in the wearer’s heartbeat that are indicative of the coronavirus.
FAA approved first autonomus drone flight 1/19/2021
A Massachusetts company has been granted approval to operate commercial drone flights without a person directing the machine and keeping it in sight.
Stellantis, the PSA Peugeot and Fiat Chrysler combined company, jumped on first trading day 1/19/2021
Stellantis shares rallied 7.6% in Milan to 13.53 euros ($16.32). CEO Carlos Tavares said during a virtual bell-ringing ceremony that the merger creates 25 billion euros in shareholder value.
Virgin Orbit succeed on air-launched rocket from a Boeing 747 1/19/2021
A 70-foot-long (21.34-meter-long) LauncherOne rocket was released from beneath the wing of a Boeing 747 carrier aircraft off the coast of Southern California, ignited moments later and soared toward space. The two-stage rocket carried a cluster of very small satellites known as CubeSats developed and built as part of a NASA educational program involving U.S. universities.
Renault's "Le Car" model turns electric 1/19/2021
The company unveiled a prototype electric vehicle based on the R5, the subcompact — known as Le Car in the U.S. — that drew a cult following during its initial runs from the 1970s to the mid-90s.
Google overcame antitrust argument to acquire Fitbit 1/18/2021
Google makes most of its money by selling ads based on information it collects about its billions of users’ interests and whereabouts. Privacy watchdogs feared it might exploit Fitbit to peer even deeper into people's lives. .
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