Thursday, July 16, 2020

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Tesla can reap $60 million tax benefit from building Austin plant 6/22/2020
The proposal would offer Tesla $68 million in property tax breaks over 10 years to put its new plant on a 2,100-acre (85-hectare) site off Texas 130 just north of the Colorado River on the southeastern outskirts of Austin.
U.S. to keep confrontational trade approach to reduce import 6/19/2020
The administration would push for more change at the World Trade Organization, the Geneva-based enforcer of global trade rules that the administration has accused of anti-U.S. bias.
Raytheon completed the first guided release of a StormBreaker from an F/A-18E/F Super Hornet 6/19/2020
StormBreaker is the only weapon that enables pilots to hit a moving target during bad weather or if dust and smoke are in the area.
Mitsubishi Motor executives to take pay cut 6/19/2020
Mitsubishi Motor executives are taking pay cuts to share responsibility for the Japanese automaker’s financial losses.
Cheap drug to improve COVIC-19 survival 6/19/2020
A drug can improve COVID-19 survival: A cheap, widely available steroid reduced deaths by up to one third in severely ill hospitalized patients.
Business and Universities plead to keep work visa 6/18/2020
“Innovation thrives when there is cultural, economic and racial diversity,” Minott said. “To not have peers from other countries collaborating side by side with Americans is going to be a setback for the country. We learned from Americans, but Americans also learn from us.”
Volkswagen to invest additional $200 million in U.S. battery specialist 6/18/2020
n the future, solid-state batteries are expected to significantly increase range and shorten charging times further. With the same size of a current battery pack, the solid-state battery could enable ranges for electric vehicles that are comparable to those for conventional drivetrains
Quaker Oats to retire Uncle Ben and Aunt Jermama brand names 6/18/2020
The company recognizes the character's origins are “based on a racial stereotype".
Tesla eyeing on Austin, Texas to build new plant 6/18/2020
According to the American-Statesman, Tesla is negotiating an incentives package that will be voted on within the next few weeks. The new plant would build Tesla's electric pickup, the Cybertruck, as well as the Model Y SUV.
Apple to face new antitrust case with European Union 6/17/2020
European Union regulators began two antitrust investigations on Tuesday into Apple's mobile app store and payment platform over concerns its practices distort competition, opening a new front in the EU's battle against the dominance of big tech companies.
Lockheed Martin has a new CEO 6/17/2020
James D. Taiclet, 60, today became president and CEO of Lockheed Martin as part of a planned transition. He succeeds Marillyn A. Hewson, 66, who has served as chairman, president and CEO since 2014 and president and CEO since 2013.
American industrial production rebounded 1.4% 6/17/2020
Industrial production — including output at factories, mines and utilities — rose 1.4% in May after plummeting a record 12.4% in April and 4.6% in March. Manufacturing output rose 3.8% last month as auto plants began to ramp back up; but production of cars and auto parts remained 62.8% below its May 2019 level.
White House talks about $2 trillion manufacturing aid 6/17/2020
White House trade adviser, told CNN Saturday that the administration hopes a fourth phase of recovery legislation following the COVID-19 outbreak and subsequent recession would be “at least $2 trillion.” He added that directing the funding to manufacturing companies would help overcome “structural headwinds” in industries devastated by the pandemic, including the hospitality, entertainment and transportation sectors.
Broadcom to develop chips for Nokia 5G equipments 6/16/2020
By the end of this year, Nokia aims to have the custom chips in more than 35% of its 5G shipments and to reach a rate of 100% by the end of 2022.
Proposed TSMC Arizona feb will bring Taiwan suppliers 6/16/2020
Though TSMC's investment in the project will average about US$1.33 billion per year from 2021 to 2029, only 8-9 percent of its typical annual capital expenditure, the project will likely attract some of its suppliers to set up shop in the United States.
UMC vowed to appeal court ruling of infringement to Micron trade secrets 6/16/2020
A district court in the city of Taichung has ruled in favor of Micron, finding UMC and three of its employees guilty of stealing trade secrets from the US memory chip vendor.
Samsung is near an agreement to fabricate Huawei 5G chips 6/16/2020
Huawei and Samsung were considering a deal in which the latter would make advanced chips for Huawei's top 5G gear, while Huawei would cede a significant share of its smartphone market share to Samsung, the Asia Times reported.
Lead by food prices, U.S. wholesale price index jumped 0.4% 6/15/2020
Food costs have been rising due to high demand from Americans cooking more at home, but also because of lost production following virus outbreaks at food processing facilities.
Moderna to extend vaccine test to 30,000 people 6/15/2020
The vaccine, developed by the U.S. National Institutes of Health and Moderna Inc., will be tested in 30,000 volunteers -- some given the real shot and some a dummy shot.
Boeing’s 737 MAX re-certification test to strat in June 6/15/2020
Reuters has reported that Boeing has scheduled a key certification test for late June. Boeing has been working on software updates that control the plane’s stability.
European Union brings Amazon to court on anti-trust 6/15/2020
EU regulators have circulated a draft of formal allegations against the company for weeks, and that they could officially be filed sometime in the next two weeks, Reuters reports. The complaint would reportedly concern the company’s treatment of independent sellers on its third-party marketplace.
Key design features of DDR5 memory 6/12/2020
DDR5 will support a higher data rate (up to 6400 Mb/s) at a lower I/O Voltage (1.1V) and a higher density (based on 16Gb DRAM dies) than DDR4. DDR5 DRAMs and dual-inline memory modules (DIMMs) are expected to hit the market in 2020.
Bipartisan bill to earmark $22.8 billion in aid for semiconductor manufacturers 6/12/2020
The proposal would create a 40% refundable income tax credit for semiconductor equipment, $10 billion in federal funds to match state incentives to build factories, and $12 billion in research and development funding. It would authorize the Defense Department to use funding under the Defense Production Act to “establish and enhance a domestic semiconductor production capability.”
Beijing official call for better relationship with the U.S. 6/12/2020
Zhu Guangyao, a former finance minister and Cabinet advisor, said the two countries should “waste no time” in improving relations to help better coordinate a response to the coronavirus pandemic. He and other officials told reporters in Beijing that the two biggest economies are so closely entwined that they must find a way to work together because a lack of cooperation has come at a “high price.”
China's automobile sales up 14.5% in May 6/12/2020
sales of passenger cars jumped 7% from a year earlier to 1.67 million, an improvement over April’s 2.6% contraction. Growth in passenger vehicles was primarily driven by sales of SUVs and minivans, which jumped nearly 20% and 47% respectively from the same period the year before.
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