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Sunday, February 28, 2021

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Nvidia expects record revenue regardless of low GPU sales 2/26/2021
Nvidia reported a record $5 billion in revenue, which is up 61 percent year-over-year. What’s more impressive is that Nvidia expects to make another $5 billion in revenue during Q1 2022
399nm wafers dominates memory production in 2020 2/26/2021
There were 28 companies that owned and operated a 300mm wafer fab. Furthermore, the distribution of 300mm wafer capacity among those manufacturers is top-heavy with the five biggest manufacturers controlling about three-quarters (74%) of the global 300mm IC capacity.
Fry's Electronics to close its doors 2/25/2021
The pandemic has done heavy damage to retailers, but Fry's was already getting hammered by online competition and a battle between heavy-hitters Best Buy and Amazon.com.
USPS signed contract for new EV postal delivery trucks 2/25/2021
Oshkosh Defense, a division of Wisconsin-based Oshkosh Corp., will assemble 50,000 to 165,000 of the new Next Generation Delivery Vehicles at its existing U.S. manufacturing facilities. It will get an initial $482 million toward retooling and building out its factory.
Warehousing jobs grown over pandemic 2/25/2021
According to Indeed.com, loading & stocking jobs through Feb. 12 are up 37% since Feb. 1, 2020 and up 11% from early January 2021.
ExxonMobil is selling off its drilling and exploration assets in the North Sea 2/25/2021
The company is selling assets that are “less strategic" to better concentrate on major operations in Guyana, Brazil, and the United States.
Huawei unveiled a folding smartphone with an 8-inch wide screen 2/24/2021
China’s ruling Communist Party has spent billions of dollars trying to build its own chip industry. But domestic producers lack the technology to manufacture chips for Huawei’s most advanced products. “The bigger question is more about how long their current stockpile of components will last them,”
Biden to borrow some of Trump's strategy in reshoring and trade negotiations 2/24/2021
We may see a continuation of some of the policies from the Trump administration, meaning policies that prioritize American business and manufacturing. Biden may also focus on opening China’s state-dominated economy, rather than just on narrowing China’s multibillion-dollar trade surplus with the U.S., which was where the Trump administration predominantly put its' focus.
New technology to save paper industry production cost by 30% 2/24/2021
Georgia Institute of Technology researchers have found a method to engineer membranes made from graphene oxide (GO), a chemically resistant material based on carbon, so they can work effectively in industrial applications.
New car prices jumped 6% 2/24/2021
The price of an average new vehicle jumped 6% between January of last year, before the coronavirus erupted in the United States, and December to a record $40,578, according to data from Edmunds.com.
Immigration overhaul to help nation's economies recover from the coronavirus pandemic 2/23/2021
“Great science needs global talent,” she said, noting that more than 20% of the country’s biotech industry is made up of immigrants. “Innovation requires diversity.”
Biden extending pandemic assistance to the nation’s smallest businesses 2/23/2021
He said changes taking effect Wednesday will provide long overdue aid to these smaller enterprises that he says are being “crushed” by the pandemic-driven economic downturn.
Former Volvo employee caught selling company information to the Russians 2/23/2021
The man had just received 27,800 kronor ($3,355) when he was arrested in February 2019 as he met with a Russian intelligence officer working at Russia’s Embassy in Stockholm under diplomatic cover.
Walmart to invest $14 billion into e-cmmerce 2/23/2021
Walmart said the investment will be primarily in the US and focus on improving automation utilization and building supply chain capacity to stay ahead of demand and increase productivity.
Frigid weather is to blame for rapid rising fuel prices 2/22/2021
A deep freeze in the Gulf state region and beyond that killed dozens of people, left millions without power and jeopardized drinking water systems also forced as many as 11 refineries offline, according to travel app GasBuddy.
Water leak at Fukushima nuclear plant complicates decommission process 2/22/2021
drop in water levels in the Unit 1 and 3 reactors indicates that the existing damage to their primary containment chambers was worsened by Saturday's magnitude 7.3 quake, allowing more water to leak. The leaked water is believed to have remained inside the reactor buildings and there is no sign of any outside impact.
Hyundai/KIA suffered network lost for days 2/22/2021
In a statement on Thursday, Kia cited “online speculation” that it was hit by ransomware, which scrambles data until a victim pays to have it decoded. “At this time, and based on the best and most current information, we can confirm that we have no evidence that Kia or any Kia data is subject to a ransomware attack,” the company said.
New Air Force One to be built with laser and missile defense features 2/22/2021
A 224’ wingspan includes carbon fiber wing tips angled at 37.5 degrees to produce quicker takeoffs and landings, as well as for accommodating shorter landing strips. The four GE engines will provide 17 percent more power in hitting Mach 1, making Air Force One the fastest passenger jet on the planet.
Lordstown Motors to break traditional auto sales protocol 2/19/2021
Lordstown Motors Corp. hopes state lawmakers will approve the change, which would allow it to get around a rule requiring vehicle sales go through auto dealerships. Proposed legislation is expected to be introduced at the Statehouse within the next few weeks.
Custom agents seized more than 10 million fake 3M brand N95 masks 2/19/2021
The most recent seizures occurred Wednesday when Homeland Security agents intercepted hundreds of thousands of counterfeit 3M masks in an East Coast warehouse that were set to be distributed.
NASA rover landing is the most challenged ever 2/19/2021
The rover named Perseverance is headed Thursday for a compact 5-mile-by-4-mile (8-kilometer-by-6.4-kilometer) patch on the edge of an ancient river delta. It's filled with cliffs, pits, sand dunes and fields of rocks, any of which could doom the $3 billion mission.
Biden Administration earmarks $815 billion to expand COVID-19 testing and treatments 2/19/2021
The White House said that supplies and materials manufacturing that the investment will support include filter pipette tips, nitrocellulose used in antigen point-of-care tests and specific injected molded plastics needed to house testing reagents.
Retail sales soared 5.3% thanks to stimulus checks 2/18/2021
The $600 stimulus checks, sent out at the very end of last year, has pushed people to buy new furniture, clothing and appliances.
American industrial production expanded for the fourth consecutive month in January 2/18/2021
U.S. industrial production — which includes output factories, mines and utiliites — rose 0.9% last month on top of increases of 1.3% in December, 0.9% in November and 1.1% in October, the Federal Reserve reported Wednesday.
Epic Games, a game maker, filed antitrust complaint against Apple 2/18/2021
Epic Games is locked in a battle with Apple over the app store, which takes a 30% cut from all in-app purchases. When Epic tried last year to bypass the platform with a direct payment system, Apple dropped the Fortnite app from its app store. In return, Epic filed legal challenges in the U.S., Australia and Britain.
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