New Import Tariffs Could Rise iPhone Cost to $2,300 in US
The cost of Apple’s iPhone 16 smartphones in the US could rise to $2,300 for the older models after US President Donald Trump imposed large import duties. The production of…
China mirrors Trump’s tariffs by slapping 34% tariff on US goods
Chinese authorities have decided to impose tariffs of 34% on goods from the United States. This was done in response to a similar move by the United States, which was…
China mirrors Trump’s tariffs by slapping 34% tariff on US goods
Chinese authorities have decided to impose tariffs of 34% on goods from the United States. This was done in response to a similar move by the United States, which was…
China’s SMIC Ends Year With Record Revenue, But Profits Nearly Halve
China’s largest contract chipmaker SMIC released its annual report this week, reporting a 27% increase in revenue for the period to a record $8 billion, but a 45.4% drop in…
Demand for high-priced startups has skyrocketed this year
The first quarter of the current calendar year has not yet ended, and the total amount of announced deals for the sale of startups worth more than $1 billion has…
Xiaomi Reports Record $50 Billion Annual Revenue, Helped by Expensive Smartphones and Electric Cars
Xiaomi has announced its financial results for the fourth quarter and full year 2024. Last year, the company posted revenue of 365.9 billion yuan ($50.5 billion), a record for the…
Siri AI Failure Threatens Apple With Big, Long-Term Losses
The news that the release of an updated version of the Siri voice assistant will be delayed for another year could cost Apple dearly. iPhone sales growth is slowing, and…
Chinese authorities will allocate $55 billion this year to finance advanced developments
The new US government has not yet determined the fate of the $53 billion, five-year program for subsidizing the national semiconductor industry, adopted by its predecessors. At the same time,…
Foxconn Reports 13% Quarterly Profit Drop, But AI Hype Will Fix It
The world’s largest contract electronics manufacturer Foxconn is optimistic about 2025, forecasting strong revenue growth in the first quarter despite an unexpected 13% decline in profit in the fourth quarter…
China’s Naura Becomes World’s Sixth-Largest Chip Machine Maker
The efforts of Chinese chip manufacturers to replace imports are now often hampered by the lack of a sufficient range of equipment available to them. The Chinese manufacturer Naura Technology,…