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Apple strikes $30bn chip deal with Broadcom in largest U.S. manufacturing commitment yet
Apple is deepening its ties with chipmaker Broadcom through a new multi-year agreement expected to top $30 billion, the tech giant announced Wednesday. The deal represents Apple’s largest domestic manufacturing commitment to date. What the Deal Includes Under the agreement, Broadcom will produce more than 15 billion chips on U.S. soil for Apple. As part…
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TSMC posts record Q3 profit on surging AI chip demand
TAIPEI: Taiwan Semiconductor Manufacturing Company (TSMC) reported a 39.1% jump in third-quarter profit on Thursday, setting a new record as robust demand for artificial intelligence chips continued to drive growth. The world’s largest contract chipmaker posted net income of NT$452.3 billion ($14 billion), beating LSEG SmartEstimates of NT$417.69 billion. Revenue rose 30.3% year-over-year to…
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Apple unveils MacBook Pro, iPad Pro, and Vision Pro devices, all powered by a new in-house M5
Apple Inc on Wednesday unveiled refreshed versions of its MacBook Pro, iPad Pro, and Vision Pro devices, all powered by a new in-house M5 chip that the company says significantly boosts performance, particularly for artificial intelligence tasks. The new lineup, available for pre-order immediately and set to go on sale October 22, is Apple’s…
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Apple eyes smart home expansion with new HomePod devices with screen in 2026
Apple Inc. is preparing to expand its smart home portfolio with the anticipated launch of a refreshed HomePod mini this fall and a screen-equipped HomePod model expected in 2026, according to sources familiar with the matter. The new lineup is expected to feature a dedicated home operating system, internally codenamed “Charismatic,” marking Apple’s first…
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Google unveils Pixel 10 Series, betting big on Gemini AI to challenge Apple and Samsung
The Pixel 10 family includes four models: Pixel 10 ($799), Pixel 10 Pro ($999), Pixel 10 Pro XL ($1,199), and Pixel 10 Pro Fold ($1,799) Google on Wednesday launched its Pixel 10 smartphone lineup, spotlighting its Gemini AI assistant as the tech giant intensifies its push to lead the next wave of intelligent mobile…
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Samsung gains ground in U.S. smartphone market as foldables spark consumer buzz
Samsung narrows gap as Apple’s U.S. smartphone market share slips to 49% Samsung is making a bold comeback in the U.S. smartphone market, fueled by a surge in shipments and the launch of cutting-edge foldable devices that are turning heads—and flipping expectations. According to new data from Canalys, Samsung’s market share in the U.S.…
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Stocks climb as Fed rate cut bets push indexes to record highs
Dow Jones jumps 409 points as rate cut bets fuel market surge NEW YORK: U.S. stocks rose Wednesday, extending their recent rally as growing expectations for a Federal Reserve rate cut in September propelled major indexes to fresh record highs. The Dow Jones Industrial Average jumped 409 points, or 0.9%, while the S&P 500…
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Tech surge powers Wall Street to weekly gains amid tariff turmoil
Dow Jones climbs 207 points as investors shake off tariff fears; Apple leads tech rally with best week since 2020 NEW YORK: Stocks climbed Friday, capping a strong week for Wall Street as tech shares led the charge and investors shrugged off fresh tariff threats from President Donald Trump. The Nasdaq Composite rose 0.98%…
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Wall Street turns lower as tariff concerns resurface; Caterpillar, Eli Lilly lead declines
Dow drops 332 points as Caterpillar, Eli Lilly slump; chipmakers rally on Trump’s tariff exemption NEW YORK: U.S. stocks reversed early gains and closed lower on Thursday as renewed concerns over President Donald Trump’s tariff policy weighed on investor sentiment, with industrial and pharmaceutical shares leading the retreat. The Dow Jones Industrial Average fell…
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TSMC earnings surge 61% as AI chip demand fuels record quarter
TAIPEI: Taiwan Semiconductor Manufacturing Co. (TSMC) on Thursday reported a 61% surge in second-quarter profit, setting a quarterly record as strong demand for artificial intelligence chips continued to drive sales. The world’s largest contract chipmaker posted net income of NT$398.27 billion ($12.7 billion) for the June quarter, surpassing LSEG SmartEstimate forecasts of NT$377.86 billion.…
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Apple’s budget-friendly MacBook with iPhone 16 Pro chip coming in 2026 – What we know
Apple is reportedly developing a more affordable MacBook powered by the same A18 Pro chipset expected in the iPhone 16 Pro—marking a major shift from its M-series processors. The device, codenamed Mac17,1, could hit the market in late 2025 or early 2026, offering a cheaper alternative to Apple’s premium laptops. A MacBook with iPhone Power…
