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Tech companies in China enter into their own face mask manufacturing 2/19/2020
Close to 700 tech firms — changed their industrial and commercial registrations to producing masks? Among tech industry players crossing the line to start making masks are Foxconn and BYD.
Jeff Bezos committed to spend $10 billion to fight climate change 2/19/2020
Bezos, the world’s richest person, said in an Instagram post that he'll start giving grants this summer to scientists, activists and nonprofits working to protect Earth.
Apple watches found outsold all Swoss watch together in 2019 2/19/2020
The Apple Watch sold 31 million units last year, compared to 21 million units sold by the entire Swiss watch industry – combined.
Coronavirus to affect Apple iPhone production 2/19/2020
The Cupertino, California-based company said Monday that all of its iPhone manufacturing facilities are outside Hubei province, the epicenter of the outbreak, and all have been reopened. But the company said production is ramping up slowly.
DOJ slabs Huawei with racketeering Charges 2/18/2020
The DoJ said its “superseding indictment” levels new charges against Huawei including a legal charge of conspiracy to steal trade secrets. That the DoJ is invoking RICO, however, is what should worry Huawei.
Hyundai Motor plans to adopt ADI’s audio bus for its road noise control systems 2/18/2020
Hyundai late in 2019 unveiled its RANC system to dramatically reduce noise within the car cabin. Using an acceleration sensor, RANC calculates the vibration from the road to the car, and the control computer analyzes road noise. Computation and signal transfer speeds are optimized, making it possible to analyze in 0.002 second the noise and produce an inverted soundwave, generated by the DSP. Based on tests evaluating road surface, vehicle speed, and different seating positions, Hyundai claimed its RANC system could reduce in-cabin noise by 3dB.
Automakers in China reopen factories 2/18/2020
Local officials have orders from the ruling Communist Party to get businesses functioning again while still enforcing anti-disease curbs that shut down much of the world’s second-largest economy. “Local governments are putting their full weight behind helping businesses open,”
Michigan auto parts supplier plant to close down 2/18/2020
Keihin North America announced the decision in a news release. The company said it has not been able to expand new business as quickly as hoped, giving no other recourse but to proceed shutter Keihin Michigan Manufacturing.
Samsung Electronics’ board Chairman resigned 2/17/2020
“Samsung suffered a major setback to its bid to strengthen its board ... and it would need a fresh face to turn around,” said Park Ju-gun, head of research firm CEO Score, adding that the move was widely expected given that Lee Sang-hoon is in prison.
Tesla rides on trend to issue $2 billion more stocks 2/17/2020
The surprise sale taps into Tesla's rocketing stock price over the past eight months, but comes just two weeks after CEO Elon Musk said the company had enough cash to fund its capital programs and it didn't need to raise any more money.
U.S. manufacturing output dipped due to Boeing Manufacturing halt 2/17/2020
U.S. manufacturing has shown signs of recovering from a year-long downturn but is facing a fresh challenge from Boeing's troubles, which also affect hundreds of suppliers. Manufacturing output is down 0.8% in the past year, hurt by the U.S.-China trade war and slower global growth.
Bombardier quit commercial airplane after 30 years 2/17/2020
Snowmobile pioneer Bombardier is reportedly set to depart the commercial aircraft industry entirely amid a broad restructuring effort.
Top-five wafer leaders control 53% of the global capacity 2/14/2020
As of December 2019, Samsung had the most installed wafer capacity with 2.9 million 200mm-equivalent wafers per month, IC Insights indicated. That represented 15.0% of the world's total capacity and about two-thirds of it was used for the fabrication of DRAM and NAND flash memory devices.
Auto sales plunged in China 2/14/2020
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.
Airbus wants to redesign its plans away from the tube shape fuselage 2/14/2020
It features a “blended-wing” design that mostly merges the fuselage and the wing to give the appearance of one giant wing.
Startup EV company announce electrical truck promised to break class performance 2/14/2020
Nikola Corporation pledged late last year to debut “game-changing” battery technology in 2020. This week, the company added another noteworthy item to the agenda for its Nikola World event this fall: its first-ever passenger vehicle.
Business struggle to fix disrupted supply chain issues 2/13/2020
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.
Lyft recorded $2.6 billion annual loss 2/13/2020
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.
Foxconn hopes to resume half of its production in China 2/13/2020
Foxconn hopes to resume half of its production in China by month-end. The world’s largest contract electronics maker also aims to resume 80% of production in China in March.
Mobile World Congress in Barcelona canceled due to virus 2/13/2020
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.
Winbond predicts a tightened memory supply 2/12/2020
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.
Infineon gains in silicon microphone sector 2/12/2020
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.
China remains in a "shut-down" mode 2/12/2020
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.
Powell think that U.S. Economy is resilient regardless of Coronavirus 2/12/2020
Giving the Fed’s semiannual monetary report to Congress, Powell said that the Fed is content with where interest rates are, suggesting that no further rate cuts are being contemplated unless economic conditions were to change significantly.
Server segment to drive adoption to DDR5 2/11/2020
DDR5 doubles memory density, it will feed the need in data centers for growing processor core counts with increased memory bandwidth and capacity.
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