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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.
USDA found a better way to inspect eggs 9/14/2020
“Requiring egg product plants to develop food safety systems and procedures similar to meat and poultry requirements is a significant milestone in modernizing our inspection system," FSIS Administrator Paul Kiecker said.
VW truck subsidiary to cut 9,500 jobs 9/14/2020
MAN said the planned package of measures is intended to improve the company's operating result by about $2 billion, and will involve a "fundamental restructuring" of all areas of its business.
New plant-based energy storage device can charge an EV battery in minutes 9/11/2020
While batteries can store large amounts of charge per unit volume, supercapacitors are much more efficient at generating a large quantity of electric current within a short duration. This burst of electricity helps supercapacitors to quickly charge up devices, unlike batteries that can take much longer.
Rising number of laid-off workers now say they regard their job loss as permanent 9/11/2020
Hiring has slowed since June, and a rising number of laid-off workers now say they regard their job loss as permanent. The number of people who are continuing to receive state unemployment benefits rose last week, after five weeks of declines, to 13.4 million, evidence that employers aren't hiring enough to offset layoffs.
Regulatory measures might have slow down teenage vaping 9/11/2020
Experts think last year's outbreak of vaping related illnesses and deaths may have scared off some kids, but they believe other factors contributed to the drop, including higher age limits and flavor bans.
U.S. ban on SMIC to create tight supply for foundry capacity 9/11/2020
TSMC, UMC and VIS have already seen their 8-inch fabrication lines run at full capacity utilization, and it remains to be seen whether these Taiwan-based foundries will be able to handle the additional orders transferred from China.
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