Apple bets on India to counter US-China trade spat, eyes 50 mn iPhones by 2028

[ad_1] 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…

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Can Democrats and Big Tech Get Back Together?

[ad_1] (Bloomberg Opinion) — Despite the various frictions, America’s technology sector did pretty well during Joe Biden’s presidency — and despite the various warnings about his mercurial opponent, many tech executives supported Donald Trump in his 2024 campaign. After his victory, even more rushed to Trump’s side, with Meta founder and CEO Mark Zuckerberg going…

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Senate confirms Howard Lutnick as commerce secretary, a key role for Trump’s trade agenda

[ad_1] WASHINGTON — The Senate confirmed wealthy financier Howard Lutnick as commerce secretary Tuesday, putting in place a staunch supporter of President Donald Trump’s hardline trade polices. At the Commerce Department, Lutnick, who was CEO at the investment firm Cantor Fitzgerald, will oversee 50,000 employees who do everything from collecting economic statistics to running the…

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