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| U.S. industrial production shrinked by 11.2% |
5/18/2020 |
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Industry was running at 64.9% of capacity last month, shattering the previous record low set in the Great Recession year 2009. Factory capacity utilization also hit a record low 61.1%.
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| India PC shipment declined by 17% |
5/15/2020 |
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This decline was registered across all product categories and can be attributed largely to the supply issues faced by the vendors due to COVID-19, which impacted the manufacturing and logistics arms of vendors in China.
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| Huawei/ZTE ban extended for a year |
5/15/2020 |
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The order invoked the International Emergency Economic Powers Act, which gives the president the authority to regulate commerce in response to a national emergency that threatens the United States. U.S. lawmakers said Trump’s 2019 order was aimed squarely at Chinese companies like Huawei Technologies Co and ZTE Corp.
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| Mexico to reopen essential industries |
5/14/2020 |
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Mexico’s top advisory body on the coronavirus pandemic said Tuesday it has issued guidelines that would allow for the re-opening of construction, mining, and car and truck manufacturing.
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| Month-to-month consumer price index fell |
5/13/2020 |
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The widespread business shutdowns, reduced travel and shrunken consumer spending that the virus has caused have likely sent the U.S. economy into a severe recession. The resulting drop in economic activity is exerting a powerful downward force on prices throughout the economy.
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| Qualcomm has introduced Snapdragon 768G 5G chip |
5/12/2020 |
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It has improved GPU performance and 20% higher CPU power than the previous model. There are also rumors that the upcoming Google Pixel 5 may be the first one to get this highly-powered processor.
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| China’s direct investment in the United States dropped to the lowest |
5/12/2020 |
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A report out Monday from the National Committee on U.S.-China Relations and the Rhodium Group consultancy found that China’s direct investment in the U.S. dropped from $5.4 billion in 2018 to $5 billion last year, the lowest level since the recession year of 2009.
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| Intel is talking to Trump about building a new semiconductor plant on shore |
5/12/2020 |
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A spokesman for Intel, the biggest American chip maker, said Sunday that the company is in discussions with the Defense Department about improving domestic technology sources. Spokesman William Moss said Santa Clara, California-based Intel is well-positioned to work with the government “to operate a U.S.-owned commercial foundry.”
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| Macronix to ship 3D NAND this year |
5/11/2020 |
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Macronix' 3D NAND flash memory will be targeted at niche-market applications in the short term to avoid direct competition with international memory vendors.
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| 3M to produce 95 million N95 mask per month |
5/11/2020 |
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3M has invested over $80 million in ramping up N95 respirator production since the outbreak began in January. Those investments and actions, along with these contracts, will enable the company to nearly double its current capacity again to 2 billion respirators globally by the end of the year.
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| 33 million in the U.S. has sought unemployment help |
5/8/2020 |
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Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close their doors and slash their workforces. That is the equivalent of one in five Americans who had been employed back in February, when the unemployment rate had reached a 50-year low of just 3.5%.
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| LG chemical leak at India plant killed 11 |
5/8/2020 |
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The synthetic chemical styrene leaked from the LG Polymers plant in a city on India's eastern coast while workers were preparing to restart the facility after a coronavirus lockdown was eased, state official Vinay Chand said. A fire that broke out before the gas leak was extinguished, and police said the gas leak was later halted and the air had cleared.
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