New Delhi, July 8 (IANS) Apple has significantly expanded its partnership with Broadcom through a new multi-year agreement worth more than $30 billion, marking the company’s largest manufacturing commitment in the United States and reinforcing its broader strategy to strengthen domestic semiconductor production.The agreement, which extends through 2031, is expected to support the production of more than 15 billion chips in the US.As part of the deal, Broadcom will invest $1.5 billion to expand i…
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Seoul, June 11 (IANS) South Korean stocks were trading lower on Thursday morning amid continuing volatility surrounding major technology shares and concerns over escalating tensions between the United States and Iran.After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) had fallen 124.91 points, or 1.62 percent, to 7,605.91 as of 11:20 a.m. The index had started nearly 3 percent lower, reports Yonhap news agency.Overnight, the Dow Jones Industrial Average closed 1.87 perc…
Seoul, June 10 (IANS) South Korean stocks started sharply lower on Wednesday on news that the United States has launched new strikes on Iran and overnight tech losses on Wall Street.After opening 2.43 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) shed 125.98 points, or 1.56 percent, to 7,970.95 in the first 15 minutes of trading, reports Yonhap news agency.The U.S. has struck Iran in response to the shooting down of an American Apache helicopter in the Strait of Hormuz, …
Seoul, June 5 (IANS) Seoul shares traded nearly 4 per cent lower on Friday as investors locked in profits from a recent tech-led rally while monitoring uncertainty over US-Iran peace negotiations.After opening 3.44 percent lower, the Korea Composite Stock Price Index (KOSPI) lost 334.97 points, or 3.88 percent, to 8,304.44 as of 11:20 a.m., recovering some of its earlier losses after plunging as much as 6.88 percent.The Korea Exchange suspended program trading for the KOSPI for five minutes at a…
New Delhi, April 25 (IANS) US tech giant Google plans to invest up to $40 billion in the artificial intelligence (AI) firm Anthropic, as global technology giants accelerate their push into advanced AI models and infrastructure.The proposed investment includes an initial $10 billion infusion at Anthropic’s latest valuation of $380 billion, with the remaining $30 billion tied to performance-based milestones, the companies confirmed, according to multiple reports.The move has built on a multi-yea…
New Delhi, March 26 (IANS) Apple on Thursday announced new members of its American Manufacturing Programme (AMP), expanding the company’s long-standing commitment to bring even more advanced manufacturing and critical component production to the United States. Apple is working with Bosch, Cirrus Logic, TDK, and Qnity Electronics to manufacture essential materials and components in the U.S. for Apple products sold around the world, creating jobs and strengthening America’s manufacturing capab…
Washington, Jan 29 (IANS) US President Donald Trump on Wednesday unveiled a new federal initiative called “Trump Accounts,” saying the programme would provide every newborn American child with a government-funded investment account to give families a financial head start from birth.Speaking at the Treasury Department’s Trump Accounts Summit, Trump said the initiative would “give every newborn American child a financial stake in the future,” calling it a way to ensure that children begi…