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| Mercedes Benz to increase investment in Aston Martin |
11/4/2020 |
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Mercedes already owns a tiny chunk of Aston Martin -- about 2.6 percent as it stands -- but the automaker says it plans to increase that stake over the next three years, potentially to as much as 20 percent.
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| STMicroelectronics to setup MEM R&D fab lines in Singapore |
11/3/2020 |
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The 1,300 sq m cleanroom, which will focus on piezoelectric micro-electromechanical system (piezo Mems) technology, is expected to produce its first wafers in the second quarter of next year, and scale up to higher-volume production by end-2022.
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| Pandemic changes this Holiday hiring scheme |
11/3/2020 |
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As more shoppers shy away from stores and shift their purchases online during the pandemic, retailers have stepped up the pace of hiring at warehouses. At the same time, they are looking for workers who can handle new tasks like checking temperatures and booking store appointments for shoppers who still want the in-store experience but are jittery about exposure to the coronavirus.
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| Foxconn appeals the Wisconsin state's denial of job-creation tax credits. |
11/3/2020 |
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The Wisconsin Economic Development Corp. earlier this month said Foxconn did not qualify for tax breaks based on capital investments and hiring done in 2019. The state economic development agency determined that Foxconn, the world's leading electronics manufacturer, only hired 281 full-time employees who are eligible to count toward tax credits at its facility in southeastern Wisconsin and made just $300 million in capital expenditures.
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| U.S. consumers spending rises |
11/2/2020 |
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The September gain marked the fifth straight monthly increase in consumer spending, the primary driver of the U.S. economy, since the virus erupted in early spring and flattened the economy. But the recent slight increases reflect an economy weakened by the virus and by the failure of Congress to provide another stimulus package to struggling individuals and businesses.
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| UMC profit surged 36.4% |
11/2/2020 |
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UMC saw its revenue hit a record high of NT$44.87 billion in the third quarter of 2020, when operating profits climbed 22% on quarter to NT$7.13 billion. The foundry utilized 97% of production capacity during the quarter. Gross margin and operating margin arrived at 21.8% and 15.9%, respectively.
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| Wages and benefits for U.S. workers slows during pandemic |
11/2/2020 |
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U.S. workers’ total compensation rose 0.5% in the July-September quarter, the second straight quarter of slower growth in wages, the Labor Department said Friday. Growth was the same as in the April-June quarter. That’s down from 0.8% in the first three months of the year.
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| DRAM price erosion starts again |
10/30/2020 |
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Samsung Electronics, SK Hynix and Micron Technology all anticipate softer DRAM sales in calendar fourth-quarter 2020 and first-quarter 2021. In Micron's case, it is banned from selling DRAM to Huawei in China due to trade restrictions that went into effect on September 15.
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| Marvell to pay $10.63 billion for Inphi |
10/30/2020 |
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Marvell shareholders will own about 83% of the company, with Inphi shareholders owning the remaining 17%. The deal has been approved by both boards and is expected to close by the second half of 2021.
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| Purina to build new factory in the U.S. |
10/30/2020 |
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Purina has announced it will soon begin construction on a $550 million plant in Williamsburg Township, Ohio. Parent company Nestle employs around 3,300 people in Ohio, and this will add another 300 jobs.
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| Sony profit double as people play more games during pandemic |
10/29/2020 |
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Sony anticipates strong performance for its game division, which has the PlayStation 5 set to go on sale soon. But even its current model and its game software are doing well as the coronavirus pandemic has people around the world staying home. Sony sold 1.5 million PlayStation 4 machines in July-September.
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| General Electric turns to a surprise profit |
10/29/2020 |
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Earnings, adjusted for one-time costs and asset impairment costs, were 6 cents per share. That beat the expectations of analysts surveyed by Zacks Investment Research, who were calling for a loss of 6 cents per share.
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| Too many turkey for this Thanksgiving? |
10/29/2020 |
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Turkey farmers fear that they’ll be left with too many big turkeys and not enough small ones. This is because there likely won’t be nearly as many large Thanksgiving gatherings this year due to concerns over COVID-19, which will also lead to far less people going out for their holiday meals. Many Americans may opt to have smaller gatherings, for which smaller turkeys would be better suited.
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| AMD plus Xilinx to compete fiercely with Intel |
10/28/2020 |
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The transaction will give AMD a strong portfolio of high performance processor technologies, combining CPUs, GPUs, FPGAs, Adaptive SoCs and deep software expertise to enable leadership computing platforms for cloud, edge and end devices.
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| Jack Ma's Ant Group to break all IPO record |
10/28/2020 |
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Alipay, operated by Ant Group, is the world’s largest and most valuable financial technology (fintech) company and one of two dominant Chinese digital wallets in China.
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| Toy sales jump 21% admit pandemic |
10/28/2020 |
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The maker of iconic games like Monopoly has reported a 21% jump in sales. Hasbro says Americans stuck at home are looking for things to do.
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| Semi equipment Book-to-Bill advanced in September |
10/27/2020 |
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North America-based manufacturers of semiconductor equipment posted US$2.75 billion in billings worldwide in September 2020 (three-month average basis), according to SEMI. The billings figure is 3.6% above the revised level of US$2.65 billion in August, and 40.3% higher than the September 2019 billings.
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| Foxconn, beware of competitions |
10/27/2020 |
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Foxconn, has set up a task force to fend off the growing clout of Chinese electronics manufacturers. Dongguan-based Luxshare 002475.SZ, which is little-known internationally but is poised to become the first mainland China-headquartered firm to assemble iPhones - a turf until now dominated by Taiwanese manufacturers.
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| Long time Samsung chairman die at 78 |
10/27/2020 |
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Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics.
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