Wednesday, January 27, 2021

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Fiat Chrysler (FCA) to merge with PSA Peugeot and be called Stellantis 12/21/2020
Stellantis will have the capacity to produce 8.7 million cars a year, just behind Volkswagen, the Renault-Nissan alliance and Toyota.
Riot over salary dispute at iPhone India factory 12/21/2020
In what was referred to as a “violent rampage,” employees of Taiwan’s Wistron Corp. -- an assembler of Apple products, including the iPhone -- smashed glass, destroyed workstations and flipped cars outside of their workplace. The hundreds of demonstrators allege that Wistron has withheld wages, some for as long as four months, and is forcing them to work unpaid overtime.
Coke to layoff 17% of workforce 12/21/2020
The coronavirus pandemic has hammered Coke’s business, as sales at places like stadiums and movie theaters dried up due to lockdowns. Its revenue fell 9% to $8.7 billion in the July-September period.
Chinese lunar capsule returned to Earth with fresh moon rock samples 12/18/2020
The capsule of the Chang’e 5 probe landed just before 2 a.m. (1800 GMT Wednesday) in the Siziwang district of the Inner Mongolia region, the China National Space Administration reported.
Companies are substituting Christmas parties with other forms of rewards 12/18/2020
Companies are getting creative about their holiday office parties this year. Many are forgoing parties altogether and instead giving employees gift baskets, extra time off or donations to charities of their choice.
2021 is looking brighter for the Space Industry 12/18/2020
“2021 promises to be as much of a space exploration bright spot, perhaps even more," said Scott Hubbard, NASA’s former “Mars Czar” now teaching at Stanford University.
Foam Fabricators expanded production to meet vaccine shipping needs 12/18/2020
In July, the company hatched a plan to increase production, which went into effect in mid-October. The plan includes increased production and headcount at 12 North American manufacturing facilities.
KIOXIA to expand its Kitakami Plant site on production of 3D Flash memory 12/17/2020
The 136,000 square meter area adjacent to the current site will create room for the future construction of the company's "K2" manufacturing facility, with site preparation work to commence in spring of 2021 and be completed by spring of 2022.
Taiwan-based backend houses seen strong demand for display driver and NAND flash controller 12/17/2020
Firms will continue to see robust backend demand for TDDI chips, mainstream driver solutions for 5G handsets, in 2021, and are also expected to enjoy mounting demand for OLED DDI chips from Chinese handset vendors. Memory backend specialists have all seen clear order visibility through mid-2021, particularly for eMMCs and SSDs.
Disappearance of the corner coffee shop meant lost of creativity 12/17/2020
By missing out on chance meetings and observations that nudge our curiosity and jolt “a-ha!” moments, new ideas, big and small, go undiscovered.
DIY Covid-19 home test kid approved 12/17/2020
The agency's action Tuesday allows sales in places like drugstores "where a patient can buy it, swab their nose, run the test and find out their results in as little as 20 minutes.”
China's large investment into semiconductors heading to fail 12/16/2020
China’s highly centralized high tech sector. China’s electronics industry relies on U.S., Taiwanese, South Korean, and Japanese suppliers for many key components, but the most strategic of strategic technologies is the microprocessor. And despite years of strategic investment, China has (so far) been unable to master the production of these highly specialized but utterly ubiquitous computer chips.
TrendForce expects NAND flash ASPs to drop throughout 2021 12/16/2020
Samsung, YMTC, SK Hynix and Intel will be actively expanding their NAND chip output in the first quarter of 2021, said TrendForce, adding that oversupply in the industry will worsen.
Volkswagen Board supports CEO's push into digital and electric cars 12/16/2020
The board statement Monday said Diess and his team had the board's “full support not only when it comes to the new orientation towards electromobility and digitalisation, but also the increase of efficiency and profitability.”
As Pfizer vaccine reach hospitals, Moderna vaccine gets FDA approval 12/16/2020
The Moderna vaccine uses the same technology as Pfizer-BioNTech's and showed similarly strong protection against COVID-19 but is easier to handle because it does not need to be kept in the deep freeze at minus 94 degrees Fahrenheit (minus 70 Celsius).
Mentor Graphics to change its name to Siemens EDA 12/15/2020
Siemens EDA (pictured), said that the name brings EDA software, simulation, mechanical design, manufacturing, cloud, IoT and low code technology under a single banner for industrial software.
Amazon unveil a “robo-taxi" designed for dense, urban environments 12/15/2020
It is among the first vehicles with bidirectional capabilities and four-wheel steering, allowing for better maneuverability. It has a top speed of 75 miles per hour.
Oracle is the next major tech company to announce move from California to Texas 12/15/2020
Texas has long targeted companies in high-cost California for relocation. This month, Hewlett Packard Enterprise, one of the early companies in Silicon Valley, said it will move to the Houston area and build a campus with two five-story buildings by 2022. In 2018, Toyota shifted its U.S. headquarters from Southern California, to Plano, Texas, a Dallas suburb.
Alabama-based contractor propose large drone to shoot satellites into space every 2.5 hours 12/15/2020
The unmanned aerial vehicle, called the Ravn X Autonomous Launch Vehicle, would carry satellites up to 220 pounds.
Retailers urge shippers to avoid last minute shopping crunch 12/14/2020
J.C. Penney, Lowe’s and Kohl’s, are telling shoppers they need to place their online orders soon or else pay expedited shipping fees if they want to get their packages delivered in time for the holidays.
British businesses urged Boris Johnson to strike deal with the EU 12/14/2020
Johnson said "there is a way to go - we’re hopeful that progress can be made" between the two negotiating teams in Brussels.
China auto sales rose by double digits 12/14/2020
Sales in the industry’s biggest global market rose 11.6% over a year earlier to 2.3 million, according to the China Association of Automobile Manufacturers. Total vehicle sales, including trucks and buses, rose 12.6% to 2.8 million, holding steady at October’s growth rate.
Radiation leakage detected at Finnish power plant 12/14/2020
“The rise of the radiation levels inside the containment caused a full scale emergency response at STUK and at the Olkiluoto power plants.”
S & P move to remove 21 Chinese companies from listing 12/11/2020
The announcement follows President Donald Trump’s Nov. 13 order barring Americans from buying stocks or bonds issued by companies that U.S. officials say are owned or controlled by the Chinese military.
Biden picks Asian American as top trade envoy 12/11/2020
The role is a Cabinet position, and the Senate will vote on whether to confirm Tai for the position. Biden's selection of Tai, who is Asian American, reflects his promise to choose a diverse Cabinet that reflects the makeup of the country.
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