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| June PMI turns around |
7/3/2020 |
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Manufacturing index rose to 52.6 last month after registering 43.1 in May and 41.5 in April. Any reading below 50 signals that U.S. manufacturers are contracting.
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| Airbus to trim 15,000 jobs |
7/2/2020 |
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“With air traffic not expected to recover to pre-COVID levels before 2023 and potentially as late as 2025, Airbus now needs to take additional measures,” the company said in a statement.
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| Demand for household appliances chips increased |
7/1/2020 |
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The coronavirus pandemic has brought changes to people's daily life, spurring demand for notebook, 4K TVs and STBs creating stable flip-chip packaging business for backend firms.
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| Tesla warn of Q2 outlook |
7/1/2020 |
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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.
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| FED to buy corporate bonds as a stimulus |
6/30/2020 |
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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.
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| Amazon buys autonomous technology firm to project future package delivery |
6/30/2020 |
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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.
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| A Chinese national convicted for stealing technology |
6/30/2020 |
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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.
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| Tsinghua Unigroup to build another DRAM fab. |
6/29/2020 |
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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.
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| Bipartisan group in congress supports a $25 billion package for semi industry |
6/29/2020 |
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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.
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| Order for U.S. Durable Good surge 15.8% |
6/26/2020 |
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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.
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| U.S. GDP shranked 5% in the first quarter |
6/26/2020 |
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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.
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| Memory problem lead to touch screen failure in Tesla vehicles |
6/25/2020 |
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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.
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