Facebook employees based in china and those who

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Facebook Employees based in China and those who recently returned from trips to the country are also being told to work from home. McDonald’s Corp. The fast-food giant, which had about 3,000 stores in China at the end of 2018, temporarily closed locations across five cities of the Hubei province due to the virus, including Wuhan. The Chicago-based company is taking extra preventative measures in the rest of the country, including taking the temperature of workers upon arrival and giving out hand sanitizers to diners.
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IMPACT INSIGHTS January 2020 Electronic Components Industry Association 678-393-9990 310 Maxwell Road, Suite 200, Alpharetta, GA 30009 Starbucks Corp. The Seattle- based chain, with about 4,100 cafes in China, also said it’s closing some locations, without providing more details. Semiconductor Companies Available information on the potential semiconductor impact focuses on two memory companies in Wuhan. Given their relative size their influence on the market and competitors is limited. Chip-related stocks fell at a faster rate than the broader market Monday, January 27th. But analysts contend that the outbreak could have a positive effect for some non- Chinese semiconductor companies. Shareholders seem concerned that Western semiconductor companies in any way linked to the manufacturing output in Wuhan, and China as a whole, will be affected financially by the mass quarantining. Any significant closure of factories and restrictions on businesses, shipping, and travel in the Middle Kingdom affect supply chains globally, after all. The PHLX Semiconductor Index (SOX) sank 3.9% to close at 1,848.86, for its worst day since Aug. 23, when the index fell 4.4%. The index closed at a record high of 1,945.37 on Thursday. In comparison, both the Dow Jones Industrial Average (DJIA) and the S&P 500 index (SPX) closed down 1.6%, and the tech-heavy Nasdaq Composite Index (COMP) declined 1.9%. From an investment standpoint, the coronavirus and the subsequent quarantining of Wuhan, China, poses a possible benefit to U.S. memory chip companies like Micron Technology Inc. and Western Digital Corp. Analysts noted that the outbreak will likely upset operations at Wuhan-based Yangtze Memory Technologies Co. and Wuhan Xinxin Semiconductor Manufacturing Corp., Chinese rivals to those memory manufacturers. Yangtze Memory Tec hnologies is “China’s leading NAND flash memory producer,” Cowen analyst Krish Sankar wrote in a note. “While the Lunar holiday period is typically a slower time for business activity, the likely extended period of time to address the coronavirus and (more importantly) save lives could affect manufacturing activity at Yangtze Memory and potentially other fabs throughout China if the delivery of supplies and new fab tools is hindered or temporarily halted,” Sankar wrote. Economic Impact While the technology sector was spooked along with the rest of the stock market, the analysis below presents a relatively optimistic outlook.
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  • Fall '19
  • People's Republic of China, Severe acute respiratory syndrome

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