GM sells out first year of electric Hummer production

DETROIT (Reuters) – General Motors Co said it has sold out the first year’s worth of its hulking GMC Hummer EV electric pickup truck after a splashy video reveal on Tuesday.

The 2022 GMC Hummer EV in an undated image. Courtesy GMC/via REUTERS

The GMC website showed a “reservations full” banner over the Hummer EV “Edition 1,” due to start production in the fall of 2021. The next version of the truck, the $99,995 Hummer EV 3X, is not scheduled to begin production until the fall of 2022.

The least expensive Hummer EV, starting at $79,995, is scheduled to go into production in the spring of 2024, GM said.

The Hummer EV was designed and engineered in 18 months, GM officials said during a presentation on Wednesday. The brawny truck can “crab walk” sideways on rough terrain using its four-wheel steering system, and has a “Watts to Freedom” mode that

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Intel Sells Its NAND Flash Business To SK Hynix

Intel has reached a deal to sell its flash-memory business to SK Hynix from South Korea for about $9B.  According to the Wall Street Journal, SK Hynix will buy most of Intel’s memory business, including the related memory manufacturing operations in Dalian, China.  It appears that Intel’s SSD business is part of the deal.   Intel plans to keep its Optane memory products, particularly its DIMM memory modules, which is closely tied to Intel’s next generation of enterprise server CPUs.   The image below shows an Intel NAND flash and Optane SSD.

The announcement said that the Intel NAND flash operations generated about $2.8B in sales in the first six months of 2020.  Intel’s overall memory sales during this period was about $3B.  Intel’ NAND flash revenue market share in C2Q 2020 was about 11%.  Combined with SK Hynix’s 12% market share,

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Tarlac artist sells paintings to connect teachers, students to internet

SAN ANTONIO, ZAMBALES – A Tarlac artist has been selling her artworks to raise money for students and teachers who have no access to the internet.

Maria Adelaida Calayag, 23, has so far raised P9,000, after selling four of her paintings, among them the ‘La Pieta,’ which was inspired by the famous sculpture of Renaissance artist Michaelangelo.

She  said the money from the sale of her artworks will be used for the Internet / wifi access of students in Barangays Balanti, San Luis, San Jose de Urquico and San Pablo which are near the Caritas Tarlac Mission Center.

“They would need to pay P3,000 each month, so unless they won’t need upgrades, the amount is sufficient for three months of internet,” Calayag, said, since students need Internet access amid the coronavirus disease 2019 (COVID-19) pandemic.

Most of Calayag’s works are priced between P2,000-P3,000, but ‘La Pieta’ sold for P5,000.

One

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Cathie Wood’s Internet ETF Sells Some Tesla, Xilinx, Buys The Dip In Fastly

One of the top-performing ETFs of the year bought the dip in Fastly Thursday.



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What Happened: After pre-announcing third quarter earnings, Fastly Inc (NYSE: FSLY) saw shares drop 30% after-hours on Wednesday.

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That dip led to the opportunity for the Ark Next Generation Internet ETF (NYSE: ARKW) to take a stake in the company.

The Ark Next Generation Internet ETF, led by Cathie Wood, bought 304,300 shares of Fastly. This represents a current stake of $27.3 million, around 1% of the fund’s assets.

The fund also bought small amounts of Palantir Technologies (NYSE: PLTR) and Zoom Video Communications (NASDAQ: ZM) on Thursday.

The ETF sold part of its stake in Tesla Inc (NASDAQ: TSLA), which is its top holding.

The Next Generation Internet ETF is known for its bullish take on the electric vehicle maker, and the stock has been the ETF’s top holding

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Chris Rock Sells iPhone 12 and mmWave 5G in New Verizon Ad

During its iPhone 12 event this week, Apple expended an unusually long amount of talk time pressing home the benefits of 5G, and even gave the chairman and CEO of Verizon, Hans Vestberg, a segment to explain how “5G just got real.”

“The power of Verizon 5G meets the first iPhone with 5G.”

That same slogan is at the heart of Verizon’s marketing campaign for mmWave 5G on ‌iPhone 12‌, as this latest ad featuring comedian Chris Rock demonstrates.

The entire ‌iPhone 12‌ lineup is compatible with faster 5G networks, but support for high-frequency mmWave bands is limited to models sold in the United States. This includes compatibility with Verizon’s new 5G Ultra Wideband network, which is now available in 55 cities across the country.

mmWave is a set of 5G frequencies that promise ultra-fast speeds at short distances, making it best suited for dense urban areas. By comparison, sub-6GHz

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