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Apple seals $30B Broadcom pact to mass-produce US-made chips as Cook winds down
technology6 days ago

Apple seals $30B Broadcom pact to mass-produce US-made chips as Cook winds down

Tim Cook announced a multi-year, over-$30 billion deal with Broadcom to produce more than 15 billion US-made chips through 2031, expanding Broadcom’s Fort Collins, Colorado facility and reinforcing domestic chip supply as Apple leans into its American Manufacturing Program amid rising memory costs and iPhone supply constraints. Cook, who will step down on Sept. 1, 2026 to become executive chairman, hands the reins to John Ternus, signaling a shift toward securing critical wireless silicon for Apple’s devices and future AI-driven chips.

via 24/7 Wall St.|
#apple#broadcom#semiconductors
Apple bets $30B on U.S.-made Broadcom chip design
business6 days ago

Apple bets $30B on U.S.-made Broadcom chip design

Apple announced a $30 billion plan to design Broadcom-made wireless chips in the United States, part of a broader push to onshore more of its supply chain. The deal will enable the production of about 15 million chips in the U.S., and Broadcom will invest $1.5 billion to expand and modernize its Fort Collins, Colorado facilities. The move diversifies Apple’s chip sourcing away from Taiwanese makers amid tariff pressures and the AI boom, supporting domestic chip production under its American Manufacturing Program while aiming to shield customers from price increases.

via CNN|
#apple#broadcom#business
US manufacturing payrolls shrink at fastest pace since the pandemic, PMI shows
economy21 days ago

US manufacturing payrolls shrink at fastest pace since the pandemic, PMI shows

June US manufacturing employment fell at the fastest monthly pace since May 2020, with the S&P Global US Flash PMI’s employment index dropping to 47 from 51.6 in May, signaling contraction even as output grows. Firms cite elevated input costs and policy uncertainty tied to tariffs and the Iran conflict, and overall factory jobs have declined by about 77,000 since the start of Trump’s second term; energy prices easing has cooled some input costs, but concerns persist for manufacturers.

via Financial Times|
#economy#pmi#sandp-global
Trump Claims Apple-Intel Pact to Bring US Chipmaking Home
technology27 days ago

Trump Claims Apple-Intel Pact to Bring US Chipmaking Home

Trump asserted on Truth Social that Apple and Intel have closed a deal to design and manufacture chips in the United States, though neither company has confirmed the news; prior reporting described a preliminary agreement for Intel to produce Apple processors at U.S. fabs in Oregon, Arizona, and Ohio, with TSMC remaining a major supplier. Production tests were expected in 2026 with full production later, and the US government reportedly holds a 10% stake in Intel tied to CHIPS Act funding.

via Engadget|
#apple#chips#intel
Trump Phone’s US-made claim meets a reality check
tech1 month ago

Trump Phone’s US-made claim meets a reality check

The Verge reports that the Trump Mobile T1 Phone isn’t actually made in the USA—it's reportedly assembled there with most components sourced abroad, and the FTC’s strict ‘made in USA’ rules require significant domestic processing. Industry sources say the U.S. lacks the necessary manufacturing infrastructure, equipment, and affordable labor for mass smartphone production today, making a fully domestic build unlikely in the near term, though the company has floated a gradual path toward more U.S.-made components in the future.

via The Verge|
#ftc#made-in-usa#t1-phone
FCC grants Netgear a temporary import pass for future routers, sparking manufacturing questions
policy3 months ago

FCC grants Netgear a temporary import pass for future routers, sparking manufacturing questions

The FCC granted Netgear a conditional, temporary approval to import its future consumer routers, modems, and gateways into the United States through October 1, 2027, citing a Pentagon finding that these devices do not pose a national-security risk—despite the broader router ban targeting foreign-made hardware. The approval hinges on a detailed US-manufacturing plan that Netgear has not publicly disclosed, and the company’s SEC filings do not confirm such a commitment; Verge has asked both Netgear and the FCC for clarification.

via The Verge|
#fcc#national-security#netgear
Farley warns Chinese cars entering the U.S. would devastate American manufacturing
business3 months ago

Farley warns Chinese cars entering the U.S. would devastate American manufacturing

Ford CEO Jim Farley warned in a Fox & Friends interview that Chinese automakers entering the U.S. market would be devastating for American manufacturing, calling manufacturing the heart and soul of the country and saying Chinese exports could erode it; he also cited data privacy and cybersecurity risks from vehicles with multiple cameras and noted that tariffs have effectively kept Chinese EVs out of the U.S. to date.

via Business Insider|
#business#chinese-cars#ford
Toyota bets on U.S. production with $1B investment in Kentucky and Indiana
business3 months ago

Toyota bets on U.S. production with $1B investment in Kentucky and Indiana

Toyota said it will commit $1 billion at two U.S. plants—$800 million to expand Camry and RAV4 output in Georgetown, Kentucky, and $200 million to boost Grand Highlander capacity in Princeton, Indiana—as part of a broader plan to invest up to $10 billion in U.S. production through 2030, highlighting a strategy to build where it sells amid tariff and regulatory headwinds.

via CNBC|
#business#georgetown-kentucky#investment
Apple Expands U.S. Mac mini Assembly in Houston
technology4 months ago

Apple Expands U.S. Mac mini Assembly in Houston

Apple says Foxconn will begin assembling some Mac mini units at a Houston, Texas plant later this year as part of a broader push to expand U.S. manufacturing, including investing up to $600 billion domestically by 2029. U.S.-built Mac minis will primarily serve the domestic market while production for overseas orders continues in Asia. Apple is also expanding AI server manufacturing in Houston and opening an Advanced Manufacturing Center to train workers.

via MacRumors|
#apple#foxconn#houston
Trump Bets Big on U.S. Rare-Earths With $1.6B Investment
business5 months ago

Trump Bets Big on U.S. Rare-Earths With $1.6B Investment

The Trump administration announced up to $277 million in direct funding and up to $1.3 billion in loans to USA Rare Earth to bolster domestic supply chains for rare earth minerals and magnets, taking about 16 million shares plus a warrant for 17.6 million more as part of broader government equity stakes in private firms. The effort, aiming to reduce China’s dominance in critical materials, includes a Texas mine slated for 2028 and an Oklahoma magnetics project, and comes amid scrutiny over Cantor Fitzgerald’s ties to Commerce Secretary Lutnick.

via The New York Times|
#business#cantor-fitzgerald#commerce-department
VW weighs scrapping US Audi plant over tariff costs
business5 months ago

VW weighs scrapping US Audi plant over tariff costs

Volkswagen is considering abandoning its plan for a major Audi factory in the United States due to President Donald Trump’s automotive tariffs, with the CEO citing a $2.5 billion hit in the first nine months of 2025 and a 45% drop in German investment in the US in 2025 as duties took hold, amid continued trade uncertainty and potential new levies.

via Semafor|
#audi#business#tariffs
GM Moves Buick Envision Production Back Home to Kansas City for U.S. Market
business5 months ago

GM Moves Buick Envision Production Back Home to Kansas City for U.S. Market

GM will shift the Buick Envision’s successor from China to Fairfax Assembly in Kansas City for vehicles sold in the United States, starting in 2028, while models for other markets could still be produced in China. GM says the move strengthens its domestic manufacturing footprint amid tariffs on imports and a push to boost U.S. jobs, noting previous investments and related plant expansions (such as Equinox production in Kansas City). Tariffs on foreign-made cars have been around 25% in recent years.

via CBS News|
#buick-envision#business#gm
US Hits AI Chips with 25% Tariff in Bid to Build Domestic Chip Industry
business6 months ago

US Hits AI Chips with 25% Tariff in Bid to Build Domestic Chip Industry

The White House announced a 25% tariff on select high-end AI chips under a Section 232 national-security order to spur domestic semiconductor production and reduce reliance on foreign suppliers. The measure excludes chips and derivatives for U.S. data centers, startups, non-data-center consumer applications, and some public-sector uses, with Commerce Secretary discretion for further exemptions and hints of broader tariffs on semiconductors in the future.

via Reuters|
#ai-chips#business#data-centers