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| Auto sales plunged in China |
2/14/2020 |
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Sales of SUVs, sedans and minivans fell 20.2% from a year earlier to 1.6 million, an industry group, the China Association of Automobile Manufacturers, reported Thursday.
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| Business struggle to fix disrupted supply chain issues |
2/13/2020 |
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Shuttered factories and travel restrictions in China have contributed to a 20% drop in oil prices since Jan. 7. Prices for copper, soybeans and even lean hogs have all fallen more than 6% over the same time. Much of China remains on lockdown. Even factories that are open must contend with logistical bottlenecks and labor shortages as travel restrictions prevent employees from returning to work.
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| Lyft recorded $2.6 billion annual loss |
2/13/2020 |
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Ride-hailing service Lyft is sticking with its prediction that it will be profitable by the end of next year. This while its annual loss more than doubled in 2019 to over $2.6 billion.
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| Mobile World Congress in Barcelona canceled due to virus |
2/13/2020 |
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The government of China is widely reported to be struggling to contain the virus. It is trying to impose quarantines in the midst of a holiday during which millions of Chinese citizens travel. The government is reported to be scrambling maintain quarantines, to provide medical attention, and to assure food supplies, all while declining help offered by other nations.
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| Winbond predicts a tightened memory supply |
2/12/2020 |
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DRAM market demand still looks promising, thanks to 5G, Chan noted. Demand will be on par with or exceed supply in the second half of 2020, Chan said. As for flash memory, a healthy supply-demand balance is set to take place in the NOR flash and SLC NAND segments during the first half of 2020 driven by robust demand for TWS earbuds, Wi-Fi 6, IoT and 5G related devices.
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| Infineon gains in silicon microphone sector |
2/12/2020 |
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Reinhard Ploss, CEO of Infineon, said, “Demand for the latest generation of our silicon microphones is growing dynamically. We are also seeing signs of improvement in individual areas such as the server business.
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| China remains in a "shut-down" mode |
2/12/2020 |
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Despite the official end of the extended Lunar New Year holiday, many remained at home on Tuesday with around 60 million people under virtual quarantine.
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| Uber post billion dollar lose |
2/10/2020 |
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The San Francisco-based ride-hailing giant lost $1.1 billion in the fourth quarter of 2019, about 24% more than the same time last year. The loss amounted to 64 cents per share, which was slightly better than what analysts were expecting.
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| Contract manufacturer end BlackBerry phone production |
2/10/2020 |
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TCL announced Monday that its contract with BlackBerry has come to an end and that it is no longer licensed to produce or sell BlackBerry devices. TCL says it will still support existing devices until 2022, but that’s about it.
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| U.S. Q4 productivity up 1.7% |
2/7/2020 |
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For the year, productivity increased 1.7%, up from 1.3% advances in both 2017 and 2018. While a 1.7% rise in productivity is considered modest, it was the best annual showing since a 3.4% advance in 2010.
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| FBI turns its attention to Chinese espionage |
2/7/2020 |
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The Justice Department in 2018 created what it calls the China Initiative to focus attention on the espionage threat, though officials stressed Thursday that the scrutiny was aimed not at individual Chinese citizens but rather at those suspected of stealing from America on Beijing's behalf.
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