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| U.S. productivity rose at a 7.3% rate record |
8/17/2020 |
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The Labor Department report Friday is its first estimate of second-quarter productivity and follows the first quarter’s 0.3% decline. Labor costs rose again in the second quarter after rising at a 9.8% rate in the January-March quarter. It's the biggest jump in labor costs since 2014.
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| Foxconn has not fulfilled its promise to the University of Wisconsin |
8/17/2020 |
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In August 2018, Foxconn committed $100 million to the university to help fund an engineering building and for company-related research. It gave the school $700,000 in the first year of a 5-year agreement and records show the school has received no additional money over the past year.
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| Mazda Toyota Manufacturing to create 4,000 new jobs in Alabama |
8/17/2020 |
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Gov. Kay Ivey said in a news release that the investment in the new auto facility is now $2.3 billion, up from the $1.6 billion originally announced in 2018. The additional money will be used to incorporate cutting edge manufacturing technologies into production lines and training for the 4,000 workers
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| AI chip market to reach $12.2bn by 2025 |
8/14/2020 |
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Growth in the edge AI chipset market will be driven by increasing demands for low latency and data privacy plus the availability of low-cost ultra-low-power chips designed specifically for this application.
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| Foxconn see global trend toward a G2 is inevitable |
8/14/2020 |
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“The forming of two sets of supply chains in the world is an inevitable trend in the coming future,” said Liu, adding: “there will be no country to fully replace China as the global manufacturing powerhouse.”
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| Samsung moves into 3DIC packaging |
8/14/2020 |
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Samsung Electronics on Thursday announced it has begun mass-producing logic chips on 3D packaging technology on 7-nanometer to better meet high-performance and multi-tasking on 5G, AI and other smart computing applications.
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| Tesla plans 5 to 1 stock split |
8/13/2020 |
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The five-for-one stock split announced Tuesday won't change how much Tesla's business is worth, but will automatically reduce the price of its shares by 80% when it's completed on Aug. 31.
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| Toshiba exits PC business |
8/13/2020 |
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Recently, Toshiba announced that it transferred the last of its shares of its laptop business, now called Dynabook, to Sharp Corporation.
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| U.S. wholesale prices shot up an unexpected 0.6% |
8/12/2020 |
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Wholesale energy prices shot up 5.3% in July, including a 10.1% surge in gasoline prices. Food prices slid 0.5%. Excluding the volatile food and energy prices, so-called core producer prices rose 0.5% last month.
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| When face mask render iPhone face unlock feature useless |
8/11/2020 |
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Apple's iOS 13.5, released in May, automatically presents the passcode field after a user swipes up from the bottom of the lock screen. Also, Apple Pay Express Transit, introduced last year, allows riders on some bus and subway lines to pay with their iPhone or Apple Watch without having to wake the device.
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| 1.8 million job gain realized in July |
8/10/2020 |
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Many employers have been reluctant or unable to hire, with about two-thirds of the nation having paused or reversed reopening plans early last month. Even counting the hiring of the past three months, the economy has recovered only about 42% of the 22 million jobs it lost to the pandemic.
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| U.S. to reinstate a 10% import tax on Canadian aluminum |
8/10/2020 |
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Trump originally imposed the tariffs on aluminum imports in 2018. He then lifted them last year on Canadian and Mexican metals to smooth the way for the US-Mexico-Canada Agreement, which replaced the North American Free
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| "work/learn-from-home" drives tablet sale to record |
8/7/2020 |
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Tablets have evolved from the simple entertainment slate of the boom years into devices more capable of handling work and school tasks, which has broadened the choices consumers and commercial clients face when upgrading or buying new devices for the new normal.
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