electronics – USA NEWS LIVE

Clean Battery Company, consumer electronics manufacturer Trim Bay Area jobs

chandankumarsoft — Mon, 03 Feb 2025 10:05:07 +0000

San Jose-Zwei Technology corporations hacked combined jobs in Bay in Bay Area, a memory that the layoffs continued to scale back certainly one of the predominant engines within the region's economy.

The work cuts are willing to affect the employees at quantum cape and Invenense locations in San Jose, that are separated by some blocks.

Quantum cape creates lithium metal batteries for electric vehicles. InVersense produces motion tracking sensors which can be gyroscopes that could be utilized in consumer electronic devices comparable to smartphones, tablets, wearables, gaming devices and TV distant controls. Both corporations are based in San Jose.

Here you will discover some details in regards to the order cut -banknsee and quantum cape battery, in line with the Warn Letters:

– InVensense, 55 job cuts in San Jose. These should happen on March 31.

– Quantenscape -aku, 53 layoffs in San Jose. The reductions are planned for March 29.

In each cases, the layoffs are described as everlasting.

“After careful consideration and comprehensive analysis of our business needs, the QuantumScape battery will lead to a reduction in the power of its workforce,” wrote Pamela Fong, Chief Human Resources Officer from QuantumScape, in the corporate's warning letter.

Disappeared staff in each corporations don’t have any right to tune. This implies that the workers concerned cannot displace other employees, even in the event that they have a service to other employees.

In 2024, technology corporations announced plans for the elimination of virtually 18,000 jobs within the Bay Area. The sums of 2024 in 2023 in 2023 were about 16.7% below the 21,600 layoffs of the tech sector, as could be seen from the warning notes sent to the EDD by this news organization.

In 2022, technology corporations released plans to scale back around 10,300 jobs within the Bay Area, because the warn announcements show.

Originally published: January 31, 2025 at 5:30 a.m. PST

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Samsung Electronics third quarter 2024 earnings

chandankumarsoft — Fri, 01 Nov 2024 05:29:28 +0000

Samsung Electronics on Thursday reported third-quarter revenue and operating profit that were barely above its own expectations, but its chip business posted a significantly lower profit than within the previous quarter.

The semiconductor division reported operating profit of three.86 trillion won (about $2.8 billion) within the third quarter, down 40% from the previous quarter.

While its memory chip division benefited from strong demand for its artificial intelligence and traditional server products, Samsung said “inventory adjustments negatively impacted mobile demand.” The company said it was also scuffling with “the increasing supply of end-of-life products in China.”

Samsung is the leading maker of memory chips for devices reminiscent of laptops and servers and the second largest player within the smartphone market worldwide.

While AI boosted demand for advanced nodes from its foundry unit, Samsung said demand for mobile devices and PCs fell wanting expectations. The Korean tech giant said the recovery in mobile and PC demand will likely be delayed, although interest in additional advanced products will proceed to grow attributable to AI investments.

Here are Samsung's results in comparison with guidance released earlier this month:

revenue: 79.1 trillion won versus 79 trillion
Operating profit: 9.18 trillion versus 9.1 trillion won

These forecast numbers were well below the LSEG estimate for operating profit of 11.456 trillion won. Samsung Vice Chairman Jun Young-hyun, the brand new head of the corporate's device solutions division, offered a rare apology after the rules were released.

Samsung expects demand for these advanced chipsets to further fuel growth next yr. The company also expects demand for servers to stay strong as technology firms proceed to make “robust investments.”

Shares of Samsung Electronics listed on the South Korean stock exchange have fallen 24.71% thus far this yr.

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The San Jose Fry electronics hub is well on its method to becoming an enormous technology hub

chandankumarsoft — Thu, 03 Oct 2024 09:51:21 +0000

SAN JOSE – An extended-closed Fry's Electronics location in San Jose is on course to turn into a serious technology hub that will create a hub for jobs and technology production, in line with documents filed with city planners.

Super Micro Computer is bringing a plan to San Jose City Hall to develop a brand latest, 333,400-square-foot constructing that might be a part of a technology center at 550 East Brokaw Road in north San Jose.

Concept for a 31,000 square foot manufacturing, office and warehouse constructing with Super Micro Computer operations at 550 East Brokaw Road in San Jose. (ARCTEC)

The fundamental entrance to the previous Fry's Electronics store at 550 Brokaw Road in San Jose, 2020. (Nhat V. Meyer/Bay Area News Group)

The 19.7-acre site was once home to a big Fry's Electronics store and warehouse, in addition to the headquarters of the once-iconic but now-defunct consumer electronics retailer.

The iconic Mayan constructing that when housed the Fry's store will remain intact after the brand new constructing is constructed, in line with development plans.

Concept for a 31,000 square foot manufacturing, office and warehouse constructing with Super Micro Computer operations at 550 East Brokaw Road in San Jose. (ARCTEC)

This is the most recent in a series of efforts to seek out latest uses for the various closed Fry's buildings within the Bay Area.

In Fremont, city planners are considering a proposal to modernize and remodel an existing Fry's Electronics store on Osgood Road near the Interstate 680 and Auto Mall Parkway interchange.

The Fremont project would create a modernized constructing able to hosting advanced manufacturing, technology, research or industrial activities.

These proposals raise hopes that these vacant former Fry's locations could find latest use and help create jobs after the patron electronics retailer imposed the closure of all remaining stores in 2021.

In north San Jose, Super Micro is exploring several possible activities within the constructing the technology company plans to construct.

The technology company would really like to provide within the planned three-story constructing, which may also house a storage component.

In February 2024, Super Micro Computer paid $80 million for the 550 East Brokaw property in an all-cash deal, Santa Clara County real estate records show.

The technology company's plans for the old Fry's location at the moment are becoming apparent for the primary time. The timeline for development was not immediately known.

“The scope of work includes construction of the building core and envelope, as well as site improvements such as sidewalks, curbs and gutters, bike racks and street trees,” the Super Micro plan states.

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East Bay man sentenced to three 1/2 years in federal prison for selling counterfeit electronics to military

chandankumarsoft — Thu, 18 Jul 2024 17:02:07 +0000

A federal judge has sentenced an Alameda County man to 3 and a half years in prison after he was found guilty of selling $3.5 million value of counterfeit and substandard electronics to be used in military systems, authorities said.

The scheme by 63-year-old Steve HS Kim aimed to defraud the Defense Logistics Agency, a division of the U.S. Department of Defense, U.S. Attorney for the Northern District of California Ismail Ramsey said in a press release.

According to Ramsey, this electronics shall be utilized in a nuclear submarine, a laser system in an aircraft and a surface-to-air missile system.

“Our military needs to be confident that the equipment it receives is actually what it was purchased for,” Ramsey said.

According to court documents, Kim controlled Company A, which sold fan assemblies to the DLA. Ramsey said those fan assemblies were either counterfeit or used surplus parts that Kim claimed were latest.

Ramsey said Kim created the fake tags to trick the DLA into accepting the fan gatherings. According to court documents, Kim also gave the agency fake wanted papers that he created and signed under a false identity.

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