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| U.S. trade deficit fell 7.5% in June |
8/6/2020 |
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The Commerce Department said Wednesday that the gap between the value of what the United States buys and what it sells abroad fell 7.5% to $50.7 billion in June from $54.8 billion in May. Exports shot up an unprecedented 9.4% to $158.3 billion. Imports rose 4.7% to $208.9 billion.
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| Analyst predicts memory market to slow down due to material shortage |
8/6/2020 |
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DRAM shipment growth is projected to be flat q-q. Of note, hyperscalers’ data center investment concentrated on 1H20 due to a surge in non-face-to-face traffic amid the Covid-19 crisis. Therefore, as memory inventory levels at hyperscalers will likely exceed the appropriate amounts in 2H20, data center investment is expected to decline h-h.
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| US PMI notching a third consecutive month of economic growth |
8/5/2020 |
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The July PMI registered 54.2 percent, up 1.6 percentage points from the June reading of 52.6 percent. This figure indicates expansion in the overall economy for the third month in a row after a contraction in April, which ended a period of 131 consecutive months of growth.
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| Semiconductor sales rose 5.1% year-on-year in June |
8/5/2020 |
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SIA said sales during the second quarter of 2020 were US$103.6 billion, an increase of 5.1% over the second quarter of 2019, but a small decrease of 0.9% compared to the first quarter of 2020.
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| Manufacturers will continue to bring supply chains closer to home |
8/4/2020 |
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Before the start of 2020, a trend toward nearshoring to North America was emerging. Now, in the midst of the COVID-19 pandemic, we predict companies will not only continue this trend – they will also adjust their entire supply chains toward more geographically spread production.
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| Kodak stock value returns to it's glorious days |
8/4/2020 |
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Kodak stockholders, who saw the value of their stock climb from about $2 per share to as high as $60. The list includes CEO Jim Continenza, who reportedly added a cool $79 million to his net worth.
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| U.S. consumer spending up 5.6% in June |
8/3/2020 |
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Consumer spending followed a seasonally adjusted 8.5% surge in May after spending had plunged the previous two months when the pandemic shuttered businesses, caused tens of millions of layoffs and sent the economy into a recession.
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| U.S. economy plunged by 32.9% |
7/31/2020 |
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The U.S. economy plunged by a record-shattering 32.9% annual rate last quarter, and the coronavirus pandemic is still cutting a path of destruction, forcing millions out of work and shuttering businesses.
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| 3D Bio-printing forms KFC chicken nuggets |
7/31/2020 |
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The company recently announced plans to roll-out lab-grown chicken nuggets made by a 3D Bioprinting Solutions printer. The nuggets will be available this fall in Moscow.
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| Mobile App helps to bring early detection of Covid-19 |
7/30/2020 |
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The new technology developed with support from the DST, will detect the possible infection in an asymptomatic individual to prioritise the conventional testing queue as well as carry out a risk assessment of an asymptomatic individual to become symptomatic and risk assessment of an asymptomatic individual for recovery.
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| China has ambition to expand its foundries by 40% in 5 years |
7/30/2020 |
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China's IC self-sufficiency rate is still far lower than the goal of 40% set in the 13th five-year plan, and its chip fabrication technology still lags behind international peers by three generations. This, coupled with the US-China trade war, will add uncertainties to the future development of China's IC manufacturing industry.
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| AMD did well while Intel slows |
7/30/2020 |
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AMD shares rose as much as 10% in extended trading on Tuesday after the company upgraded its revenue guidance for the current year as part of its second-quarter earnings results.
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