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Micron forecast current-quarter revenue to exceed estimates 7/1/2020
The company said sales of the drives hit a record in its fiscal third-quarter and that three-quarters of its NAND chips were sold as part of higher-value products rather than raw chips.
Tesla warn of Q2 outlook 7/1/2020
Tesla is trying to avoid a quarterly loss despite its Fremont, California, factory being shut down for nearly two months due to coronavirus restrictions. The company also has a plant in China.
U.S. firework sles is on “unprecedented” boom 7/1/2020
Many families have cancelled summer trips and continue to stay home, desperate for a source of entertainment.
FED to buy corporate bonds as a stimulus 6/30/2020
The Fed announced in March that it would, for the first time in its history, purchase corporate bonds as the intensifying viral outbreak caused panicked investors to dump most types of securities in a rush to hold cash. That pushed up a range of interest rates and made it nearly impossible for companies to borrow more by issuing new bonds.
Amazon buys autonomous technology firm to project future package delivery 6/30/2020
Amazon has used autonomous technology to get orders to shoppers: self-driving robots shuffle products around its warehouses and a cooler-sized robot with six wheels has delivered orders in a Seattle suburb. It’s also working on self-piloted drones that fly small goods to customers’ homes.
Nissan CEO apologize for poor performance, cut his own pay 6/30/2020
Uchida apologized for the poor results and promised a recovery by 2023, driven by cost cuts and new models showcasing electric-car and automated-driving technology.
A Chinese national convicted for stealing technology 6/30/2020
U.S. District Judge Edward Davila found Hao Zhang, 41, guilty of the three counts Friday after a four-day trial. The decision comes five years after Zhang was indicted on charges of conspiring to steal technology from two companies shortly after graduating from the University of Southern California.
Tsinghua Unigroup to build another DRAM fab. 6/29/2020
Although Tsinghua Unigroup has not revealed the plant's annual capacity or how much it will invest, the sources said the company is considering a total investment of 800 billion yuan ($110 billion) in its DRAM operations over 10 years.
Bipartisan group in congress supports a $25 billion package for semi industry 6/29/2020
The measure would offer $15 billion in federal grants to states to build, expand or modernize domestic semiconductor manufacturing and R&D facilities. It would also authorize $5 billion in federal dollars towards public-private projects to build or modernize fabs that produce “measurably secure and specialized microelectronics” for use by the federal government as well as for critical infrastructure.
Huawei to build new optoelectronics R&D center in U.K. 6/29/2020
This R&D center near Cambridge in the UK, will include fab space as part of the 50,000 sq.m. facility.
Apple to migrate all its Mac products from Intel processors to its own Arm-based silicon. 6/29/2020
Apple said developers can “start building apps today and first system ships by year’s end, beginning a two-year transition.”
Order for U.S. Durable Good surge 15.8% 6/26/2020
The Commerce Department said that orders for manufactured goods meant to last at least three years shot up 15.8% in May after plunging 18.1% in April and 16.7% in March. Economists expected a rebound, but the May increase was stronger than expected.
Software update required on some Toyota Prius to correct possible stall problem 6/26/2020
Hybrids are designed to go into a fail-safe mode if there are faults in the hybrid system. But in rare instances, they may not go into fail-safe and the engines could lose power and stall.
IT industry will continue to grow 6/26/2020
Latest data shows positive trend of IT growth during the pandemic.
U.S. GDP shranked 5% in the first quarter 6/26/2020
The 5% drop was the sharpest quarterly decline since an 8.4% fall in the fourth quarter of 2008 during the depths of the worst financial crisis since the Great Depression.
Memory problem lead to touch screen failure in Tesla vehicles 6/25/2020
The probe covers 63,000 Model S vehicles with screens controlled by flash memory devices with finite lifespans based on the number of program and erase cycles, the documents said. The screens can fail prematurely because the memory can wear out.
Accenture to build tech cneter in St. Louis 6/25/2020
Accenture will get about $20 million in tax breaks.
Virus outbreak at an Amazon fulfillment center in Shakopee, Minn. 6/25/2020
88 workers have tested positive for COVID-19 at an Amazon fulfillment center in Shakopee, Minn. About 1,000 people work at the facility located 30 miles southwest of Minneapolis.
Segway ends production of original personal transporter 6/25/2020
“Within its first decade, the Segway PT became a staple in security and law enforcement, viewed as an effective and efficient personal vehicle,”
China launched final satellite to complete their own GPS like navigation systems 6/24/2020
Beidou could ultimately compete against GPS and others in the same way Chinese cell phone makers and other producers of technically sophisticated hardware have taken on their foreign rivals.
Grainger to divest China division 6/24/2020
Grainger China LLC. It will be sold to a purchaser owned by the Grainger China management team and Sinovation Ventures, a China-based venture capital firm.
Researchers found new way to extend the shelf life for an N95 mask 6/24/2020
The Purdue innovators developed a technique that focuses on the elastic band that attaches to the front of the mask.
Apple disclosed software and new MAC chips at developer conference 6/24/2020
Apple on Monday provided a glimpse at upcoming software changes designed to make the iPhone even easier to use and also announced a long-anticipated shift to a new type of chip to power its line of Mac computers.
Google lost appeal in French court in violation on data privacy rules 6/23/2020
France’s data watchdog had said Google users were "not sufficiently informed" about what they were agreeing to as the company collected data for targeted advertisements.
Apple to close stores in four states again due to pandemic resurge 6/23/2020
The move heightens concerns that the pandemic might keep the economy in the doldrums longer than expected. Those worries sent stocks on Wall Street lower.
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