Yahoo Finance tech editor Dan Howley explains why Apple is pushing back its self-driving EV until 2026, along with the company loosening its App Store pricing rules.
(Bloomberg) -- Mobile industry bellwether Murata Manufacturing Co. expects Apple Inc. to reduce iPhone 14 production plans further in the coming months because of weak demand, which would force the supplier to again cut its outlook for its handset-component business.Most Read from BloombergTrump Companies Are Convicted in NY Criminal Tax Fraud Trial‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernEx-Deutsche Bank Trader Builds $6 Billion Fortune on Trading BoomWorld Economy
Taiwan Semiconductor Manufacturing Company will more than triple its investment in the US state of Arizona to $40bn, as the world’s largest contract chipmaker steps up diversification of its production facilities on geopolitical tensions and pressure from customers. TSMC is investing $12bn into construction of a fabrication plant, or “fab”, in Arizona designed to make chips with notional 5 nanometre circuit widths — the so-called N5 generation, which will have fallen behind the most advanced type by the time the fab opens in 2024. TSMC also said that it intends to make N4 chips, a slightly more advanced level, in the fab originally intended for the N5 version.