|
 |
|
| Online food supply surged in China |
2/20/2020 |
|
Demand for online food vendors has surged since China’s government told the public to stay home as part of the most sweeping anti-disease controls ever imposed.
|
|
|
| U.S. producer price index up 0.5% in January |
2/20/2020 |
|
The Labor Department said Wednesday that its producer price index, which measures inflationary pressures before they reach the consumer, jumped 0.5% in January after rising 0.2% in December. The monthly increase was much bigger than economists expected.
|
|
|
| Government makes room to replace older planes |
2/20/2020 |
|
The Air Force has announced plans to retire more than 100 planes across its bomber, airlift, tanker and drone fleets in order to make room for additional aircraft tied to its $1 billion Next Generation Air Dominance program.
|
|
|
| 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.
|
|
|
| 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.
|
|
|
| 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.
|
|
|
| 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.
|
|
|
|
