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Sunday, August 9, 2020

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Imagination moves to form JV with China's BAIC Capital on automotive semiconductors 5/13/2020
The JV aims to lead the new development of the automotive manufacturing and automotive chip industry. It will work with other automotive chip companies in the industry to support the innovations in intelligent connected vehicle for Chinese customers with a new model.
Qualcomm has introduced Snapdragon 768G 5G chip 5/12/2020
It has improved GPU performance and 20% higher CPU power than the previous model. There are also rumors that the upcoming Google Pixel 5 may be the first one to get this highly-powered processor.
Huawei put its 14nm Kirin chip into production through SMIC 5/12/2020
Almost every employee at SMIC Shanghai had received an Honor Play 4T smartphone on Sunday, with "Powered by SMIC FinFET" printed on the back. The phones showcases the commercialization of 14-nm FinFET chips made by SMIC.
China’s direct investment in the United States dropped to the lowest 5/12/2020
A report out Monday from the National Committee on U.S.-China Relations and the Rhodium Group consultancy found that China’s direct investment in the U.S. dropped from $5.4 billion in 2018 to $5 billion last year, the lowest level since the recession year of 2009.
Intel is talking to Trump about building a new semiconductor plant on shore 5/12/2020
A spokesman for Intel, the biggest American chip maker, said Sunday that the company is in discussions with the Defense Department about improving domestic technology sources. Spokesman William Moss said Santa Clara, California-based Intel is well-positioned to work with the government “to operate a U.S.-owned commercial foundry.”
Phison to support Yangtze Memory's 3D NAND with controller 5/11/2020
Phison said its partnership with YMTC will start from consumer storage applications, which will then be extended to include high-end device applications including industrial embedded storage and enterprise servers.
Macronix to ship 3D NAND this year 5/11/2020
Macronix' 3D NAND flash memory will be targeted at niche-market applications in the short term to avoid direct competition with international memory vendors.
U.S. and Chinese trade negotiators promised to be fair on trade negotiations 5/11/2020
The chief Chinese envoy, Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin promised to “create a favorable atmosphere and conditions” for implementing the “phase one” agreement signed in January.
3M to produce 95 million N95 mask per month 5/11/2020
3M has invested over $80 million in ramping up N95 respirator production since the outbreak began in January. Those investments and actions, along with these contracts, will enable the company to nearly double its current capacity again to 2 billion respirators globally by the end of the year.
Huawei's HiSilicon design arm now joins 10 ranks for silicon chip design 5/8/2020
HiSilicon jumped up five spots in the ranking to 10th place with sales surging 54% on year in the first quarter of 2020, IC Insights indicated. HiSilicon is the semiconductor design division of Huawei, with over 90% of its sales going to the parent company.
33 million in the U.S. has sought unemployment help 5/8/2020
Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close their doors and slash their workforces. That is the equivalent of one in five Americans who had been employed back in February, when the unemployment rate had reached a 50-year low of just 3.5%.
LG chemical leak at India plant killed 11 5/8/2020
The synthetic chemical styrene leaked from the LG Polymers plant in a city on India's eastern coast while workers were preparing to restart the facility after a coronavirus lockdown was eased, state official Vinay Chand said. A fire that broke out before the gas leak was extinguished, and police said the gas leak was later halted and the air had cleared.
Elon Musk awarded $730 million Tesla stock options 5/8/2020
The electric car maker ended Wednesday with an average market value of $100.4 billion for the past six months, according to data drawn from FactSet Research. That was the final hurdle that Tesla needed to clear for Musk to receive nearly 1.69 million stock options priced at $350.02. Tesla's stock closed at $782.58 Wednesday, translating into a pre-tax gain of about $730 million.
China plans to complete space station by 2022 5/7/2020
China earlier launched an experimental space station that later crashed back through the atmosphere, and plans to build a larger facility with multiple modules to rival the scale of the International Space Station.
BMW told shareholders to brace for profit loss 5/7/2020
The company said it expected earnings to deteriorate during the first half of this year due to the coronavirus lockdowns and predicted the entire auto industry would be held back by the outbreak “for quite some time to come.”
State of California : Uber and Lyft mis-classified their drivers as independent contractors 5/7/2020
Attorney General Xavier Becerra and the city attorneys of Los Angeles, San Diego and San Francisco announced the lawsuit Tuesday. The labor law, known as AB5 and considered the nation's strictest test, took effect Jan. 1 and makes it harder for companies to classify workers as independent contractors instead of employees who are entitled to minimum wage and benefits such as workers compensation.
General Motors quarterly profit down 88% 5/7/2020
U.S. automakers suspended production in much of the world in late March. For GM, that clipped revenue for the quarter by 6%, to $32.7 billion, but that's not as bad as industry analysts had been expecting. Shares jumped 6.3% Wednesday.
INdia's software growth to drop 4.5% due to Covid-19 pandemic 5/6/2020
(IDC) forecasts that India domestic IT spending (Hardware, Software, and Services) is expected to drop to -4.5% in 2020 as compared to 2019 growth rate of +9.1%, as per IDC ’s Worldwide Black Book Live Edition, March 2020.
World wild server shipment to rebounce 5/6/2020
Server shipments are expected to see a 15.8% rebound in the second quarter as orders for servers continue picking up thanks to deferred orders from the first quarter and rising demand for cloud computing services partly driven by remote work and learning needs, Digitimes Research's figures show.
DRAM contract prices rose 18% m-o-m 5/6/2020
PC demand was solid on higher demand for telecommuting and online education services. Digitimes is estimating that 2Q20 global notebook PC demand will climb 40% q-o-q.
World leaders pledged $8 billion for vaccine research 5/6/2020
The funds, pledged at a video-conference summit hosted by the European Union, fell marginally short of the 7.5 billion euros being sought, but more money could arrive in coming days. Notably absent from the event was the United States, where more than 67,000 people have died, and Russia.
Omdia to slash its market forecast despite soaring demand for chips from the medical sector 5/5/2020
The worldwide semiconductor market now is expected to decline by 5% in 2020, excluding memory ICs, according to Omdia. With memory included, global revenue for the overall market will total US$439.3 billion in 2020, up 2.5% from US$428.5 billion in 2019. This is a significant reduction from the previous Omdia forecast of 5.5% growth for this year.
Intel offers $1 billion for Israeli public transit app developer Moovit 5/5/2020
Moovit’s free mobile navigation app provides transit information to more than 750 million users in 100 countries. The technology transforms vehicle fleets into an on-demand service to get essential employees safely to work and has been implemented in a number of cities by large corporations.
SpaceX urged launch spectators to stay home 5/5/2020
It will be the first launch of astronauts from NASA’s Kennedy Space Center in nine years — ever since the last space shuttle flight in 2011. It also will be the first attempt by a private company to fly astronauts to orbit.
PMI sinks to 41.5 - the worst ever recorded 5/5/2020
The Institute for Supply Management, an association of purchasing managers, reported Friday that its manufacturing index dropped to 41.5 last month from 49.1 in March. Anything below 50 signals contraction.

The news was bad across the board: Production, new orders, hiring and export orders all fell faster in April than they did in March.

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