The company still makes more than 90% of the world’s most advanced AI chips and is a leading supplier for nearly every major tech firm.
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The announcement comes months after Apple said it’d invest $100 billion in US factories as part of its “American Manufacturing Program.”
So far, 2025 has been one of the choppiest ever for the business of wood thanks to tariffs and a housing market slowdown.
Tech stocks, among the most vulnerable to souring US-China trade relations with China, led Friday’s sell-off.
Intel has invested more than $20 billion in the new factory, which will churn out its chips in the US for the first time in nearly a decade.
A 2024 RAND study found that US drug prices are 278% higher than in 33 other developed countries in the OECD.
Sales of new electric vehicles fell 6.3% year-over-year in the second quarter, according to Cox Automotive analysts.
The Department of Defense is trying to counter increasingly savvy Chinese military research and development.
In May, revenue at Nvidia’s automotive and robotics businesses, which are reported together, posted $567 million in sales.
An index of sales prices rose at its fastest pace in three years as tariffs wound their way into the supply chain.
The deal comes as the US government explores a deal to take as much as a 10% ownership stake in the Santa Clara, California, firm.
If successful, the company believes its affordable option could revolutionize EV adoption levels in America.
Vegas has been dealing with the economic uncertainty caused by the Trump administration’s trade, tariff and immigration policies.
Chip industry veteran Lip-Bu Tan was supposed to fix the company’s problems. Now, Tan has become the company’s problem.
For those keeping score at home, that’s in addition to the $500 billion in domestic investments Apple announced earlier this year.
Berkshire’s stock has slipped more than 13% since Buffett announced in May that he would step down at the end of the year.