tyb
Elon Musk N628TS G6 back in Hawthorne, Ca from San Jose Int'l-overnight flight
MAGMA89 out of Miami Executive Airport sw
EASY40 C-560 nw from New Orleans NASJRB
WING26 C-560 west out of McGuire AFB, NJ
VV376 se from JBA and holding just ne of Newport News/Norfolk, VA
_68-10337 U2 west over Denmark @ 60k ft
U.S. moves to cut Huawei off from global chip suppliers
The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action ramping up tensions with China. The U.S. Commerce Department said it was amending an export rule to “strategically target Huawei’s acquisition of semiconductors that are the direct product of certain U.S. software and technology.”
The reaction from China was swift with a report saying it was ready to put U.S. companies on an “unreliable entity list,” as part of countermeasures in response to the new limits on Huawei, China’s Global Times reported on Friday.
The measures include launching investigations and imposing restrictions on U.S. companies such as Apple Inc (AAPL.O), Cisco Systems Inc (CSCO.O), Qualcomm Inc (QCOM.O) as well as suspending purchase of Boeing Co (BA.N) airplanes, the report said here citing a source. The rule change is a blow to Huawei, the world’s no. 2 smartphone maker, as well as to Taiwan’s Taiwan Semiconductor Manufacturing Co Ltd (2330.TW), a major producer of chips for Huawei’s HiSilicon unit as well as mobile phone rivals Apple and Qualcomm. TMSC announced late Thursday it would build a $12 billion chip factory in Arizona.
TSMC said Friday it is “working with outside counsels to conduct legal analysis and ensure a comprehensive examination and interpretation of these rules. We expect to have the assessment concluded before the effective date,” the company said, adding the “semiconductor industry supply chain is extremely complex, and is served by a broad collection of international suppliers.
Huawei, which needs semiconductors for its widely used smartphones and telecoms equipment, is at the heart of a battle for global technological dominance between the United States and China.
Huawei, which has warned that the Chinese government would retaliate if the rule went into effect, did not immediately comment on Friday. U.S. stock market futures turned negative on the Reuters report.
https://www.reuters.com/article/us-usa-huawei-tech-exclusive/u-s-moves-to-cut-huawei-off-from-global-chip-suppliers-idUSKBN22R1KC
TSMC’s Announcement Of A New U.S. Semiconductor Fab Is Big News
Taiwan Semiconductor Manufacturing Company (TSMC) intends to build a “fab” (semiconductor fabrication facility or factory) in Arizona is big news, although it is really just a toe in the water. TSMC is the world’s largest contract integrated circuit (IC) manufacturer, and it is far and away the technology leader, offering the most advanced manufacturing processes on the planet.
moar here
https://www.forbes.com/sites/willyshih/2020/05/15/tsmcs-announcement-of-a-us-fab-is-big-news/#175753c72340
And 1, Jessica Simpson brands parent Sequential Brands' stock plunges after 'going concern' warning
Shares of Sequential Brands Group Inc. SQBG, -0.024 -10.96% plummeted 18% on the opening morning trading Friday, after the consumer brands licensing company, which brands include And 1 and Jessica Simpson, issued a "going concern" warning as the COVID-19 pandemic has led to the closing of many retailers carrying its products. The company said that while it believes it currently had enough cash available to fund operations for 12 months, and although it was in compliance with financial covenants as of March 31, the company is not currently expected to be in compliance with certain amended covenants in the next 12 months as a result of the impact of the COVID-19 pandemic. If it fails to comply with the financial covenants, and event of default would be triggered. Sequential Brands said it was working with its creditors to amend the covenants but it can't provide any assurances that amendments would be approved. "The risk of non-compliance creates a material uncertainty that casts substantial doubt with respect to the ability of the company to continue as a going concern," the company stated. The "going concern" language was not in the annual report filed on March 31. Separately, the company reported a first-quarter net loss that narrowed to $86.6 million, or $1.32 a share, from a loss of $125.3 million, or $1.95 a share, in the year-ago period, as revenue fell 21% to $20.2 million. The stock has tumbled 48% year to date, while the S&P 500 SPX, -0.35% has lost 12%.
https://www.marketwatch.com/story/and-1-jessica-simpson-brands-parent-sequential-brands-stock-plunges-after-going-concern-warning-2020-05-15
the bankruptcy's mount-going concern is the start of the process and is the company forced to give a warning because it knows it can't service the debt it is carrying
SPAR79 G5 nw from Baku, Azerbaijan returning to Ramstein AFB
SPAR=Special Purpose Air Resource