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German court ruling sets way for Volkswagen settlement 5/28/2020
Volkswagen said the decision announced Monday would clear the way for settlement of remaining consumer claims in Germany. The decision affects some 60,000 individual claims brought by car owners there; around 262,000 others have already been covered by an 830 million-euro ($904 million) class-action settlement.
France’s government commit $8.8 billion to bail out its auto industry 5/28/2020
Starting next week, consumers can get up to 12,000 euros from the government for buying an electric car under the “historic” plan unveiled Tuesday by President Emmanuel Macron.
GE to sell 130 years old Lighting Division 5/28/2020
General Electric Co. was formed by merging the Edison Electric Co. and the Thomson Houston Co. on April 15, 1892, according to GE's website
Malicious emails up 600% during pandemic 5/27/2020
“There have also been worrying reports of attacks against health care organizations and medical research facilities worldwide.” Growing digital dependency has increased the vulnerability to cyberattacks, and “it is estimated that one such attack takes place every 39 seconds.”
SpaceX to send astronauts to Space Station from U.S. soil 5/27/2020
It will also mark the first attempt by a private company to send astronauts into orbit. Only governments — Russia, the U.S., and China — have done that.
Lockheed cuts back F-35 operations on supply chain issues 5/27/2020
As of May 23, each shift will be divided into three groups on a rotation. Each group will work for two weeks and then have a week off.
Mitsubishi Aircraft to close U.S. locations 5/27/2020
“Due to the budget directives, Mitsubishi Aircraft will close its overseas locations and consolidate activities at its headquarters in Nagoya, Japan,” company spokesman Jeff Dronen told The Seattle Times via email. “This will impact the majority of our employees in the United States.”
Verizon has announced its partners for 5G 5/26/2020
On the consumer front, Verizon said it will be launching 5G service in parts of San Diego on 28 May; the company said 5G consumers will get upload speeds 30% faster than 4G. On the development side, it said it has adapted its seven 5G labs in the US and UK.
App uses AI analyses to confirm Covid-19 cases 5/26/2020
More than 3.3 million people have downloaded the app to report daily on their health status, and track any symptoms that may appear.
Researchers in India found ways to reduce Alzheimer memory lost 5/26/2020
The IIT Guwahati team reports interesting methods such as application of low-voltage electric field, and the use of ‘trojan peptides’ to arrest aggregation of neurotoxic molecules in the brain.
Democratic Party senators want to know what Trump has promised TSMC 5/26/2020
Senators requested the two Trump administration cabinet members to “cease any such negotiations or discussions” until the relevant authorization and appropriations committees have been briefed on plans, including any commitments the two departments have made to funding, tax breaks, licenses, or other incentives.
China to fall short of the semiconductor self-sufficiency goal by 2025 5/25/2020
While Beijing’s goal is to reach 70 per cent self-sufficiency by 2025, China is only likely to reach one-third of that target.
Tech companies are comfortable with "work-at-home" 5/25/2020
Tech companies are studying what their highly-paid, highly-valued employees want, using their own technology to make remote work easier and looking to hire new workers outside of big city hubs. It's a potentially huge turnaround after years in which companies like Amazon and Google chased scarce tech talent by opening or expanding offices in hip urban locations such as San Francisco and New York.
Panasonic in talk with Tesla to expand battery factory 5/25/2020
Panasonic CFO Hirokazu told reporters that the company is “seeing strong demand from Tesla” and that the factory’s current capacity of 35 gigawatt-hours per year was insufficient to meet it.
Unemployment claim hit 39 million since pandemic 5/22/2020
Federal Reserve Chairman Jerome Powell said the unemployment rate could peak in May or June at 20% to 25% — a level unseen since the depths of the Great Depression in the 1930s.
42-mile section of wall awarded to North Dakota construction company 5/22/2020
The Trump administration says it has already built 187 miles of wall. Some of it is new, but most is replacing old, much shorter barriers that officials say were not sufficient.
Virgin Orbit to launch payload into space from a Boeing 747 5/22/2020
Release of the LauncherOne rocket would occur near San Nicolas Island, part of the Channel Islands off the California coast.
GM's EV battery to last a million miles 5/22/2020
Current EV batteries last, at most, 200,000 miles. Some lifespans are more like half of that. GM has announced that it is making major strides and is “almost there” in developing a battery that will last a million miles.
Latest release of GPU and game consoles to drive up DRAM demand 5/21/2020
New releases are expected to create a wave of demand for Graphics DRAM, in turn propping up its prices relative to other DRAM applications.
Microsoft brags about contribution to the Digital Devine during pandemic 5/21/2020
"I'm proud of how all of you have raised the game and been there when the world needed you the most," Nadella said. "Already, we've seen something like two years' worth of digital transformation in just two months."
Samsung must keep up with TSMC to consider production expandsions in the U.S. 5/21/2020
NH Investment & Securities in a report projected the world’s largest memory chip maker would have to boost investment in the U.S. to achieve its goal to become the biggest producer of system chips by 2030.
Rolls-Royce cut jet engine related jobs 5/21/2020
Most of the cuts will take place in the civil aerospace business, where two-thirds of U.K. employees work. Negotiations are set to begin with unions.
China's Big Fund puts bet on its home grown SMIC 5/20/2020
has secured an investment worth $2.2 billion dollars from Chinese state investors, the company announced on Friday. The funding was revealed on the same day that the United States announced new restrictions on Chinese tech company Huawei Technologies that would further impact its ability to source chips made with American technology.
TSMC's plan to build Arizona fab can change the landscape of semiconductor industry 5/20/2020
The announcement by the world's top foundry chipmaker could suggest a potential change to the global chipmaking supply chain now located mainly in Asia.
Walmart online sales ups 74% thanks to pandamic 5/20/2020
Online sales in the U.S. jumped 74%, fueled by a rush on canned foods, paper towels and other crucial supplies needed as people sheltered in place. Same-store sales rose 10% at U.S. Walmart stores on strong sales of food, health and wellness goods.
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