Entries by admin

Chip Industry Wants $50 Billion to Keep Manufacturing in U.S.

WASHINGTON—Sept. 16, 2020—The Semiconductor Industry Association (SIA), in partnership with the Boston Consulting Group (BCG), today released a study analyzing the impact of proposed federal incentives for domestic semiconductor manufacturing. The report, titled Government Incentives and U.S. Competitiveness in Semiconductor Manufacturing, finds robust federal incentives would reverse the decades-long trajectory of declining chip production in […]

Gartner: IoT 2-5 Years From Transformational Impact 

The Gartner, Inc. 2020 Hype Cycle for Supply Chain Strategy shows that the Internet of Things (IoT) has reached the bottom of the Trough of Disillusionment. The market will begin to climb out of this trough, as the technology advances and practitioners succeed in defining the best opportunities for the unique measurement and tracking capabilities […]

It’s Official: Nvidia Buys Arm 

The announcement noted that SoftBank will remain committed to Arm’s long-term success through its ownership stake in Nvidia, expected to be under 10 percent.Nvidia is framing its mega business deal with Arm as “bringing Nvidia’s own AI computing platform to Arm’s vast ecosystem.” Source: It’s Official: Nvidia Buys Arm | EE Times

Air Force Awards $13.3 Billion Contract for Nuclear Missiles 

WASHINGTON (AP) — The Air Force on Tuesday awarded a $13.3 billion contract for engineering and development work on a replacement for the Minuteman 3 missile, which has operated continuously for half a century as a key part of the nuclear force. Source: Air Force Awards $13.3 Billion Contract for Nuclear Missiles | Political News […]

Lockheed Martin: Behind The Huge $62 Billion F-16 Win 

Lockheed Martin (LMT) has been one of the names I have been bullish on for some years. Admittedly, the stock price performance since I wrote my first report on Lockheed Martin has only outperformed the broader market by a few percent, but its total return has been strong and that’s realized by strong growth in […]

A Cautious Look Ahead for 2H 2020 

IHS Markit has released its flash PMIs for August:Results vary by country, with USA, the eurozone, Germany and the UK showing large increases (chart 1)USA rose from 50.9 to 53.6 (chart 2), the eurozone from 47.4 to 51.8 (chart 3) and Germany from 51 to 53 (chart 4)France declined slightly (chart 5) and Japan remained […]

Global Smartphone Shipments Expected to Drop Nearly 10% in 2020

FRAMINGHAM, Mass. August 27, 2020 — The worldwide smartphone market is forecast to decline 9.5% year over year in 2020 with shipments totaling 1.2 billion units, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracke r. While the second quarter of 2020 (2Q20) resulted in slightly better than expected numbers, the market […]

Japan Cleared to Buy 32 Amraam Missiles in $63M Deal

WASHINGTON — The State Department has made a determination approving a possible Foreign Military Sale to the Government of Japan of thirty-two (32) AIM-120C-8 Advanced Medium Range Air-to-Air Missiles (AMRAAM) with support for an estimated cost of $63 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale today. […]

Abbott’s Fast Easy-to-Use COVID-19 Antigen Test Receives FDA Emergency Use Authorization

ABBOTT PARK, Ill., Aug. 26, 2020 /PRNewswire/ — Abbott (NYSE: ABT) announced today that the U.S. Food and Drug Administration (FDA) has issued Emergency Use Authorization (EUA) for its BinaxNOW™ COVID-19 Ag Card rapid test for detection of COVID-19 infection. Abbott will sell this test for $5. It is highly portable (about the size of […]

Desktop Metal to go public via reverse merger with a SPAC

Burlington-based Desktop Metal Inc. is the latest Massachusetts company to go public this year thanks to an accelerated procedure called a reverse merger.Not including more than a dozen life sciences IPOs this year, Desktop Metal is the fourth Massachusetts company to go public this year. Non-biotech companies that went public this year include daily fantasy […]

Minority-Owned Suppliers are Faring Well in 2020 

New study reveals minority-owned suppliers are showing greater financial stability and resiliency than non-minority owned businesses during the global pandemic. Source: Survey Says: Minority-Owned Suppliers are Faring Well in 2020 | Source Today