IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing
Ashley Capoot April 28th, 2025 CNBC • IBM announced a $150 billion investment in the U.S. over the next five years. • The funds include $30 billion to advance American manufacturing of its mainframe and quantum computers. • The company announced the z17 artificial intelligence mainframe earlier this month. International Business Machines Corporation on Monday […]
Amazon and Nvidia say AI data center demand is not slowing down
By Spencer Kimball@SPENCEKIMBALL Amazon and Nvidia executives said they only see power demand rising due to artificial intelligence. Kevin Miller, Amazon’s vice president of global data centers, said the tech company’s data center plans have not changed significantly. “We haven’t seen a pullback,” said Josh Parker, Nvidia’s senior director of corporate sustainability. OKLAHOMA CITY — […]
TSMC shows off new tech for stitching together bigger, faster chips
SANTA CLARA, California, April 23 (Reuters) – Taiwan Semiconductor Manufacturing Co (2330.TW), opens new tab on Wednesday unveiled technology for making faster chips and putting them together in dinner-plate-sized packages that will boost performance needed for artificial intelligence applications. It said its A14 manufacturing technology will arrive in 2028 and will be able to produce processors that […]
Nvidia supplier SK Hynix logs bumper Q1, sees limited tariff impact on AI chips
SEOUL, April 24 (Reuters) SK Hynix (000660.KS), opens new tab, a key supplier of high-bandwidth memory processors to Nvidia (NVDA.O), opens new tab, said quarterly profit more than doubled and demand for AI chips was so robust that it expects only limited impact on those products from potential U.S. tariffs. Washington has launched an investigation into semiconductor imports, […]
Trump Is Everywhere Except in the Economic Data
By Greg Ip April 20, 2025 The Wall Street Journal Fears that tariffs, spending cuts, deportations would lead to recession and inflation have yet to show up in the numbers. Imagine you didn’t follow the news or social media and watched the world only through economic data. You would not have guessed the White House […]
Trump Says He’s Confident of EU Trade Deal But in ‘No Rush’
Summary by Bloomberg AI President Donald Trump expects to reach a trade deal with the European Union, but is in no hurry to finalize an agreement to reduce tariffs. Trump said he fully expects a trade deal, but it will be a fair deal, and indicated that other nations would need to make concessions. Italian […]
What the Weak Dollar Means for the Global Economy
By Chelsey Dulaney and Alistair MacDonald April 16, 2025 The Wall Street Journal The unexpected weakening of the U.S. dollar is suddenly becoming the rest of the world’s problem. For foreign sellers of all manner of goods, including cars, cognac and Scottish tweed, the dollar’s steep slide is a double whammy, compounding losses caused by […]
Big Banks Show Consumers Remained Resilient Heading Into Tariff Turmoil
Consumer sentiment has fallen since Trump’s ‘Liberation Day’ announcement Ben Glickman and Alexander Saeedy April 15, 2025 The Wall Street Journal Americans say they are getting worried about the economy and inflation, but banks say they aren’t acting like it yet. Bank of America and Citigroup said Tuesday consumer spending ticked higher in the first […]
Foxconn could make all US iPhones outside of China if needed, says company
‘We can help Apple respond to its needs in the US market’ By Jon Porter June 11 2019 Jon Porter is a reporter with five years of experience covering consumer tech releases, EU tech policy, online platforms, and mechanical keyboards. A senior Foxconn executive says that the company could move production of all iPhones destined […]
Trump Exempts Phones, Computers, Chips From ‘Reciprocal’ Tariffs
Summary by Bloomberg AI The Trump administration exempted smartphones, computers, and other electronics from reciprocal tariffs, potentially reducing sticker shock for consumers and benefiting electronics giants like Apple and Samsung. The exclusions apply to popular consumer electronics items not made in the US, such as smartphones, laptop computers, and computer processors, as well as machines […]