Sunday, August 9, 2020

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Volvo and Daimle to set up a joint venture to develop and produce fuel cell trucks 4/22/2020
The two firms said that they will be equal partners in the new enterprise. Daimler Truck will put all its current fuel cell activities into the joint venture, and the Volvo Group will buy a 50% stake in the venture for around 600 million euros ($652 million).
Georgia would allow some small business to reoen on Friday 4/22/2020
Georgia's timetable, one of the most aggressive in the nation, would allow gyms, hair salons, bowling alleys and tattoo parlors to reopen as long as owners follow strict social-distancing and hygiene requirements. Elective medical procedures would also resume. By Monday, movie theaters may resume selling tickets, and restaurants limited to takeout orders could return to limited dine-in service.
A French court orders Amazon to suspend non-essential sales to protect employees 4/16/2020
The ruling requires Amazon to evaluate health risks at all its facilities around France and negotiate new safety measures with worker representatives. Amazon must suspend its non-essential trade within 24 hours or face 1 million euros ($1.1 million) in fines per day. Sales of food, medicine and hygiene supplies are still allowed.
Sports apparel company Adidas to get $3 billion Euro government loan 4/16/2020
The company based in Herzogenaurach, Germany, said Tuesday that it was suspending dividends, share buybacks and 2020 executive bonuses as a condition of getting the loan “to bridge this unprecedented situation.”
American industry collapsed in March 4/16/2020
Manufacturing and overall industrial production posted the biggest declines since the United States demobilized after World War II.
48% in a recent survey prefer diversifying their supply chain 4/16/2020
Sikich, a leading industry analyst, recently published a report detailing the industrial sector’s current thoughts and future plans relating to recent and evolving market dynamics.
Imagination CEO resignation to signify China control of foreign HiTech company 4/15/2020
This is surprising given the events of last week, when British government intervention put the brakes on an emergency board meeting at which four new directors representing China Reform Holdings, the owners of Imagination Technologies, were to be appointed [China Reform is the limited partner of Canyon Bridge, who bought out Imagination in 2017].
Amazon to return shipping “non-essential” items this week 4/15/2020
Amazon spokesperson saying the company will begin to accept more products in its warehouses this week that are outside of the e-commerce giant’s definition of “essentials”. In March, Amazon told its seller members that it was temporarily prioritizing stocking and shipping medical supplies, household products and other essential categories to meet demand for them amid the COVID-19 pandemic.
IMF predicts global economy to shrink 3% 4/15/2020
The IMF said Tuesday that it expects the global economy to shrink 3% this year — far worse than its 0.1% dip in the Great Recession year of 2009 — before rebounding in 2021 with 5.8% growth. It acknowledges, though, that prospects for a rebound next year are clouded by uncertainty.
Government placed ventilator contract up to $1.4 billion 4/15/2020
>In total, combined with contracts with General Motors and Philips rated under the DPA earlier this week, HHS has finalized contracts to supply 6,190 ventilators for the Strategic National Stockpile by May 8 and 29,510 by June 1. The seven new ventilator contracts announced by HHS this month will provide a total of 137,431 ventilators by the end of 2020.
JEDEC is close to publish DDR5 memory standard 4/14/2020
Suddenly, 3200 Mhz memory isn't enough. And with data sets for AI and machine learning grower ever larger, memory was becoming a real bottleneck. DDR5 will address that. DDR5 will start at 3200 MHz and scale all the way up to 8400 MHz as time goes on.
Siemens vows no job cut due to virus pandamic 4/14/2020
So far only a small number of Siemens workers - 1,600 out of 120,000 in Germany, are on short-time work.
Demand increase in healtcare support memory components 4/14/2020
Memory device controller supplier Phison Electronics and industrial memory module specialist Innodisk have both enjoyed an influx of short lead-time orders for healthcare applications recently.
South Korea government uses electronic wristband to monitor covid-19 quarantine 4/14/2020
Under the country’s recently strengthened laws on infectious diseases, people can face up to a year in prison or fined as much as $8,200 for breaking quarantine orders.
Taiwan-based IC design houses are caution about their sales in the third quarter, 4/13/2020
Most Taiwan-based IC design houses have posted impressive revenue results for March, and are expected to see the momentum carry on through the first half of the second quarter, said the sources. However, the visibility of customer orders remains weak for the second half of the second quarter, which may drag down the fabless chipmakers' revenues during the period, the sources indicated.
U.S. unemployment rate in April could hit 15% 4/13/2020
A staggering 16.8 million Americans have been thrown onto the unemployment rolls in just three weeks, underscoring the terrifying speed with which the coronavirus outbreak has brought world economies to their knees.
Global pack to atabilize oil prices to take shape 4/13/2020
More countries, including the United States, were discussing Friday their own cuts in what would be an unprecedented global pact to stabilize the market. The agreement between OPEC and partner countries aims to cut 10 million barrels per day until July, then 8 million barrels per day through the end of the year, and 6 million a day for 16 months beginning in 2021.
Automobile showroom traffic quickly returned in Wuhan, China 4/13/2020
And as some auto showrooms ramped back up in mid March, what many guessed would be a tepid return is turning out to be much more pronounced. According to Automotive News, after sales near zero in February, some Wuhan dealerships say their daily sales are already back up to pre-pandemic levels.
Bridgestone Americas to resume production on April 13 4/10/2020
Bridgestone Bandag's retread rubber manufacturing plants in North America resumed operations the week of March 29, due to demand by essential service providers. Firestone Industrial Products and Firestone Building Products manufacturing facilities on April 13.
Space astronauts are under straight one month quarantine 4/10/2020
Speaking to journalists Wednesday in a video link from Baikonur, Cassidy said the crew had been in “a very strict quarantine” for the past month and is in good health.
European Airbus cut production by one third 4/10/2020
The company said it delivered 122 planes in the first quarter, but 60 remain undelivered. It delivered only 36 in March, down from 55 in February, as airlines asked to suspend orders while facing huge costs related to a near-total shutdown of air travel.
Modular wall maker gets into partition walls for coronavirus patients 4/10/2020
The Vista, CA-based company says it now utilizing 100 percent of its manufacturing capabilities to quickly build and distribute COVID-19 containment spaces across the US.
Apple secured supply chain for 20 million masks 4/9/2020
Apple hopes to quickly expand distribution beyond the U.S. It plans to ship over a million face shields to healthcare workers by the end of the week, and continue to send that many every week going forward, Cook said.
Bandwidth Inc benifits fromcounting bandwidth usage on networks 4/9/2020
Bandwidth Inc. unveiled plans for $103 million in capital investment while the company expands its Raleigh headquarters and operations. It plans to create nearly 1,200 jobs in the state over the next eight years, the state Commerce Department announced on Tuesday.
Computer problem at SBA holds up small business emergency loans 4/9/2020
The SBA’s loan processing system stopped working Monday, making it impossible for loans to be approved and funds distributed, according to a trade group for community bankers and the CEO of an online lending marketplace. And there was confusion about the documents lenders needed from customers to complete loan transactions.
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