The move, which would entail significant capacity build-up at Apple’s India partners, comes in the backdrop of a US-China trade standoff that threatens the company’s long-standing supply chain balance. China currently accounts for 80% of all iPhone manufacturing for Apple, according to data from market researcher International Data Corporation (IDC), and India has 10% share. Earlier on Friday, a report…
Never mind that applying selective tariffs violates the Most Favoured Nation (MFN) rules of the World Trade Organization (WTO). If someone raises an objection, WTO’s dispute resolution mechanism is expected to deal with it. But that mechanism is broken partly because the US has blocked appointments to its appellate body. If pushed further, it is…
To be sure, progress on India’s FTA with the European Union has not been insubstantial. Both sides have committed themselves to signing it by the end of this calendar year. When it happens, it will be the world’s largest deal of its kind. A trade pact between both sides will not just strengthen our trade…
The HSBC India manufacturing PMI dropped to 56.3 in February from 57.7 in January. Last month’s reading is the lowest in 14 months. Local demand seems to have cooled, which led order books filling up with less vigour. Also Read: Wrong target: Why should an AI workflow tracker evoke outrage? On the brighter side, overseas…
Mr Pichai is not alone. New Street Research, a firm of analysts, estimates that Alphabet, Amazon, Meta and Microsoft will together splurge $104bn on building AI data centres this year. Add in spending by smaller tech firms and other industries and the total AI data-centre binge between 2023 and 2027 could reach $1.4trn. The scale…
