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Thursday, April 15, 2021

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EV company to retrofit former Hummer plant for production 4/6/2021
The company said it has more than 45,000 orders for the Class 1 vehicle, which means trucks or vans weighing less than 6,000 pounds. The van can go about 150 miles on a charge. Employment could reach 100 people by the end of the year.
LG gets out of cellphone business 4/6/2021
It was still No. 3 in North America, with a 13 percent market share behind Apple's 39 percent and Samsung's 30 percent as of the third-quarter of 2020, according to Counterpoint Technology Market Research.
Record shows more than 50% corporations pay zero tax 4/6/2021
More than 50 of the largest U.S. companies paid nothing in federal income taxes last year, with many getting rebates, even though they reported almost $40.5 billion in pretax profits as a group, according to the Institute on Taxation and Economic Policy. The group believes the tax system needs to raise more tax revenue.
U.S. new hiring doubles 4/5/2021
The March increase — the most since August — was nearly double February’s gain of 468,000, the Labor Department said Friday. The unemployment rate declined from 6.2% to 6%.
U.S. auto sales rose to the highest since pandemic 4/5/2021
Automakers sold more than 3.9 million vehicles during the first three months of the year, with several major companies reporting March sales that nearly doubled from the same month a year earlier, according to figures compiled by Edmunds.com.
Egypt say it would not let the Ever Given leave until compensation is settled 4/5/2021
Egypt is expecting more than $1 billion in compensation after a cargo ship blocked the Suez Canal for nearly a week, according to the top canal official.
Tesla double its sales in a year 4/5/2021
The number was more than double the deliveries for the same period last year. And it beat Wall Street estimates of 168,000 for January through March.
Amazon plans to have its employees return to the office by fall 4/2/2021
Seattle Times reports the company told employees Tuesday it is planning a “return to an office-centric culture as our baseline.” Amazon and Microsoft were among the first large companies to mostly shutter their main offices in the Seattle area during the first COVID-19 outbreak in March 2020.
TSMC to invest $100 billion in expanding its manufacturing capacity 4/2/2021
TSMC said it anticipates faster growth thanks to long-term trends like the introduction of next-generation telecommunications and high-performance computing. The coronavirus pandemic, meanwhile is revving up demand for electronic devices as the world relies increasingly on digitalization.
Fire damage at Renesas worse than originally thought 4/2/2021
Nikkei Asia is reporting that the company has said 17 machines were impacted, rather than the 11 they’d originally counted. The company reportedly said the effect of soot on the production equipment was more extreme than originally anticipated.
March manufacturing index jumped at fastest pace in 37 years 4/2/2021
The Institute for Supply Management, a trade group of purchasing managers, said that its measure of factory activity jumped to 64.7 last month, from 60.8 the previous month. That's the highest since December 1983.
Automakers support a moratorium on deep seabed mining for minerals used in EV batteries 4/1/2021
Several prospecting firms are seeking rights to extract potentially lucrative deposits from the depths of the ocean, particularly the metallic nodules that build up around hydrothermal vents.
Researchers to develop 5G-enabled "smart warehouse" 4/1/2021
Fast 5G wireless connectivity combined with internet of things sensor networks promises to change how warehouses move and track items to ensure they arrive at their intended destination in a timely manner.
Lockheed Martin received contract to build 11,000 rockets 4/1/2021
The contract calls for the production of more than 9,000 GMLRS Unitary and Alternative-Warhead (AW) rockets, more than 2,000 Low-Cost Reduced-Range Practice Rockets (RRPRs) and integrated logistics support for the U.S. Army, U.S. Marine Corps and international customers.
Pfizer declares vaccine good for 12 years old 4/1/2021
In a study of 2,260 U.S. volunteers ages 12 to 15, preliminary data showed there were no cases of COVID-19 among fully vaccinated adolescents compared to 18 among those given dummy shots, Pfizer reported.
Rumor of Volkswagen name change is a hoax 3/31/2021
Volkswagen plans to change its brand name in the United States to “Voltswagen”... The company had briefly posted a press release on its website early Monday announcing the brand name change. The press release was noticed by a reporter from USA Today before it was removed. The release was dated April 29.
Taiwan becomes a growth market for Semiconductor eqipments 3/31/2021
ASML and KLA are looking to beef up their local operations in Taiwan, according to industry sources. Silicon wafers and other chipmaking materials providers, such as Shin-Etsu Chemical and Entegris, are also poised to scale up their local units in Taiwan.
Samsung Austin Fab. recovers from Winter storm 3/31/2021
Samsung Electronics production at its U.S. chip plant at Austin, Texas had returned to near-normal levels as of last week after more than a month of disruption that exacerbated a global chip capacity crunch.
Prices continue to rise on server DRAM 3/31/2021
End-market demand for PC DRAM chips remains strong, while demand for datacenter applications has started picking up, said TrendForce.
New Yorker State launched digital vaccination passport 3/30/2021
The Excelsior Pass will be accepted at major entertainment venues like Madison Square Garden and Albany's Times Union Center. The app is similar to a mobile airline boarding pass and uses a secure QR code that can be stored in a smartphone or printed out.
Southwest Airlines ordered 100 737 MAX airplanes 3/30/2021
Dallas-based Southwest expects aircraft capital spending of about $5.1 billion through 2026. Under the deal, Boeing could build more than 600 new 737 MAX jets for the airline through 2031.
China cut tax to encourage its semiconductor industry 3/30/2021
Chipmakers can import machinery and raw materials tax-free through 2030, the Finance Ministry and other agencies announced. They did not say how large a subsidy to manufacturers that might represent.
Cargo ship stuck at Suez Canal is free at last 3/30/2021
The crisis cast a spotlight on the vital trade route that carries over 10% of global trade, including 7% of the world’s oil. Over 19,000 ships ferrying Chinese-made consumer goods and millions of barrels of oil and liquified natural gas flow through the artery from the Middle East and Asia to Europe and North America.
Major appeal brands are putting pressure on China over alleged human rights abuses 3/29/2021
The companies, under pressure from activists, have tried to distance themselves from reports of forced labor in China's Xinjiang region. Such statements have drawn attacks from state media and others.
New York's North River rail under river tunnel has a leak 3/29/2021
The North River rail tunnel, a 110-year-old tube that carries multitudes of commuters to and from Manhattan, including Amtrak trains on the busy corridor between Boston and Washington.
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