Why General Motors Wants to Test Autonomous Cars in NYC
General Motors (GM) announced that it wants to test a few semi-driverless cars next year on the streets of New York City.
Germany (EWG) and Japan (EWJ) had previously adopted restrictive immigration policies, which encouraged companies to invest in robotic automation.
At the Design Automation Conference in September 2017, Chinese semiconductor executives explained that the US has a misconception about China’s $161 billion IC fund.
China manufactures only 13% of the world’s ICs. The nation imports more than $200 billion in chips annually, which created an estimated annual trade deficit of $150 billion in 2014.
In January 2017, the President’s Council of Advisors on Science and Technology published a report that called for the government to protect US companies’ leadership positions.
The US semiconductor industry depends on other countries for almost all supply chain activities, ranging from production to sales.
In the last two years, many semiconductor companies increased their leverage levels to fund acquisitions, as their interest rates were low.
The reform plan has proposed a one-time lower repatriation tax on all foreign earnings held by US companies overseas.
A strong growth report by the US Department of Commerce showed that the US GDP rose 3.1% in 2Q17, which was higher than the previous estimate of 3.0%.
Intel (INTC), Broadcom (AVGO), and Micron Technology (MU) are among the top capital spenders.
Under the Obama plan proposed in his fiscal 2016 budget, there would be no tax exemption on foreign earnings.
Qualcomm (QCOM) is using a major portion of its $30 billion overseas cash to acquire Netherlands-based NXP Semiconductors (NXPI).
Apple (AAPL) has $223.0 billion of unrestricted cash held overseas, and Qualcomm (QCOM) has ~$30.0 billion in cash held overseas.
Among the 35 OECD countries, the US has the highest corporate tax rate of 35%. This tax rate puts US companies at a disadvantage compared to their foreign rivals.
The US tech sector could see tax reforms that would improve its competitive stance. The proposal would reduce the corporate tax from 35% to 20% and introduce a territorial tax system.
In edge computing, basic analysis happens at the device level. This requires the device to be equipped with memory, processor, and connectivity chips.
The transition to SSD encouraged HDD giant Western Digital (WDC) to acquire SSD giant SanDisk in 2016.
Micron’s SBU (Storage Business Unit) revenues fell 1.5% sequentially to $1.3 billion in fiscal 4Q17, well below the forecast of ~$1.5 billion.
Micron’s CEO, Sanjay Mehrotra, stated that Micron achieved the first qualification of its 1X LPDRAM (low-power DRAM) at a major mobile OEM in fiscal 4Q17.
Micron’s Mobile Business Unit revenues rose 4% sequentially and 76% year-over-year to a record $1.2 billion in fiscal 4Q17, in line with expectations of $1.18 billion in revenues.