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Microsoft to buy Nuance, a speech recognition company for $16 billion 4/14/2021
Microsoft will pay $56 per share cash. That's a 23% premium to Nuance's Friday closing price. The companies value the transaction including debt at $19.7 billion.
U.S. “pause” on J & J vaccine to investigate reports of potentially blood clots 4/14/2021
Unusual clots occurred 6 to 13 days after vaccination. The clots occurred in veins that drain blood from the brain and occurred together with low platelets. All six cases were in women between the ages of 18 and 48; there was one death and all remained under investigation.
New Mustang EV software problem keeps it from starting 4/14/2021
The Mach-E, which starts at more than $40,000, boasts a range of 300 miles per charge, but in order to get to those miles, the vehicle — like others, electric or not — needs a 12-volt lead-acid battery to get up and running. And a software issue in some vehicles, according to numerous owner complaints, is keeping that 12-volt from charging, essentially rendering the car useless.
Biden encourage big investment on computer chips 4/14/2021
He told the group of 19 executives from the technology, chip and automotive industries. “China and the rest of the world is not waiting and there’s no reason why Americans should wait.”
TSMC's US$100 billion capex plan greatly boosted confidence of its partners 4/13/2021
Along with the advancement of foundry processes, demand for advanced chip probing, final test and system-level tests for HPC chips has been gaining momentum, providing new growth opportunities for Taiwan's IC interface solutions providers including Chunghwa Precision Test Technology (CHPT), Keystone Microtech and WinWay Technology, the sources said, and they are all moving to expand capacity for high-end interface solutions to meet increasing demand from first-tier vendors of CPU, GPU and AP chips.
Stealing gasoline from government pipeline could have blown up Mexico City 4/13/2021
An inspection found that a gasoline pipeline that runs along the northern edge of the city had been riddled with at least eight illegal taps. The thieves had apparently left some of their taps open, allowing gasoline to soak into storm drains.
Hacking of small water utility system can cause big trouble 4/13/2021
The Florida city of Oldsmar, population 15,000, reported in February that a hacker attempted to poison its water supply by remotely accessing its system and changing chemical levels. An employee was able to quickly reverse the hacker's actions.
Verizon is recalling mobile hotspots that can cause fire 4/13/2021
The 4G hotspots were used by schools and sold by stores. They are called Ellipsis Jetpack mobile hotspots and were imported by Franklin Wireless in San Diego.
Globalfoundries to go public for $20 billion 4/12/2021
GloFo’s owner, the sovereign wealth fund Mubadala Investment Co of Abu Dhabi, is reported to be talking to potential advisers for the float.
"The economical recovered world will be different!" said Jerome Powell 4/12/2021
“There are a number of factors that are coming together to support a brighter outlook for the U.S. economy. Those factors are putting the nation “on track to allow a full reopening of the economy fairly soon.”
U.S. to put additional sanction on Chinese supercomputer builders 4/12/2021
The sanctions announced Thursday are the latest sign President Joe Biden is sticking to the tough line taken by his predecessor, Donald Trump, toward Chinese tech industries seen by Washington as potential threats.
Global auto chip shortage will likely affect dealer inventory 4/12/2021
Things have been getting even worse in recent weeks, particularly in the auto industry, where factories are shutting down because there aren’t enough chips to finish building vehicles that are starting to look like computers on wheels. The problem was recently compounded by a grounded container ship that blocked the Suez Canal for nearly a week, choking off chips headed from Asia to Europe.
Global chip supply shortage finally hits Apple 4/9/2021
Chip shortages have caused delays in a key step in MacBook production, the report said, adding that some iPad assembly was postponed because of a shortage of displays and display components.
Newport City, VT offers $1 million state grant to build an off road EV hub 4/9/2021
Mike Desmarais, owner and CEO of Track Inc., told the city council on Monday that the plant would allow Track Inc. and other companies to create as many as 150 jobs developing, manufacturing and servicing smart off-road electric vehicles and batteries as well diesel vehicles.
Mexio to set limit on outsourcing 4/9/2021
Under the agreement, companies will be able to outsource only non-core activities, like auxiliary services. Employers will have to put all essential, core positions on their payroll within three months.
UPS is trying out tilt-rotor airplane to deliver more efficiently 4/9/2021
UPS attempts to improve delivery times in small and mid-size markets. eVTOLs are a cross between a helicopter and a fixed-wing airplane, meaning they can fly at higher speeds, as well as ascend and descend vertically.
California State plans on reopening 4/8/2021
“This is a big day," Governor Newsom said Tuesday as he delivered the news that life could return to some semblance of normal by summer.
U.S. trade deficit reach new record high again 4/8/2021
The increase reflected a 2.6% decline in exports of goods and services to $187.3 billion on a seasonally adjusted basis. That wiped out a 0.7% decline in imports, which ticked down from January's record high of $260.1 billion. The February goods deficit of $87.1 billion was also the highest on record.
Equity investor offers $18 billion to take Toshiba private 4/8/2021
CVC is an international private equity and credit company, which has committed nearly $162 billion in funds, managing more than 300 investors. It declined to comment. It's headquartered in Luxembourg, and its main office is in London, according to the company.
Jeff Bezos said Amazon will support a corporate tax rate hike 4/8/2021
Bezos' statement, posted on the company's website, was notable because it came after Biden singled out the company for criticism about how much it pays in federal taxes when he recently unveiled his $2.3 trillion infrastructure proposal.
IC shortage seen easing on consumer products 4/7/2021
Expected better supplies in the second quarter compared with the first quarter of this year, and that the situation in the second half will be better than the second quarter.
With pandemic recovering, IMF economic forecast adjusted up 4/7/2021
The 190-country lending agency said Tuesday that it expects the world economy to expand six percent in 2021, up from the 5.5 percent it had forecast in January.
With flood of vaccine available, White House moved eligibility up 4/7/2021
Every adult in the U.S. will be eligible by April 19 to be vaccinated, a White House official said.
Intel brings out 10nm Xeon chip intended to get back server market share 4/7/2021
Intel chips using the 10-nanometer process were initially scheduled to debut in 2017. Difficulties in making that technology work economically caused multiple push backs. That holdup allowed AMD to field processors, made by contract manufacturer Taiwan Semiconductor Manufacturing Co., that it touts as more advanced than Intel’s products.
Booming economic recovery will not go without problems 4/6/2021
The most optimistic economists even predict that between now and year's end, the nation could produce as many as 10 million more jobs and restore the labor market to its pre-pandemic level.
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