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Teradyne Reports Fourth Quarter and Fiscal Year 2020 Results

2.86 NORTH READING, Mass., Jan. 27, 2021 (GLOBE NEWSWIRE) Teradyne, Inc. (NASDAQ:TER) reported revenue of $759 million for the fourth quarter of 2020 of which $524 million was in Semiconductor Test, $104 million in System Test, $40 million in Wireless Test and $92 million in Industrial Automation (IA). GAAP net income for the fourth quarter was $196.3 million or $1.05 per diluted share. On a non-GAAP basis, Teradyne s net income in the fourth quarter was $193.2 million, or $1.10 per diluted share, which excluded pension actuarial losses, acquired intangible asset amortization, restructuring and other charges, non-cash convertible debt interest, and included the related tax impact on non-GAAP adjustments. Stronger than expected growth at Universal Robots drove Q4 sales and profits above guidance and capped an extraordinary year for Teradyne, said CEO and President Mark Jagiela. For the full year, company sales grew 36% and non-GAAP earnings per share 62%, the seventh consecut

New Blocking Rules Adopted in China May Force Companies To Choose Between US or China Law | Skadden, Arps, Slate, Meagher & Flom LLP

To embed, copy and paste the code into your website or blog: On January 9, 2021, China’s Ministry of Commerce (MOFCOM) issued Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures (Blocking Rules), effective immediately. The Blocking Rules (i) establish a means by which Chinese companies damaged by unilaterally imposed trade restrictions from the U.S. (or other countries) may seek redress, and (ii) give China the ability to unilaterally nullify the effects of such restrictions for its citizens. Such nullification will set up a potential future conflict for companies outside the U.S. or China (so called third-jurisdiction companies or citizens), which may find themselves in the unenviable position of having to choose between following U.S. or Chinese law where the two directly conflict.

Trump designates Xiaomi as Communist Chinese military company

Blue sUAS companies on Unmanned Leadership Forum

December 22, 2020 The next Unmanned Leadership Forum, held January 21, 2021 at 1:00 PM EST will feature leadership from Blue sUAS companies. The Blue sUAS companies have been a hot topic since the list of five “trusted” drone solutions was released by the U.S. Department of Defense.  Now, industry leader Randall Warnas of FLIR will meet with the heads of Skydio, Parrot, Altavian, Teal and Vantage Robotics to discuss their roles in the next phase of the unmanned industry. The Blue sUAS companies will be represented by Skydio CEO Adam Bry, Parrot Chief Sales and Operating Officer Chris Roberts, Teal Drones Founder and CEO George Matus, Altavian CEO and Co-Founder Thomas Rambo, and Vantage Co-Founder and CEO Tobin Fisher.

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