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China’s export growth accelerated 9/9/2020
Exports rose 9.5% over a year earlier to $235.2 billion, up from July’s 7.2% growth, customs data showed Monday. Imports declined 2.1% to $176.3 billion, compared with the previous month’s 1.4% contraction.
China’s SMIC denies military tide 9/9/2020
“We have no relationship with the Chinese military,” the company said in a statement. It said SMIC products are “solely for civilian and commercial end-users and end-uses.”
Broadcom announced late ramp-up of chips for next generation iPhone 9/8/2020
Broadcom, which earned about a fifth of its revenue from Apple in 2019, said a ramp-up of chip shipments for what analysts believe is the next iPhone will run into the final quarter of the calendar year, a quarter later than most years.
Britain breaks ground on $140 billion high-speed railway project 9/8/2020
Transport Secretary Grant Shapps defended the HS2 project, which has its “shovels in the ground" moment just as the country is wondering whether the over-budget and often-delayed project offers good value at a time when the the COVID-19 pandemic has enshrined the idea of working from home.
U.S. unemployment drops back to 8.4% 9/8/2020
about half the 22 million jobs lost to the coronavirus outbreak recovered so far.
$5.7 million NASA grant to improve urban air mobility 9/8/2020
Ranging from drone delivery services to air metro services to air taxis, urban air mobility refers to in-air transportation within urban areas. It is expected to be a commercially viable market by 2030. However, this will require aircraft to be built in much higher quantities and frequencies than currently being produced.
Nvidia's GeForce chip to use Samsung process and Micron memory technology 9/4/2020
The Santa Clara, California-based company said its GeForce RTX 3090, 3080 and 3070 chips will improve video game graphics with twice the performance and nearly twice the power efficiency of previous versions.
Record import jump leads to trade deficit surge in July 9/4/2020
The Commerce Department reported that the July deficit, the gap between what America buys and what it sells to foreigners, was 18.9% higher than the June deficit of $53.5 billion.
General Motors and Honda to explore sharing vehicle designs in North America. 9/4/2020
The companies say planning discussions on jointly-designed vehicles will start immediately and include vehicles powered by both electricity and internal combustion engines. Engineering work would begin early next year.
Automatic emergency braking and forward collision warnings could prevent 40% of crashes 9/4/2020
Trucks with collision warning systems reduced rear crashes by 44%, while automatic emergency braking cut rear crashes by 41%, the study found.
Virus tracing to be built into your smartphone 9/3/2020
Apple and Google on Tuesday launched the second phase of their “exposure notification” system, designed to automatically alert people if they might have been exposed to the coronavirus.
Another vaccine reaches phase III trial 9/3/2020
AstraZeneca announced Monday its vaccine candidate has entered the final testing stage in the U.S. The Cambridge, England-based company said the study will involve up to 30,000 adults from various racial, ethnic and geographic groups.
.Chevrolet unveils its 2021 Bolt, a new EUV 9/3/2020
The platform is described as a combination of traditional cruise control, LiDAR, 3D mapping software, GPS technology, and a network of sensors that work together to keep a vehicle in its lane, while facial recognition software ensures the driver is keeping their eyes on the road. All of this allows for nearly autonomous driving, but only on highways.
American factories expanded at the fastest pace since late 2018 9/3/2020
The Institute for Supply Management, an association of purchasing managers, reported Tuesday that its manufacturing index climbed to 56 in August from 54.2 in July, highest since November 2018.
Samsung to switch to 15Gb 10nm class LPDDR5 mass production 9/2/2020
Built on Samsung’s third-generation 10nm-class process to support extreme ultraviolet (EUV) technology, the new 16Gb LPDDR5 boasts the highest mobile memory performance and largest capacity to enable more consumers to enjoy the full benefits of 5G and artificial intelligence features in next-generation smartphones.
China added export restrictions on AI technology, might include TikTok's video spooling 9/2/2020
That means TikTok's Chinese owner, ByteDance, would have to obtain a license to export any restricted technologies to a foreign company.
FAA Okay'd Amazon drone delivery 9/2/2020
The ruling gives Amazon the ability to deploy packages on drones even if the drones are out of sight of the sender.
Walmart+ to complete with Amazon Prime 9/2/2020
“We’re launching it to meet the needs of our customers,” she said. “And it really was designed to make their busy lives easier.”
China’s manufacturing see small growth 9/1/2020
The monthly purchasing managers’ index released by the Chinese statistics agency and an industry group declined to 51 from July’s 51.1 on a 100-point scale on which numbers above 50 indicate activity increasing.
Amazon buys 1,800 electric delivery vans from Mercedes-Benz 9/1/2020
“We need continued innovation and partnership from auto manufacturers like Mercedes-Benz to decarbonize the transportation sector and tackle the climate crisis," Bezos said in a statement.
Walmart see millions of young shoppers it can acquire with TikTok 9/1/2020
TikTok's e-commerce business is small today but it says it has 100 million users in the U.S. — incredibly, nearly a third of the country. Many are young, the type of shopper increasingly difficult to reach via traditional media and advertising.
GM and Ford start to slow down their ventilator production 9/1/2020
According to Reuters, both GM and Ford are nearing the end of the ventilator production run and are ramping down operations.
SMIC reports foundry revenue and profit up 8/31/2020
SMIC disclosed in its mid-year financial report that revenue surged 29.4% on year to CNY13.16 billion (US$1.92 billion) in the first half of 2020, with gross margin climbing 2.5pp from a year earlier to 23.5%. The company generated net profits of CNY1.39 billion, up a robust 329.8% from the same period in 2019.
Huawei and ZTE lost essential patent appeal at British Supreme Court 8/31/2020
The ruling meant that companies like Huawei cannot insist that patent holders like Conversant prove their patents in every jurisdiction of the world, which would be “both practically and economically prohibitive,” the company added.
Walmart join forces with Microsoft to bid for TikTok 8/31/2020
Microsoft and Walmart are already business partners. Microsoft provides cloud computing services that help run the retailer’s stores and online shopping.
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