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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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| Analysis predict energy stocks to be up 45% this year |
3/26/2021 |
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Analysts polled by FactSet expect the energy sector to make overall stock gains of up to 45% this year, based on current median target prices. That would make the sector the biggest gainer of the year, far outpacing 20% gains expected in the technology sector.
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| Jobless claim down below 700,000 |
3/26/2021 |
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Labor Department showed that jobless claims fell from 781,000 the week before. It is the first time that weekly applications for jobless aid have fallen below 700,000 since mid-March of last year. Before the pandemic tore through the economy, applications had never topped that level.
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| Congress holds hearing on Texas power grid failure |
3/26/2021 |
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For nearly a week in mid-February, most of the state experienced subfreezing temperatures. Millions of Texans lost power and heat. When pipes burst and water systems shut down, Texans were told to boil water for drinking — if they still had a way to boil water.
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| Cargo ship wedged across Suez Canal imperiled global shipping |
3/26/2021 |
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The Ever Given, a Panama-flagged ship that carries cargo between Asia and Europe, ran aground Tuesday in the narrow, man-made canal dividing continental Africa from the Sinai Peninsula. In the time since, efforts to free the ship using dredgers, digging and the aid of high tides have yet to push the container vessel aside — affecting billions of dollars' worth of cargo.
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| DDR5 memory to take hold in second half of 2021 |
3/25/2021 |
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Samsung said it developed 512GB DDR5 (Double Data Rate 5) memory modules based on a High-K Metal Gate (HKMG) fabrication process that’s traditionally been used in logic chips. DDR5 memory will be twice as fast as the current DDR4 while reducing leakage and using about 13% less power, the company wrote in its announcement.
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| Semiconductor equipment billing sets new high |
3/25/2021 |
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January billings figure is 3.2% higher than the revised billings level of US$3.04 billion in January, and is 32% above the February 2020 billings level of US$2.37 billion.
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| Intel to build two new factories in Arizona |
3/25/2021 |
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The California-based company says the Arizona expansion will cost about $20 billion and create 3,000 permanent jobs as Intel builds a foundry business to provide chips for other firms.
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| China said Tesla cars could be spying with their cameras |
3/25/2021 |
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The Chinese military is said to be uneasy over the potential for a Tesla’s variety of cameras to record classified information. Reports point to Tesla’s dashcam, which can record up to ten minutes, as well as its SentryMode function, which records incidents around the vehicles and is typically used to prevent theft.
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| Intel announced $20 billion investment to get into foundry services |
3/24/2021 |
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Intel announced plans to become a major provider of U.S.– and Europe-based foundry capacity to serve the incredible global demand for semiconductor manufacturing. To deliver this vision, Intel is establishing a new standalone business unit, Intel Foundry Services (IFS), led by semiconductor industry veteran Dr. Randhir
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| U.K. to emphasize on high-tech military |
3/24/2021 |
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British military would no longer be “overstretched and underequipped” and that new investment in equipment, infrastructure and technology “marks a shift from mass mobilization to information age speed, readiness and relevance for confronting the threats of the future.”
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| DARPA announced program to strengthen U.S. semiconductor supply |
3/24/2021 |
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Working in partnership with Intel and academic researchers from University of Florida, University of Maryland, and Texas A&M, SAHARA will leverage leading-edge, U.S.-based manufacturing capabilities to enable the automated and scalable conversion of defense-relevant field-programmable gate array (FPGAs) designs into quantifiably secure Structured ASICs.
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| Trade bottleneck born of the COVID-19 has U.S. businesses awaiting goods from Asia |
3/23/2021 |
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Current problems were sown last March, when Americans stayed home and dramatically changed their buying habits — instead of clothes, they bought electronics, fitness equipment and home improvement products. U.S. companies responded by flooding reopened Asian factories with orders, leading to a chain reaction of congestion and snags at ports and freight hubs across the country as the goods began arriving.
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| Russian hacker pleads guilty on cyber extortion to Tesla |
3/23/2021 |
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Prosecutors alleged that Kriuchkov acted on behalf of co-conspirators abroad and attempted to use face-to-face bribery to recruit an insider to physically plant ransomware, which scrambles data on targeted networks and can only be unlocked with a software key provided by the attackers.
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