CEO Tim Cook has continued his tour of Asia by visiting Singapore, where he announced that Apple will spend $250 million to expand its existing campus there. Apple Marina Bay Sands store, Singapore Apple does not release Tim Cook's schedule in advance, but following visits to Vietnam and then Indonesia, the CEO is concluding what appears to be a week-long Asia trip. His apparently final stop is a two-day visit to Singapore, and at the same time Apple has announced a significant expansion...
Geopolitical tensions and falling sales in China have Apple searching for new manufacturing hubs across Asia.
Groesbeck Investment Management Corp NJ cut its position in AbbVie Inc. (NYSE:ABBV – Free Report) by 21.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,363 shares of the company’s stock after selling 2,600 shares during the quarter. AbbVie makes up about 2.0% […]
GAMMA Investing LLC acquired a new position in Intel Co. (NASDAQ:INTC – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 26,772 shares of the chip maker’s stock, valued at approximately $1,345,000. Other large investors also recently modified their holdings […]
Apple is making significant strides in expanding its clean energy and water conservation efforts worldwide. As part of its ambitious Apple 2030 project, the company has set a bold target to achieve carbon neutrality across its entire value chain by the end of this decade. This comprehensive plan encompasses a wide range of initiatives, from […]
In America, the Washington D.C., uniparty types like to make you think they are all for reining in big corporations in favor of the “little guy.” But in practice, it seems that across many industries, the practice of squeezing out competition via government subsidy or legislative or bureaucratic intervention is often carried out by legislators with a vested interest in the long-term success of their “donating constituency.”
Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub. Vietnam has become more important to Apple as the company seeks to diversify its supply chains away from
As part of Apple's continued shift to increase iPhone production in India, the company is now trying to secure suppliers for camera modules within the country. iPhone 15 Pro Max camera module Apple has spent years trying to move away from China-centric production into one with multiple manufacturing bases. While Apple wants to significantly increase its iPhone production in India in the coming years, it has to solve multiple problems that can slow progress. One of the issues is...
Google will invest 600 million euros to construct a new data center on the industrial estate Westpoort in Groningen. This will be the tech company's fourth data center in the Netherlands, and the company reported that it has invested around 3.8 billion euros in the Netherlands thus far. Google already has a data centre at Eemshaven in Groningen. There are auxiliary facilities at Winschoten and in the west of the city. These complexes are known for using a relatively high amount of electricity.
Cook expressed his expectation that the two sides can continue working together toward even greater achievements in the future
BENGALURU: Tech-to-tractor conglomerate Mahindra Group will invest 12 billion rupees (about $144 million) to set up solar and wind energy projects of 150 megawatt (MW) hybrid capacity in India, it said on Monday. The projects will be developed by the group's renewable energy unit Mahindra Susten with Ontario Teachers' Pension Plan Board, one of Canada's largest pension funds, as its strategic partner. Mahindra & Mahindra will also acquire a 26% stake in its solar power generating unit Gelos...
Google is bullish on its investment in data centers in the Netherlands as the company is investing €600 million to build a third one in the European country with a huge focus on sustainability.