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Spirits maker Pernod Ricard USA to manufacture sanitizer 3/23/2020
"Our company is proud to support the efforts of the Administration and communities across the country in fighting the COVID-19 pandemic," said Ann Mukherjee, Chairman and CEO, Pernod Ricard North America.
Ford suspending dividend and secured addition line of credit 3/23/2020
Ford Motor Co. withdrew its financial guidance for the year Thursday. The cash Ford saves will be used to offset the impact on working capital due to factory shutdowns. On Wednesday Ford and other automakers announced that they will close all of their North American factories in the coming days.
Apple is moving its tablet towards a latop computer 3/20/2020
Apple’s new iPad brings PC-like trackpad capabilities for the first time, as the company seeks to make its tablet even more like a laptop computer. Apple says the trackpad will offer more precision than fingers in selecting text and switching between apps.
Chinese factories to run short of advanced semiconductor parts 3/20/2020
Chinese manufacturers assemble more than 80% of smartphones for Apple, Samsung and other brands, half of the world’s personal computers and a big share of home appliances and other goods. But they need U.S. processor chips and other high-value components.
Auto manufacturers to close plants and idle 150,000 3/20/2020
Detroit's three automakers said their closures would begin this week, while Honda and Toyota will start next week. Nissan will close U.S. plants starting Friday. Closings will run from a few days to over two weeks,
3D printing comes into use for generating much needed medical equipment parts 3/20/2020
Isinnova Founder and CEO Cristian Fracassi brought a 3D printer to the hospital and within a few hours he reengineered the missing piece and started printing.The valve was tested and it worked. As of Friday, March 14, 10 patients had CPR machines with 3D printed valves.
Samsung see memory prices recovering while smartphone slumps 3/19/2020
“The global smartphone market was expected to turn to growth this year, but with virus showing signs of being prolonged, the smartphone market is contracting. But 5G smartphone demand is expected to rise,” Koh Dong-jin, president of Samsung’s mobile and network business, told the annual general meeting in Seoul.
Memory prices jumped last week 3/19/2020
Q2 server DRAM ASPs will rise 20% q-o-q and Q2 SSD prices will rise 10-15% q-o-q, says DRAMeXchange as a result of increased demand for cloud services used for teleworking caused by coronavirus-driven home-working.
Retail sales fell 0.5% in February, the largest drop in more than a year 3/19/2020
The February decline came from weakness in a number of areas including a 0.9% fall in auto sales and a 2.8% drop at gasoline stations, a decline that reflected falling gas prices.
People start losing jobs to the virus 3/19/2020
Furloughs and job cuts, from dog walkers, to oilfield workers, have begun. Governments around the world are pushing drastic countermeasures to help workers, particularly those who live paycheck to paycheck.
Amazon to hire 100,000 to keep up with more people shopping online. 3/18/2020
Amazon said this weekend that a surge of orders is putting its operations under pressure. It warned shoppers that it could take longer than the usual two days to get packages. It also said it was sold out of many household cleaning supplies and is working to get more in stock.
Powerchip foundry posted net loss for the quarter 3/18/2020
PSMC reported revenues fell 28% to about NT$35.9 billion in 2019, while gross margin slid 22.25pp on year to 8.36%. Operating margin slipped into the red at negative 5.85%.
SMIC is on new 14nm moving towards 7nm 3/18/2020
During SMIC’s recent fiscal year report conference, the company’s co-CEO Liang Mong Song revealed a new version of the 14nm process the company calls N+1. A SMIC spokesman told EE Times China that N+1 was expected to go into limited production in the fourth quarter.
Samsung to mass produce 5th Generation NAND 3/18/2020
The fifth-generation V-NAND stacks more than 90 layers of 3-dimensional charge trap flash (CTF) cells in a pyramid structure, with microscopic channel holes drilled vertically throughout. It reduces the height of each cell layer, minimizes crosstalk between cells and improves data storage capacity,
Gasoline prices continue to dip 3/17/2020
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that gas prices could continue to fall as demand shrinks amid the coronavirus pandemic.
U.S. internet infustructure sufficient for work at home 3/17/2020
Sen. Mark Warner of Virginia on Saturday applauded announcements by several major U.S. internet providers for taking measures — including the temporary suspension of data caps and free broadband for 60 days for households with children who lack it.
China reports 20.5% reduction on retail activities 3/17/2020
Retail sales fell 20.5% from a year ago after shopping malls and other businesses were closed in late January, government data showed Monday. Factory output declined by a record 13.5% after the Lunar New Year holiday was extended to keep manufacturing employees at home.
Apple to close its stores outside of China for two weeks 3/17/2020
Cook said that Apple’s stores in China have all now reopened and what the company has learned there has helped it develop “best practices that are assisting enormously in our global response.”
Trump signs law to help telecom carriers replace network equipments from Huawei Technologies and ZTE Corp 3/16/2020
The law also requires the Federal Communications Commission (FCC) to establish a program to assist small providers with the costs of removing prohibited equipment or services from their networks and replacing it.
Broadcom to retain its radio-frequency wireless chip business 3/16/2020
“After careful consideration, we have come to the conclusion that continuing to invest in and operate our wireless asset will create the most value for our business and for our shareholders,” Broadcom CEO Hock Tan told investors Thursday during the company’s earnings call.
EU funds project to develop mobile diagnostic device to identify cardiovascular diseases 3/16/2020
Led by research institute imec and Ghent University, together with Medtronic and other project partners, the H2020 project, InSiDe, will look at a path to commercializing and manufacturing the prototype device built as part of the previous CARDIS (CARdiovascular disease Detection with Integrated Silicon Photonics) project. The CARDIS project, which received around €3.6 million funding under H2020, resulted in lab validation in 2017 of a first demonstrator mobile, low-cost silicon photonics integrated laser vibrometer.
Silicon Labs to acquire Indian chip company, Redpine Signals 3/16/2020
The company expects $20 million in incremental revenue on an annualized basis for FY2020, and targeting $100 million revenue by 2023 for all its wireless products for the IoT. The other is to rely on the India-based team to accelerate its product development for Wi-Fi 6.
U.S. congress sets another step to keep UK from adopting Huawei 5G 3/6/2020
Republican senators Tom Cotton, Ted Cruz, Josh Hawley and Marco Rubio proposed legislation requiring the Committee on Foreign Investment in the United States to review Britain’s place on the foreign investment “whitelist,” which exempts some Australian, Canadian and UK companies from increased U.S. scrutiny of their foreign investments.
India to backstop its electronics sector by airlifting components from China 3/6/2020
India’s federal technology ministry has asked electronics and smartphone industry lobby groups to draw up a list of components made in China which then can be airlifted, two of the officials said. China is slowly getting back to work after an extended shutdown, but it is still grappling with a range of production and logistics delays.
OPEC calls for production cut to boost oil prices 3/6/2020
OPEC cartel are calling for a deep production cut of 1.5 million barrels per day to support prices that are sagging due to the spread of the coronavirus.The proposal, however, assumes that non-member allies like major producer Russia, who will take up the proposal Friday, will agree to the cuts.
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