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President Trump backs Oracle deal to partner with Tik Tok 9/22/2020
Trump said if completed the deal would create a new company likely to be based in Texas. “I have given the deal my blessing,” he said. “If they get it done, that’s great. If they don’t, that’s OK too.”
U.S. Customs seized $400k worth of fake Apple earbuds 9/22/2020
According to s statement Customs provided to WIRED, “a CBP Import Specialist determined that the subject earbuds appeared to violate Apple’s configuration trademark. CBP’s seizure of the earbuds in question is unrelated to the images or language on the box.
Nikola found lying on capability of hydrogen-powered truck 9/22/2020
The company said late Sunday that Trevor Milton resigned and the departing executive chairman said he would defend himself against accusations that the company made false claims about its vehicles, allegations Nikola rejects.
Google to receive $25 million in tax breaks for a new data center in Nevada 9/21/2020
The company previously committed $600 million to the data center in the Las Vegas suburb of Henderson.
More hacking charges are brought over to Iranian nationals 9/21/2020
U.S. District Court in Alexandria, Virginia, accuse a member of the Revolutionary Guard and two others of stealing the identities of individuals working in aerospace and satellite technology. The hackers would then use those identities to launch phishing campaigns on the tech workers' peers in order to launch malware and commandeer sensitive data and intellectual property.
Amazon is planning to open 1,000 small Suburban delivery hubs 9/21/2020
The distribution and sortation facilities will eventually number around 1,500, with the overall goal of bringing products ever closer to customers and helping the e-commerce giant ensure next-day or same-day delivery to as much of the country as possible.
U.S. semiconductor industry ask government for $50 billion to revive production 9/21/2020
The trade group representing that sector this week warned that domestic semiconductor production has gradually been on the decline for decades — and said tens of billions of dollars would be needed to reverse course.
Shell is first one to submit plans for Alaska's North Slope drilling 9/18/2020
Shell holds a 100% working interest in 18 leases covering more than 122 square miles (316 square kilometers) in the proposed unit.
U.S. bring charges to 5 Chinese hackers 9/18/2020
The Justice Department also announced that it had seized hundreds of accounts, servers and domain names used by the defendants and that it had worked with Microsoft and other private sector companies to deny the hackers continued access to tools, accounts and hacking infrastructure.
Ford to build F-150 pickup truck at new plant in Michigan 9/18/2020
Ford's F-series pickup is the top-selling vehicle in the U.S. with nearly 900,000 sold last year.
Raytheon seeks $2 billion cut to conserve cash 9/18/2020
Raytheon Technologies Corp. plans to eliminate more than 15,000 jobs this year. The job cuts at the Waltham, Massachusetts-based company are nearly double the total it initially announced in July.
Apple introduced a cheaper version of its smartwatch 9/17/2020
The new discount model, called the Apple Watch SE, will sell for $279 and be available beginning Friday. The price is a markdown from the $399 that Apple is asking for the next version of its higher end watch.
U.S. to drop tarriff on Canadian aluminum 9/17/2020
Canada was preparing to impose retaliatory tariffs on U.S. products Tuesday.
Global economy is not doing as bad as previously expected 9/17/2020
The OECD projects world's gross domestic product to decline by 4.5% this year, down from its June forecast of a 6% plunge.
Company offers $20,000 for employees to move out of expensive urban areas 9/17/2020
The catch is each employee who takes the deal also gets a 10% pay cut.
U.S. industrial production slow to regain 9/16/2020
U.S. industrial production slowed to a modest increase of 0.4% in August, far weaker than the strong bounce back recorded in previous months when factories were coming back to life.
What is Oracle buying TikTok for ? 9/16/2020
Oracle is known for providing enterprise software including cloud computing services. So it could provide cloud services such as storing TikTok’s data in the U.S., or computing services for the app.
Walmart teams up with a company called Zipline to launch drone delivery program 9/16/2020
Zipline, founded in 2014, has the world's largest drone delivery network and began operating in late 2016 in Rwanda primarily focusing on-demand delivery of medical supplies. The California company has now delivered more than 200,0000 medical items to thousands of health facilities in numerous countries.
Tesla to replace robots with giant size casting machine 9/16/2020
This week, a person familiar with the plans for Tesla’s factory in Germany told Retuers that the new “Gigapress” represents a move toward assembling cars from just a handful of large modules rather than many different parts.
Amazon to hire additional 100,000 people 9/15/2020
The company already had to hire 175,000 people earlier this year to keep up with the rush of orders, and last week said it had 33,000 corporate and tech jobs it needed to fill.
TikTok to partner with Oracle instead of Microsoft 9/15/2020
Oracle co-founder Larry Ellison is unusual among tech executives for his public support of Trump, hosting a fundraiser for him in February at his Rancho Mirage, California, estate. The company also hired a former top aide to Vice President Mike Pence; its CEO, Safra Catz, also served on Trump’s transition team.
Lean manufacturing partially blamed for paper towel shortage 9/15/2020
They say Lean manufacturers maintaining low inventory levels were unable to respond adequately to the COVID-19 demand spike.
Nvidia make $40 billion offer to acquire ARM 9/15/2020
Being owned by a U.S. company could mean Arm is exposed to U.S. government export bans at a time when Washington is in a battle for tech supremacy with China.
MediaTek hit single month revenue record of US$1.12 billion 9/14/2020
MediaTek's revenue for August 2020 represented increases of 22.6% sequentially and nearly 42% on year, driven by a pull-in of orders for new 5G smartphones and gaming phones.
Samsung predicts Exynos chips to grow in 2021 9/14/2020
The South Korean tech giant has been trying to catch up to the industry leader Qualcomm Technologies Inc., which dominates the market with its Snapdragon processors.
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