COVID19

Samsung to add new memory chip line in South Korea as COVID-19 boosts demand

FILE PHOTO – The logo of Samsung Electronics is seen at its office building in Seoul, South Korea January 7, 2019. Picture taken January 7, 2019. REUTERS/Kim Hong-Ji

SEOUL (Reuters) – Samsung Electronics Co Ltd said on Monday it has begun construction of a new domestic production line for NAND flash memory chips, betting on demand for personal computers and servers as the coronavirus prompts more people to work from home.

The world’s largest memory chip maker is targeting the second half of next year to mass produce the chips, used for storage, on the added line in its plant in Pyeongtaek city, which is within a two-hour drive from the capital Seoul.

Samsung said the additional capacity will also help meet demand for 5G smartphones and other devices, despite recent delays in deployments of 5G networks in Europe and other countries due to the health crisis.

While the company

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COVID-19 robot patrol rolled out in Belgian hospitals

A visitor at University Hospital Antwerp (UZA) interacts with a robot called CRUZR, made available by the Belgian company ZoraBots to hospitals and other locations to control temperature and good positioning of the protective face mask, amid the coronavirus disease (COVID-19) outbreak, in Antwerp, Belgium May 29, 2020. REUTERS/Yves Herman

ANTWERP (Reuters) – Robots that speak more than 53 languages, detect fever and determine if people are wearing face masks properly have been rolled out in Belgium as a first line of control in hospitals and shops.

People arriving at the University Hospital Antwerp from Tuesday will answer questions online or at an interactive kiosk. The robot will scan a QR code, review their answers, check their temperature and determine if they are wearing a mask correctly.

Fabrice Goffin, chief executive of Belgium-based Zorabots, said his robots had been in hospitals, care homes and hotels since 2013, but had now

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Salesforce cuts annual estimates on COVID-19 hit

(Reuters) – Salesforce.com Inc cut its annual revenue and profit forecasts on Thursday, as the cloud-based business software maker allowed clients to defer payments and provided its sales team one-time commissions amid the COVID-19 pandemic.

FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid

Shares fell 3% in choppy extended trading as investors shrugged off a first-quarter revenue beat.

Most of the expenses were recorded in the first quarter, including $140 million in sales commissions, Chief Executive Officer Marc Benioff said on an earnings call.

Benioff said organizations around the world are accelerating their plans for work-from-anywhere environment, helping Salesforce sign more deals.

“I’ve been on more sales calls with more CEOs in the last two months than at any time in my career,” Benioff said.

The company has beefed up its cloud business through acquisitions

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China’s Nio quarterly revenue misses estimates on COVID-19 hit

Chinese electric vehicle start-up NIO Inc., logo is on display on the trading floor of the New York Stock Exchange (NYSE) as NIO stock begins trading during the company’s initial public offering (IPO) at the NYSE in New York, U.S., September 12, 2018. REUTERS/Brendan McDermid

(Reuters) – Nio Inc on Thursday reported quarterly revenue below Wall Street estimates as the cash-strapped Chinese electric vehicle (EV) maker sold fewer vehicles amid the COVID-19 pandemic, sending its shares down 3%.

Total revenue stood at 1.37 billion yuan ($191.46 million) in the first quarter, compared with the average analyst estimate of 1.67 billion yuan, according to IBES data from Refinitiv.

Auto sales in China tumbled 42% in the first two months of this year from a year earlier, as the outbreak disrupted production and delivery of vehicles.

Nio delivered 3,838 vehicles in the first quarter ended March 31, down from 3,989 vehicles. Sales

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