US President Donald Trump has revealed that Apple CEO Tim Cook is planning to shift manufacturing from Mexico to the US, a report claims. Trump reportedly disclosed the company’s move at a gathering of governors, however, the Cupertino-based tech giant has yet to make any official statement regarding the same. What Donald Trump said about…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Trump-Ishiba talks may ‘put the brakes on’ momentum between Beijing and Tokyo Japanese Prime Minister Shigeru Ishiba’s meeting with US President Donald Trump at the White House…
BEIJING (Reuters) — China’s government said on Friday that employees of Taiwan’s Foxconn, the world’s largest iPhone assembler, are being investigated for suspected taking of bribes and embezzlement, after Taiwan reported their detention. Taiwan’s government said this week that four Foxconn employees had been detained in China under “quite strange” circumstances in Zhengzhou, home to…
Four Taiwanese employees at Chinese facilities that make products for Apple have been detained by local authorities, Taiwanese officials said, the latest example of corporate detentions that have hurt business confidence. The employees worked at a complex run by Taiwan’s Foxconn Technology Group in Zhengzhou, China, said Taiwanese agencies responsible for managing relations with China….
Nvidia stock (NVDA) is aiming for a new record close as investors continue to bet on the artificial intelligence boom. The stock traded roughly flat Wednesday, closing at $132.65. It previously hit a record closing price of $135.58 in June. Nvidia has been on a torrid winning streak, notching its fifth consecutive day of gains…