Apple is holding exploratory talks with Intel and Samsung about chip manufacturing to reduce its heavy reliance on Taiwan Semiconductor Manufacturing Company (TSMC). While TSMC is the leading chipmaker producing Apple's processors, dependence on a single supplier poses risks, especially amid chip shortages and geopolitical tensions around Taiwan. Apple is not planning an immediate shift but aims to build alternative supply options for future resilience. This move could also impact the chipmaking industry by boosting Intel and Samsung's foundry businesses in the US, supported by government initiatives like the CHIPS Act.
Apple will launch a new leasing program called Apple Upgrade on July 28, replacing its existing iPhone Upgrade Program. Unlike the previous financing plan, Apple Upgrade is a leasing service backed by Klarna and excludes AppleCare. The program offers...
Apple surpassed Nvidia to become the world's most valuable company for the first time since April 2025, with a market cap of $4.95 trillion compared to Nvidia's $4.77 trillion. Nvidia's shares fell 5% due to investor concerns over high AI-related cos...
Apple regained its position as the world's most valuable publicly traded company, surpassing Nvidia with a market valuation of $4.9 trillion. This shift was driven by a 1% rise in Apple's stock and a nearly 5% drop in Nvidia's shares amid concerns ov...
Dow futures surged over 500 points Monday as crude oil prices fell sharply, easing pressure on stocks after weeks of volatility. Investors await the Federal Reserve's rate decision on Wednesday and earnings reports from major tech firms like Amazon, ...
US stock futures point to a strong start with Dow Jones up 1.1%, S&P 500 up 0.9%, and Nasdaq up 1.5%, driven by a sharp 6.3% drop in oil prices following a pause in US-Iran military actions. Although no official ceasefire is declared, Iran has agreed...
