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Yale may have just turned institutional investing on its head with a new diversity edict - techcrunch

Yale may have just turned institutional investing on its head with a new diversity edict

It could be the long-awaited turning point in the world of venture capital and beyond. Yale, whose $32 billion endowment has been led since 1985 by the legendary investor David Swensen, just let its 70 U.S. money managers across a variety of asset classes know that for the school, diversity has now moved front and […]
techcrunch - 6 hours ago
Facebook and Twitter CEOs to testify before Congress in November on how they handled the election - techcrunch

Facebook and Twitter CEOs to testify before Congress in November on how they handled the election

Shortly after voting to move forward with a pair of subpoenas, the Senate Judiciary Committee has reached an agreement that will see the CEOs of two major social platforms testify voluntarily in November. The hearing will be the second major congressional appearance by tech CEOs arranged this month. The Republican-led Senate Judiciary committee is chaired […]
techcrunch - 11 hours ago
The RIAA is coming for the YouTube downloaders - techcrunch

The RIAA is coming for the YouTube downloaders

In ye olden days of piracy, RIAA takedown notices were a common thing — I received a few myself. But that’s mostly fallen off as tracking pirates has gotten more difficult. But the RIAA can still issue nastygrams — to the creators of software that could potentially be used to violate copyright, like YouTube downloaders. […]
techcrunch - 12 hours ago
Daily Crunch: Uber and Lyft defeated again in court - techcrunch

Daily Crunch: Uber and Lyft defeated again in court

A California court weighs in as Prop. 22 looms, Google removes popular apps over data collection practices and the Senate subpoenas Jack Dorsey and Mark Zuckerberg. This is your Daily Crunch for October 23, 2020. The big story: Uber and Lyft defeated again in court A California appeals court ruled that yes, a new state […]
techcrunch - 12 hours ago
Boston startups expand region’s venture capital footprint - techcrunch

Boston startups expand region’s venture capital footprint

This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. That ice quickly melted as venture capitalists discovered that demand for software and other services that startups provide was accelerating, pushing many young tech companies back into growth […]
techcrunch - 14 hours ago
The short, strange life of Quibi - techcrunch

The short, strange life of Quibi

“All that is left now is to offer a profound apology for disappointing you and, ultimately, for letting you down,” Jeffrey Katzenberg and Meg Whitman wrote, closing out an open letter posted to Medium. “We cannot thank you enough for being there with us, and for us, every step of the way.” With that, the […]
techcrunch - 16 hours ago
OnePlus’s 8T handset brings faster charging and a 120Hz display for $749  - techcrunch

OnePlus’s 8T handset brings faster charging and a 120Hz display for $749 

OnePlus continues its twice-yearly smartphone cycle with today’s arrival of the 8T. The latest device isn’t a huge upgrade over April’s OnePlus 8, but continues the company’s longstanding tradition of offering some of the most solid Android handsets at a reasonable price point. The cost has edged up a bit in recent years, but $749 […]
techcrunch - 16 hours ago
CA appeals court upholds ruling that Uber and Lyft must classify drivers as employees - techcrunch

CA appeals court upholds ruling that Uber and Lyft must classify drivers as employees

Uber and Lyft must classify their drivers as employees, an appellate court ruled yesterday evening. However, the decision will be stayed for 30 days after the court issues the remittitur, which has not happened yet. That means depending on how ballot measure Proposition 22 goes, this case may not end up being the deciding factor […]
techcrunch - 18 hours ago
Calling Brussels VCs: Be featured in The Great TechCrunch Survey of European VC - techcrunch

Calling Brussels VCs: Be featured in The Great TechCrunch Survey of European VC

TechCrunch is embarking on a major new project to survey the venture capital investors of Europe, and their cities. Our <a href=”https://forms.gle/k4Ji2Ch7zdrn7o2p6”>survey of VCs in Brussels will capture how the city is faring, and what changes are being wrought amongst investors by the coronavirus pandemic. (Please note, if you have filled the survey out already, […]
techcrunch - 20 hours ago
Google removes 3 Android apps for children, with 20M+ downloads between them, over data collection violations - techcrunch

Google removes 3 Android apps for children, with 20M+ downloads between them, over data collection violations

When it comes to apps, Android leads the pack with nearly 3 million apps in its official Google Play store. The sheer volume also means that sometimes iffy apps slip through the cracks. Researchers at the International Digital Accountability Council (IDAC), a non-profit watchdog based out of Boston, found that a trio of popular and […]
techcrunch - 22 hours ago
Huawei reports slowing growth as its operations “face significant challenges” - techcrunch

Huawei reports slowing growth as its operations “face significant challenges”

Huawei announced earnings results today showing that its growth has slowed significantly this year as the Chinese telecom equipment and smartphone giant said its “production and operations face significant challenges.” While Huawei did not specify trade restrictions in its brief announcement, the company has been hit with a series of commercial trade restrictions by the […]
techcrunch - 1 day ago
Nordic challenger bank Lunar raises €40M Series C, plans to enter the ‘buy now, pay later’ space - techcrunch

Nordic challenger bank Lunar raises €40M Series C, plans to enter the ‘buy now, pay later’ space

Lunar, the Nordic challenger bank that started out life as a personal finance manager app (PFM) but acquired a full banking license in 2019, has raised €40 million in Series C funding from existing investors. The injection of capital follows a €20 million Series B disclosed in April this year and comes on the back […]
techcrunch - 1 day ago
France rebrands contact-tracing app in an effort to boost downloads - techcrunch

France rebrands contact-tracing app in an effort to boost downloads

Don’t call it StopCovid anymore. France’s contact-tracing app has been updated and is now called TousAntiCovid, which means ‘everyone against Covid’. The French government is trying to pivot so that it’s no longer a contact-tracing app — or at least not just a contact-tracing app. Right now, TousAntiCovid appears to be a rebranding more than […]
techcrunch - 1 day ago
India’s Flipkart buys over $200 million stake in Aditya Birla Fashion and Retail - techcrunch

India’s Flipkart buys over $200 million stake in Aditya Birla Fashion and Retail

Flipkart is acquiring a 7.8% stake in Aditya Birla Fashion as the Walmart-owned Indian e-commerce firm makes further push into the fashion category in one of the world’s largest retail markets. The e-commerce group will pay $203.8 million for its stake in Aditya Birla Fashion and Retail, a conglomerate that operates over 3,000 stores including […]
techcrunch - 1 day ago
Senate subpoenas could force Zuckerberg and Dorsey to testify on New York Post controversy - techcrunch

Senate subpoenas could force Zuckerberg and Dorsey to testify on New York Post controversy

The Senate Judiciary Committee voted in favor of issuing subpoenas for Facebook’s Mark Zuckerberg and Twitter’s Jack Dorsey Thursday, meaning that there might be two big tech CEO hearings on the horizon. Republicans in the committee declared their interest in a hearing on “the platforms’ censorship of New York Post articles” after social networks limited […]
techcrunch - 1 day ago
Representatives propose bill limiting Presidential internet ‘kill switch’ - techcrunch

Representatives propose bill limiting Presidential internet ‘kill switch’

A pair of U.S. Representatives — one from each party — are proposing a law that would limit the President’s ability to shut down the internet at will. That may not strike you as an imminent threat, but federal police disappearing protestors into unmarked vans probably didn’t either, until a couple months ago. Let’s keep […]
techcrunch - 1 day ago
Quibi says it will shutdown in early December - techcrunch

Quibi says it will shutdown in early December

Quibi is shutting down — we know that much for sure. But when? If you’re looking to blast through all 25 episodes of the Reno 911 revival series before Quibi calls its quits, how long do you actually have? While it seems even Quibi isn’t 100% certain yet, they’ve at least now given users a […]
techcrunch - 1 day ago
Extra Crunch Partner Perk: Get 6 months free of Zendesk Support and Sales CRM - techcrunch

Extra Crunch Partner Perk: Get 6 months free of Zendesk Support and Sales CRM

We’re excited to announce an update to the Extra Crunch Partner Perk from Zendesk. Starting today, annual and two-year Extra Crunch members that are new to Zendesk, and meet their startup qualifications, can now receive six months of free access to Zendesk’s Sales CRM, in addition to Zendesk Support Suite, Zendesk Explore and Zendesk Sunshine. […]
techcrunch - 1 day ago
Daily Crunch: Facebook Dating comes to Europe - techcrunch

Daily Crunch: Facebook Dating comes to Europe

Facebook’s dating feature expands after a regulatory delay, we review the new Amazon Echo and President Donald Trump has an on-the-nose Twitter password. This is your Daily Crunch for October 22, 2020. The big story: Facebook Dating comes to Europe Back in February, Facebook had to call off the European launch date of its dating […]
techcrunch - 1 day ago
Here’s why Intel’s stock just dropped 10% after reporting earnings - techcrunch

Here’s why Intel’s stock just dropped 10% after reporting earnings

The third-quarter earnings cycle is just getting underway, but we’ve already seen a few companies post numbers that investors did not like. Netflix missed on several metrics yesterday and was punished, and today Intel is joining the video streaming giant in stock-market purgatory. Intel shares are off around 10% in after-hours trading after the chip […]
techcrunch - 1 day ago
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techcrunch
Steven Yang and Sonny Vu discuss COVID-19’s impact on tech manufacturing

Steven Yang and Sonny Vu discuss COVID-19’s impact on tech manufacturing

techcrunch - 1 month ago

Like most of the rest of the world, COVID-19 hit the manufacturing sector by surprise. That China which continues to comprise the vast majority of electronics manufacturing was the first global epicenter of the virus certainly didnt help the industry sufficiently brace for the impact of a pandemic on a scale the world has not seen for more than a century.

Nobody had a great reaction, Anker founder and CEO Steven Yang concedes during our Disrupt interview. I think this all caught us by surprise. In our China office, everybody was prepared to go on vacation for the Chinese New Year. I think the first reaction was that vacation was prolonged the first week and then another several days. People were just off work. There wasnt a determined date for when they could come back to work. That period was the most concerning because we didnt have an outlook. They had to find certainties. People had to work from home and contact supplies and so forth. That first three to four weeks was the most chaotic.

The impact of the earliest days of the pandemic continues to have knock-on effects that have sent shockwave throughout the global hardware industry. In early 2020, it was easy enough for many throughout the globe to write off the novel coronavirus as the latest in a string of outbreaks that didn’t move too far beyond select pockets. Ultimately, however, it would bring much of the world to a screeching halt.

Manufacturing, in particular, suffered first from a workplace depletion. Soon,  the hamstringing of its supply was outpaced in lowered demand. Economic recessions and skyrocketing unemployment have and in many sectors continue to torpedo consumer demand for a number of electronics. While its true that some categories  like PCs ultimately benefited for the shift in lifestyles, an overall decreasing in disposal income has had a profound impact on the industry.

On the manufacturing side, COVID-19 has served to propel existing trends. I feel like its accelerated this depolarization to some extent, Arevo CEO Sonny Vu explains. Were seeing across the board soft goods, hardware. Vu, who spends much of his time in Ho Chi Minh, Vietnam, notes that the advent of COVID-19 has increased the appeal of manufacturing sites outside of China. Areas like South East Asia and India, which are continuing to increase in popularity as manufacturing hot beds, are becoming increasingly appealing for those looking to diversify sites to help prepare for similar issues in the future.

Robotics and automation is an other key category seeing increased potential acceleration, as manufacturers look toward streamline processes that cant call in sick or increase transmission of human viruses.

Its our firm belief that automation will not only be efficient, but effective. We have invested heavily in robotic automation, says Yang. Its to a certain point because if you were to take a certain wire and push it through a hole, the cost of a robot that does that is still, I dont know, 20 years of a single workers salary. Its very challenging to take an entire assembly line and replace it with robots.

sauce: techcrunch
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