IPhone Maker Hon Hai Profit Beats, Easing Supply-Chain Fears

The maker of most of the world's iPhones posted a profit that beat estimates as demand for its cloud products helped it weather supply-chain snarls and sluggish smartphone demand. The company has been navigating component shortages, patches of weakness in the economy and Covid-related logistics bottlenecks in China.
#iPhone #Covid #China #ComputersElectronics #News


3 hours ago

Biden: US President Joe Biden signs bill to boost American chips, compete with China

The bill provides $52.7 billion in subsidies for US semiconductor production and research. It also includes a 25 percent investment tax credit for chip plants, estimated to be worth $24 billion.
#JoeBiden #American #China #News #BusinessIndustrial


2 days ago

Apple iPhone 14 series launch may get delayed due to China-Taiwan tensions: Report

Apple is TSMC’s top customer, and the company ships chips to Pegatron in China, where iPhones are assembled. US House Speaker Nancy Pelosi's visit to Taiwan has put an even bigger strain on the China-Taiwan relationship. CCP has come up with new regulations forbidding any mention of “Taiwan” or “Republic of China” in shipping documents.
#NancyPelosi #Apple #iPhone #AppleiPhone14 #China #ComputersElectronics #ConsumerElectronics #InternetTelecom


3 days ago

This iPhone 14 launch leak will really worry Apple fans, set alarm bells ringing

Apple may delay the launch of the next apple iphone lineup on september 13. This may happen because of the growing tensions between China and Taiwan. The problem stems from the visit of Nancy Pelosi, the speaker of the US House of Representatives.
#NancyPelosi #Apple #iPhone14 #China #ComputersElectronics #ConsumerElectronics #News


4 days ago

Taiwan Apple Inc supplier Pegatron: No stoppage in shipments from mainland China plant

Apple Inc iPhone assembler Pegatron Corp's mainland China plant is operating normally, the company said in a statement on Friday. The iPhone maker told suppliers that China had started enforcing a long-standing rule that Taiwanese-made parts and components must be labeled as made in Taiwan, China or Chinese Taipei. Apple did not immediately respond to a Reuters request for comment.
#AppleInc #iPhone #Taiwanese #China #ComputersElectronics #ConsumerElectronics #InternetTelecom


6 days ago

Apple: Apple asks suppliers to follow China customs rules: Report

China has started enforcing a long-standing rule that Taiwanese-made parts and components must be labeled as made either in Taiwan, China or Chinese Taipei. Shipments to Pegatron's factory in china are being held for scrutiny by Chinese customs officials.
#Pegatron #Taiwanese #Chinese #China #BusinessIndustrial #News


6 days ago

Shipments to iPhone assembler Pegatron's China factory held for scrutiny after CEO met Pelosi - Nikkei

Shipments to iPhone assembler Pegatron's China factory held for scrutiny after CEO met Pelosi - Nikkei. The shipments were being checked on Thursday to see if they violated a rule against cartons carrying the words Taiwan or Republic of China, the report said, citing multiple sources familiar with the matter.
#Pelosi #Pegatron #iPhone #Nik #China #News


6 days ago

Made in India iPhone 14 to compete with Made in China iPhone 14 for the first time

Known analyst Ming-Chi Kuo in a tweet said his latest survey indicates Foxconn’s iPhone production site in India will ship the new 6.1-inch iPhone 14 almost simultaneously with China for the first time in the second half of 2022. Apple is reportedly planning to launch the iPhone 14, a.. Pro, iPhone 14 Pro, and a 6.7-inch phone 14 Pro Max in September.
#MingChiKuo #Foxconn #iPhone #iPhone14 #India #ComputersElectronics #ConsumerElectronics #InternetTelecom


6 days ago

Alibaba: Alibaba revenue growth stagnates for the first time as a result of China's lockdowns

Alibaba Group Holding Ltd. Reported flat quarterly revenue growth for the first time in its history. Company's performance was better than expected, and its shares were 4.3 percent higher in early US trading. CEO said the company saw signs of a business recovery in July, but emphasized that the following months would be a period of cost-cutting and efficiency.
#AlibabaGroupHoldingLtd #China #BusinessIndustrial #News #BusinessNews


1 weeks ago

Biden: Joe Biden to sign bill to boost chipmakers to compete with China

The bill provides about $52 billion in government subsidies for research and US production of semiconductors. It also includes an investment tax credit for chip plants estimated to be worth $24 billion. China had lobbied against the bill, calling it reminiscent of a Cold War mentality.
#ColdWar #China #News


1 weeks ago

US military might shows arrogant China its place during Pelosi's Taiwan visit

House Speaker Nancy Pelosi's visit to Taiwan has made Indo-Pacific the new theatre of war with serious military ramifications for QUAD nations. The Chinese response was essentially information warfare as conceptualized by the PLA, where the adversary is bombarded by half-truths and deterred by the extrapolated military prowess of the Chinese Communist Party through dedicated propaganda media and Twitter profiles.
#NancyPelosi #House #Chinese #Taiwan #News #Politics


1 weeks ago

Taiwan: Stocks of semiconductors under pressure as tensions with Taiwan grow

China views visit by Pelosi, second in the line of succession to the US presidency, as sending an encouraging signal to the pro-independence camp in Taiwan. Taiwan Semiconductor Manufacturing Co Ltd shares closed down 2.4 percent, while peer() fell 3 percent. Taiwan is home to the world's biggest manufacturer of semiconductors on contract.
#Pelosi #TaiwanSemiconductorManufacturingCoLtd #China #BusinessIndustrial #News #BusinessNews


1 weeks ago

Taiwan tensions raise question marks over chip supply stability - PhoneArena

Tensions between U.S., China, and Taiwan are high. Tech firms that depend on TSMC to manufacture chips include Apple, Qualcomm, Mediatek, Nvidia, Intel, AMD and more. China accounts for 10% of TSMC's revenue leading Liu to state if they need us, it's not a bad thing.
#Liu #TSMC #China #News


1 weeks ago

Who leads, who struggles in the tough Chinese smartphone market

Smartphone market continues to struggle in China, according to Counterpoint’s Market Pulse report. Sales reportedly decreased 14.2% year-on-year (YoY) in the second quarter of 2022. The last time the sales were below this point was nearly a decade ago in the Q4 2012.
#Counterpoint #Chinese #China #ComputersElectronics #ConsumerElectronics #InternetTelecom


1 weeks ago

Who leads, who struggles and more in the tough Chinese smartphone market

Smartphone market continues to struggle in China, according to Counterpoint’s Market Pulse report. Sales reportedly decreased 14.2% year-on-year (YoY) in the second quarter of 2022. The last time the sales were below this point was nearly a decade ago in the Q4 2012.
#Counterpoint #Chinese #China #ComputersElectronics #ConsumerElectronics #InternetTelecom


1 weeks ago

Apple faces lukewarm demand in China after quarterly revenue drop -analysts

Apple should brace for weakening of demand in China as shoppers curb spending in an anemic economy, some analysts warned on Friday. The iPhone maker on Thursday reported quarterly revenue in Greater China fell 1%, snapping a streak of strong quarters in the region. Apple's revenue rose 2%, beating estimates, and the company said there had been no slowdown in demand for iPhones globally despite macroeconomic indicators turning negative.
#Apple #iPhone #China #ComputersElectronics #News #BusinessIndustrial


1 weeks ago

Sony Cuts Profit Outlook on Lower PlayStation Prospects

The gaming and network services group, which houses the PlayStation business, accounted for the full revision. The outlook downgrade comes after Sony's hardware production was limited by chronic supply chain bottlenecks exacerbated by extended Covid-19 lockdowns in China.
#PlayStation #Covid19 #PlayStation #China #BusinessIndustrial #Games #ComputerVideoGames


1 weeks ago

Phone shipments plunge to pandemic lows as demand ebbs- China vendors lead decline

The quarter to June saw a 9% drop to roughly 290 million units shipped, market trackers Canalys, Counterpoint and IDC said. Samsung Electronics retained the top spot with about 62 million units. Apple Inc. Held second, followed by Xiaomi Corp., Oppo and Vivo. The Chinese trio each registered double-digit drops in shipments with Xiaomi down 25%.
#Canalys #Chinese #China #ComputersElectronics #ConsumerElectronics #News


1 weeks ago

Apple Stock Surge Raises Stakes as Earnings Loom

Apple's share price is heading for its biggest monthly gain in almost two years, up 15% in July. The rally means investor expectations are high for the earnings report. Sales growth at Apple has been slowing for five straight quarters, with the company warning in April that supply issues stemming from lockdowns in China would curb revenue.
#Apple #China #BusinessIndustrial #News #BusinessNews


2 weeks ago

China's Jack Ma Plans to Give Up Control of Ant Group, Dow Jones Says

Jack Ma plans to relinquish control of China's Ant Group Co., Dow Jones reported. The move is part of the fintech giant’s effort to appease regulators following a lengthy crackdown. Ma currently controls 50.52% of voting rights in the company.
#JackMa #AntGroupCo. #Dow #China #BusinessIndustrial #News


2 weeks ago