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| White House talks about $2 trillion manufacturing aid |
6/17/2020 |
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White House trade adviser, told CNN Saturday that the administration hopes a fourth phase of recovery legislation following the COVID-19 outbreak and subsequent recession would be “at least $2 trillion.” He added that directing the funding to manufacturing companies would help overcome “structural headwinds” in industries devastated by the pandemic, including the hospitality, entertainment and transportation sectors.
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| Proposed TSMC Arizona feb will bring Taiwan suppliers |
6/16/2020 |
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Though TSMC's investment in the project will average about US$1.33 billion per year from 2021 to 2029, only 8-9 percent of its typical annual capital expenditure, the project will likely attract some of its suppliers to set up shop in the United States.
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| Samsung is near an agreement to fabricate Huawei 5G chips |
6/16/2020 |
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Huawei and Samsung were considering a deal in which the latter would make advanced chips for Huawei's top 5G gear, while Huawei would cede a significant share of its smartphone market share to Samsung, the Asia Times reported.
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| European Union brings Amazon to court on anti-trust |
6/15/2020 |
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EU regulators have circulated a draft of formal allegations against the company for weeks, and that they could officially be filed sometime in the next two weeks, Reuters reports. The complaint would reportedly concern the company’s treatment of independent sellers on its third-party marketplace.
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| Key design features of DDR5 memory |
6/12/2020 |
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DDR5 will support a higher data rate (up to 6400 Mb/s) at a lower I/O Voltage (1.1V) and a higher density (based on 16Gb DRAM dies) than DDR4. DDR5 DRAMs and dual-inline memory modules (DIMMs) are expected to hit the market in 2020.
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| Bipartisan bill to earmark $22.8 billion in aid for semiconductor manufacturers |
6/12/2020 |
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The proposal would create a 40% refundable income tax credit for semiconductor equipment, $10 billion in federal funds to match state incentives to build factories, and $12 billion in research and development funding. It would authorize the Defense Department to use funding under the Defense Production Act to “establish and enhance a domestic semiconductor production capability.”
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| Beijing official call for better relationship with the U.S. |
6/12/2020 |
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Zhu Guangyao, a former finance minister and Cabinet advisor, said the two countries should “waste no time” in improving relations to help better coordinate a response to the coronavirus pandemic. He and other officials told reporters in Beijing that the two biggest economies are so closely entwined that they must find a way to work together because a lack of cooperation has come at a “high price.”
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| China's automobile sales up 14.5% in May |
6/12/2020 |
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sales of passenger cars jumped 7% from a year earlier to 1.67 million, an improvement over April’s 2.6% contraction. Growth in passenger vehicles was primarily driven by sales of SUVs and minivans, which jumped nearly 20% and 47% respectively from the same period the year before.
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| When dust finally settles, business operations won't be the same anymore |
6/11/2020 |
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I’ve found it fascinating to observe the behavioral changes that the pandemic has created in our society. Take restaurants for example. As self-quarantine and social distancing requirements forced them to either temporarily close or dramatically alter their service offerings, we witnessed traditional Carry Out’evolve into Curb-Side Pick Up. Soon, businesses began offering ‘touchless purchasing’ and ‘contactless free delivery’ as customer-preferred options.
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| U.S. consumer price index fell |
6/11/2020 |
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The Labor Department said Wednesday that its consumer price index fell 0.1% last month after tumbling 0.8% in April and 0.4% in March. Excluding food and energy prices, which bounce around from month to month.
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| Cyberattack disrupted Honda's business worldwide |
6/11/2020 |
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The company said in a statement that "a cyberattack has taken place on the Honda network.'' It said there was no breach of data, but that it is working to “minimize the impact and to restore full functionality of production, sales and development activities.''
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| Sibarian oil leak enters into Arctic lake |
6/11/2020 |
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Emergency workers have laid booms to block the fuel from getting into the lake from its tributary, the Ambarnaya River, but they have failed to stop the spill from spreading downstream.
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| Wuhan Xinxin Semiconductor (XMC) to make 50nm serial NOR chips |
6/10/2020 |
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XMC introduced its new SPI NOR flash series built using its own 50nm floating-gate technology in December 2019. The series' transfer rates can outperform standard 8- and 16-bit parallel flash memories, with continuous read mode allowing for efficient memory access with as few as 8-clocks of instruction-overhead to read a 24-bit address, enabling XIP (execute in place) operation.
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| IBM leaves facial recognition technology on issue of racial profiling |
6/10/2020 |
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Police use of facial recognition has come under heightened scrutiny after researchers found racial and gender disparities in systems built by companies including IBM, Microsoft and Amazon. That led IBM and Microsoft to improve their accuracy but Krishna said now is the time to debate whether facial recognition technology should be used at all by domestic law enforcement agencies.
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| U.S. manufacturing technology orders retreated |
6/9/2020 |
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Technology orders decreased 26 percent in April from the previous month to $225.8 million, the lowest monthly total since May 2010, according to the latest U.S. Manufacturing Technology Orders report.
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| A fire destroyed Amazon warehouse in California |
6/9/2020 |
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A half-dozen fire departments were unable to stop flames from destroying the sprawling structure in Redlands, about 60 miles (96 kilometers) east of Los Angeles. The nearby Interstate 10 freeway was shut down temporarily as flames shot high into the air.
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| BP to part 10,000 and cut Capex by 25% |
6/9/2020 |
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The cuts will affect office-based roles in BP's global workforce of 70,000 people and come mostly this year. The changes are expected to significantly affect senior levels, cutting the number of group leaders by a third.
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