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| EV company to retrofit former Hummer plant for production |
4/6/2021 |
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The company said it has more than 45,000 orders for the Class 1 vehicle, which means trucks or vans weighing less than 6,000 pounds. The van can go about 150 miles on a charge. Employment could reach 100 people by the end of the year.
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| LG gets out of cellphone business |
4/6/2021 |
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It was still No. 3 in North America, with a 13 percent market share behind Apple's 39 percent and Samsung's 30 percent as of the third-quarter of 2020, according to Counterpoint Technology Market Research.
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| Record shows more than 50% corporations pay zero tax |
4/6/2021 |
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More than 50 of the largest U.S. companies paid nothing in federal income taxes last year, with many getting rebates, even though they reported almost $40.5 billion in pretax profits as a group, according to the Institute on Taxation and Economic Policy. The group believes the tax system needs to raise more tax revenue.
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| U.S. new hiring doubles |
4/5/2021 |
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The March increase — the most since August — was nearly double February’s gain of 468,000, the Labor Department said Friday. The unemployment rate declined from 6.2% to 6%.
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| U.S. auto sales rose to the highest since pandemic |
4/5/2021 |
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Automakers sold more than 3.9 million vehicles during the first three months of the year, with several major companies reporting March sales that nearly doubled from the same month a year earlier, according to figures compiled by Edmunds.com.
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| Tesla double its sales in a year |
4/5/2021 |
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The number was more than double the deliveries for the same period last year. And it beat Wall Street estimates of 168,000 for January through March.
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| Amazon plans to have its employees return to the office by fall |
4/2/2021 |
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Seattle Times reports the company told employees Tuesday it is planning a “return to an office-centric culture as our baseline.” Amazon and Microsoft were among the first large companies to mostly shutter their main offices in the Seattle area during the first COVID-19 outbreak in March 2020.
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| TSMC to invest $100 billion in expanding its manufacturing capacity |
4/2/2021 |
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TSMC said it anticipates faster growth thanks to long-term trends like the introduction of next-generation telecommunications and high-performance computing. The coronavirus pandemic, meanwhile is revving up demand for electronic devices as the world relies increasingly on digitalization.
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| Fire damage at Renesas worse than originally thought |
4/2/2021 |
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Nikkei Asia is reporting that the company has said 17 machines were impacted, rather than the 11 they’d originally counted. The company reportedly said the effect of soot on the production equipment was more extreme than originally anticipated.
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| Researchers to develop 5G-enabled "smart warehouse" |
4/1/2021 |
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Fast 5G wireless connectivity combined with internet of things sensor networks promises to change how warehouses move and track items to ensure they arrive at their intended destination in a timely manner.
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| Lockheed Martin received contract to build 11,000 rockets |
4/1/2021 |
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The contract calls for the production of more than 9,000 GMLRS Unitary and Alternative-Warhead (AW) rockets, more than 2,000 Low-Cost Reduced-Range Practice Rockets (RRPRs) and integrated logistics support for the U.S. Army, U.S. Marine Corps and international customers.
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| Pfizer declares vaccine good for 12 years old |
4/1/2021 |
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In a study of 2,260 U.S. volunteers ages 12 to 15, preliminary data showed there were no cases of COVID-19 among fully vaccinated adolescents compared to 18 among those given dummy shots, Pfizer reported.
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| Rumor of Volkswagen name change is a hoax |
3/31/2021 |
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Volkswagen plans to change its brand name in the United States to “Voltswagen”... The company had briefly posted a press release on its website early Monday announcing the brand name change. The press release was noticed by a reporter from USA Today before it was removed. The release was dated April 29.
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| Taiwan becomes a growth market for Semiconductor eqipments |
3/31/2021 |
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ASML and KLA are looking to beef up their local operations in Taiwan, according to industry sources. Silicon wafers and other chipmaking materials providers, such as Shin-Etsu Chemical and Entegris, are also poised to scale up their local units in Taiwan.
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| Samsung Austin Fab. recovers from Winter storm |
3/31/2021 |
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Samsung Electronics production at its U.S. chip plant at Austin, Texas had returned to near-normal levels as of last week after more than a month of disruption that exacerbated a global chip capacity crunch.
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| New Yorker State launched digital vaccination passport |
3/30/2021 |
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The Excelsior Pass will be accepted at major entertainment venues like Madison Square Garden and Albany's Times Union Center. The app is similar to a mobile airline boarding pass and uses a secure QR code that can be stored in a smartphone or printed out.
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| Southwest Airlines ordered 100 737 MAX airplanes |
3/30/2021 |
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Dallas-based Southwest expects aircraft capital spending of about $5.1 billion through 2026. Under the deal, Boeing could build more than 600 new 737 MAX jets for the airline through 2031.
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| Cargo ship stuck at Suez Canal is free at last |
3/30/2021 |
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The crisis cast a spotlight on the vital trade route that carries over 10% of global trade, including 7% of the world’s oil. Over 19,000 ships ferrying Chinese-made consumer goods and millions of barrels of oil and liquified natural gas flow through the artery from the Middle East and Asia to Europe and North America.
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