Apple has signed a $500m deal with a US firm for rare earth magnets, essential for manufacturing electronics, after China curbed exports of the scarce, vital materials. The backing from one of the world’s most valuable companies comes after MP Materials, which operates the only US rare earths mine, last week agreed to a multibillion-dollar deal with the US Department of Defense that will see the Pentagon become its largest shareholder. Both deals are aimed at mitigating supply chain risks after China limited the outgoing supply of rare earths earlier…
Tag: Mobile phones
Trump threatens 25% tariff on iPhones if they are not made in US
Donald Trump has threatened to impose a 25% tariff on iPhones if they are not made in the United States, as he stepped up the pressure on Apple to build its signature product in America. The US president caused a pre-trading dip in Apple shares with a post on the Truth Social platform stating that iPhones sold inside the US must be made within the country’s borders. Trump said in the post: “I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold…
Trump says he has a ‘little problem’ with Tim Cook over Apple’s India production
Donald Trump has admonished Apple and its chief executive over the tech firm’s reported plans to source production of US-bound iPhones from India. The US president said he had a “little problem” with Apple’s Tim Cook, after reports that the company is planning to switch assembly of handsets for the US market from China to India. “I had a little problem with Tim Cook yesterday,” said Trump, speaking in Qatar on Thursday. Referring to Apple’s recent promise to spend $500bn (£375bn) in the US, he added: “I said to him:…
Apple ‘aims to source all US iPhones from India’, reducing reliance on China
Apple is reportedly planning to switch assembly of all iPhones for the US market to India as the company seeks to reduce its reliance on a Chinese manufacturing base amid Donald Trump’s trade war. The $3tn (£2.3tn) technology company aims to make the shift as soon as next year, the Financial Times reported. Apple has been swept up in Trump’s aggressive tariff policies, with the iPhone maker at one point among the biggest stock market casualties because of the prospect of its Chinese-made products being hit with a hefty import…
Huawei shrugs off US sanctions with fastest growth in four years
Chinese telecoms firm Huawei grew faster in 2023 than it has for four years, as it shrugged off the impact of US sanctions. Revenues rose by nearly 10% to 704.2bn yuan (£77bn) as the Shenzhen-based company enjoyed a rebound within its consumer segment, which includes smartphone handsets. The performance meant Huawei defied the effect of sanctions imposed by the US in 2019, when Donald Trump’s White House accused the firm of being a security risk, something Huawei denies. The UK also vowed in 2020 to remove Huawei from 5G infrastructure…
China reportedly extends iPhone ban to more workers as tensions with US rise
China’s government has reportedly expanded its ban of iPhones to local government workers and state-owned companies, a day after it emerged central government employees were forbidden from bringing the devices to work. Several agencies had begun instructing employees not to bring iPhones to work and the ban was expected to be further extended, Bloomberg reported. Nikkei reported at least one state-owned company had told its employees that anyone working with trade secrets could not bring their iPhones, Apple Watches or AirPods into work from next month. The ban on the…
China dodges western 5G chip embargo with new Huawei Mate 60 phone
China has produced a 5G smartphone using an advanced silicon chip on a scale of miniaturisation that was thought to be beyond its capabilities due to US-led export restrictions, analysts have said. Huawei’s Mate 60 Pro is powered by a new Kirin 9000s chip that was made in China by the partly state-owned Semiconductor Manufacturing International Corp (SMIC), the analysis firm TechInsights said. Its processor is the first to use SMIC’s most advanced 7 nanometre (nm) technology and suggests the Chinese government is making some headway in attempts to build…
Chinese plans to limit smartphone use for children hit tech shares
Shares in Chinese technology firms have fallen after the country’s online regulator announced plans recommending smartphone use for children be limited to a maximum of two hours a day. The rules proposed by the Cyberspace Administration of China (CAC) will require device makers, operating systems, apps and app stores to introduce a so-called “minor-mode” capping time spent on screens, increasing the pressure on local tech companies already grappling with tight government controls. The proposals, which are still subject to public feedback, would limit users aged 16-18 to two hours usage…
TechScape: What’s really behind Apple’s shift from China
This week, the first iPhone 14s rolled off Apple’s newest production line in Chennai, India. I understand why that doesn’t seem like huge news. The company has been assembling phones in India for some time, all of which serve the large domestic market. But it’s an important milestone, marking the first time Apple has produced a new iPhone outside of China in the same year it was released. It is also an important step in one of Apple’s most sensitive projects: to decouple its fortunes from those of Sino-American relations.…
Apple shifts some iPhone 14 production from China to India
Apple has begun making iPhone 14s in India, as it moves some production away from China for the first time against a backdrop of Chinese Covid-19 pandemic lockdowns and geopolitical tensions between the US and the country’s communist government. A production line in Chennai has begun operation, assembling the iPhone 14 for the domestic Indian market. The move, which marks the first time the company has assembled iPhones outside of China in the same year they were released, is part of a plan to disentangle its manufacturing operations from the…