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| California Bill to make utility companies pay for some Blackouts |
2/4/2020 |
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PG&E shut off power for more than 2 million customers in October. The blackouts caused major disruptions throughout the region, closing schools and businesses and making it more difficult for people who rely on medical devices powered by electricity.
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| PG & E to re-organize its board |
2/4/2020 |
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Pacific Gas and Electric is pledging to overhaul its board of directors in an attempt to avoid a potential takeover by the state of California and prove the nation's largest utility is turning over a new leaf as it works through its second bankruptcy in less than 20 years.
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| Taiwan-based backend firms bracing for the virus |
2/3/2020 |
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operations in China remain unaffected by the outbreak in the short term, as foundry fabs operated by TSMC and UMC to serve Chinese vendors of logic ICs are not located in Wuhan. But they are actively enforcing diverse precautionary measures against the outbreak. ASE has set up an emergency handling center to monitor resources allocations for its plants in China.
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| First female CEO in IBM stepping down |
2/3/2020 |
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IBM said in a statement that Rometty "reinvented more than 50% of IBM's portfolio" during her tenure, building a $21 billion cloud business while also advancing the company's initiatives in artificial intelligence, quantum computing and blockchain technology.
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| Poland to buy $4.6 billion worth of F-35 |
2/3/2020 |
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Poland expects to take delivery of the Lockheed Martin F-35 combat aircraft between 2024 and 2030. It will be the 10th NATO member nation to have F-35 fighters. The contract includes training, logistics and simulators.
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| Artificial Intelligence (AI) applications chip sales to soar to US$128.9 billion in 2025 |
1/31/2020 |
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AI chips are used widely in various markets, including automotive, communication, computers, consumer electronics, industrial and healthcare. The largest single market for memory devices in AI applications is the computer segment, with sales rising to US$65.9 billion in 2025, increasing at a 15.7% compound growth rate (CAGR) from US$27.5 billion in 2019.
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| Fed left key interest rate unchanged but warned about coronavirus outbreak |
1/31/2020 |
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Powell called the coronavirus a "very serious issue,” though he noted that it’s too early to tell how damaging it will be. "It's very uncertain about how far it will spread and what the (economic) effects will be in China, for its trading partners, and around the world,” the chairman said.
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| Trump released a plan aimed at cracking down on counterfeit goods |
1/30/2020 |
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An “action plan” released by the Department of Homeland Security says the government will apply increased scrutiny of e-commerce, including the third-party sellers who sell goods on the major online sites as well as shippers and operators of warehouses where merchandised is stored.
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| Nissan offers employee buyout package |
1/30/2020 |
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Nissan's U.S. sales were down almost 10% last year, with the Nissan brand down 8.7% and its Infiniti luxury brand off 21.1%. Many analysts expect total U.S. auto sales to drop this year.
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| December order for U.S. durable goods up 2.4% |
1/29/2020 |
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The Commerce Department said Tuesday orders for durable goods rose 2.4% in December, the strongest showing since August. However, excluding defense, new orders would have fallen 2.5%.
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| Britain to allow Huawei into its 5G network |
1/29/2020 |
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It sets up a diplomatic clash with the Americans, who claim that British sovereignty is at risk because the company could give the Chinese government access to data, an allegation Huawei denies.
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| U.S. business economists remains optimistic |
1/28/2020 |
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National Association for Business Economics being released Monday found that 67% of the business economists who responded to the survey are expecting moderate economic growth of 1.1% to 2% over the coming year.
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