Apple Inc. on Tuesday said it has entered a multi-billion-dollar deal with chipmaker Broadcom Inc. to use chips made in the United States. Under the multi-year deal, Broadcom will develop 5G radio frequency components with Apple that will be designed and built in several U.S. facilities, including Fort Collins, Colorado, where Broadcom has a major…
NTD Business (April 7): JPMorgan Discrimination Probe up for Vote; IRS Pledges More Audits of Wealthy
April 7, 2023
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Is the U.S. labor market starting to cool? The U.S. economy added 236,000 jobs in March—lower than February numbers. An economic analyst tells us that moderation is the theme of the day. The IRS releases details on how it plans to use $80 billion in new funding for improved operations. It is pledging more audits…
Investigation Reveals ‘Revolving Door’ of DOJ, Big Tech Employees
March 27, 2023
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In the midst of an ongoing lawsuit against the Biden administration alleging collaboration with social media companies to censor Americans, a new report has detailed the extent to which former Justice Department (DOJ) employees are now working at Big Tech firms. The American Accountability Foundation (AAF) investigated the resumes of recent hires and found that…
Apple Looses $1 Trillion in Market Value in a Year
January 4, 2023
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Apple has lost $1 trillion in market value over the last year, as the tech company faces its worst decline in months. The tech giant’s market cap dipped below $2 trillion on Jan. 3 for the first time since May 2021, one year to the day after it became the first publicly traded Silicon Valley company to…
Apple Loses $1 Trillion in Market Value in a Year
January 4, 2023
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Apple has lost $1 trillion in market value over the last year, as the tech company faces its worst decline in months. The tech giant’s market cap dipped below $2 trillion on Jan. 3 for the first time since May 2021, one year to the day after it became the first publicly traded Silicon Valley company to…
TSMC Surpasses Tencent as Highest Value Company in Asia, as Top Chinese Firms Drop From Global 500 Ranking
December 19, 2022
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Top Chinese companies have tumbled in market cap, with 12 firms dropping out of the 2022 Hurun Global 500, a list of the 500 most-valued, non-state-owned firms in the world. According to the 2022 report released by the Shanghai-based Hurun Research Institute on Dec. 9, the United States leads the world with a total of 260…
TSMC to Open Second Chip Plant in Arizona, Boosting Investment to $40 Billion
December 6, 2022
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The world’s largest contract chipmaker is opening a second fabrication plant in Arizona to produce advanced semiconductor technology, as the U.S. government seeks to shore up America’s chipmaking supply chain. Taiwan Semiconductor Manufacturing Co. (TSMC), a major supplier to Apple, announced today that the second fabrication plant (or “fab”) will bring the company’s total investment…
Taiwan Experts Weigh in on TSMC’s Plan to Bring Leading-Edge 3Nm Chip Tech to US
December 1, 2022
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Taiwan Semiconductor Manufacturing Co. (TSMC)—the world’s most advanced contract chipmaker—is bringing its leading-edge 3-nanometer chip production process to its upcoming new plant in the U.S. state of Arizona, the company’s founder, Morris Chang, said on Nov. 2. But Chang’s statement has drawn concerns and criticism that the move would affect the core competitiveness of Taiwan’s…
Apple Adjusts Global Supply Chain, Shifting Production from China to India
November 22, 2022
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Amid economic and policy uncertainty in China, the bulk of Apple’s manufacturing is shifting to India. Many suppliers in Apple’s Chinese supply chain have either stopped recruiting or are laying off workers, while Apple’s contract manufacturers in India are furiously hiring. In Shanghai, Pegatron, the second-largest contract manufacturer of Apple in China (after Foxconn) and…
Apple Exec Deletes Twitter Account but Tech Giant, CEO Still Active on Platform
November 21, 2022
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Apple Inc.’s Twitter account remains online and CEO Tim Cook continues to post on his Twitter account, quelling speculation that the tech giant will remove the platform from its App Store, which would dramatically restrict iPhone access to the site. Apple Fellow Phil Schiller, who leads Apple’s App Store and Apple Events, deactivated his Twitter…
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