Intel Corp said on Wednesday it was increasing its reliance on contract chip manufacturers to ramp up supply of chips used in personal computers as the company struggles with shipment delays amid higher demand. Intel said supply remained "extremely tight" even though it has expanded its manufacturing capacity and increased second-half PC chip supply by double digits compared with the first half. Intel had said in October that demand in the PC business was outstripping its ability to add capacity and it was considering outside chip makers....
(Bloomberg) -- U.S. President Donald Trump, touring an Apple Inc. assembly plant in Texas, said he’s “looking at” exempting the iPhone maker from tariffs on goods imported from China.Trump made the remarks Wednesday alongside Apple Chief Executive Officer Tim Cook at a Flex Inc. facility in Austin, Texas, that is manufacturing Apple’s new Mac Pro desktop computer. Trump repeated previous comments he’s made that it isn’t fair for Apple to be taxed on iPhones built in China given that South Korean rival Samsung Electronics Co. doesn’t have to pay the China import duties.“The problem we have is you have Samsung -- it’s a great company but it’s a competitor of Apple and it’s not fair if -- because we have a trade deal with Korea, we made a great trade deal with South Korea, but we have to treat Apple on a somewhat similar basis as we treat Samsung.”While Apple was...
Prime Minister Scott Morrison said on Thursday it was up to the board of Westpac Banking Corp to decide whether Chief Executive Brian Hartzer should resign in the wake of Australia's biggest money laundering scandal. Financial crime watchdog AUSTRAC began legal action on Wednesday, accusing Westpac of 23 million breaches of anti-money laundering laws and seeking fines of up to A$21 million ($14 million) for every transaction Australia's second largest bank failed to monitor adequately or report on time. The allegations included money transfers involving child exploitation....
While DC was rocked earlier today with Ambassador Sondland's testimony during the impeachment hearings, Trump took the escape hatch out to Austin, Texas to visit Apple's manufacturing plant and meet with Apple CEO Tim Cook....
French luxury group LVMH has persuaded U.S. jewelry chain Tiffany & Co to provide it with confidential due diligence after it raised its bid to close to $16 billion, people familiar with the matter said on Wednesday. The development represents a key milestone in LVMH's bid for the iconic U.S. maker of engagement rings. Tiffany earlier this month rebuffed LVMH's initial $120-per-share all-cash offer, arguing it significantly undervalues it....
Webasto has announced a new modular battery system for commercial and automotive electric vehicle applications as well as thermal management and charging solutions. ...
