Connect with us

Arizona

Apple will buy processors from factory in Arizona, CEO Tim Cook reportedly says

Published

on

Apple will buy processors from factory in Arizona, CEO Tim Cook reportedly says


Apple CEO Tim Prepare dinner holds the brand new iPhone 14 at an Apple occasion at their headquarters in Cupertino, California, September 7, 2022.

Carlos Barria | Reuters

Apple will purchase a few of its chips from a manufacturing unit in Arizona, Apple CEO Tim Prepare dinner mentioned final month at an inner firm assembly in Germany, in response to Bloomberg Information.

Advertisement

Apple at the moment sources all of its processors from factories in Taiwan. It designs its personal chips and Taiwan Semiconductor Manufacturing Firm manufactures the A-series and M-series processors that energy iPhones and Mac computer systems.

associated investing information

CNBC Pro
Professional Picks: Watch all of Monday’s huge inventory calls on CNBC

If Apple had been to purchase processors manufactured within the U.S., it will symbolize a major diversification in Apple’s provide chain away from Taiwan.

“We have already decided to be shopping for out of a plant in Arizona, and this plant in Arizona begins up in ’24, so we have got about two years forward of us on that one, possibly rather less,” Prepare dinner mentioned, in response to Bloomberg.

TSMC beforehand introduced plans for a single manufacturing unit in Arizona to open in 2024 specializing in chips that use the most recent manufacturing know-how. TSMC mentioned earlier this month that it’s planning a second chip manufacturing unit in Arizona due to “robust buyer demand.”

Intel additionally operates chip foundries in Arizona and has mentioned it needs to win Apple’s enterprise for its new foundry division that manufactures different corporations’ chips. It is also planning to construct further fabs in Ohio.

Advertisement

U.S. politicians have frightened that having corporations like Apple supply superior and costly components from Taiwan might current danger and create chaos if China ever invaded the island nation. Prepare dinner reportedly mentioned in the course of the assembly that 60% of the world’s processors come out of Taiwan.

Apple does the overwhelming majority of its closing meeting for iPhones and different gadgets on China’s mainland, however it sources components from many various international locations, together with the U.S. and Taiwan. Prepare dinner reportedly mentioned that Apple was contemplating shopping for chips from factories in Europe, too.

Congress handed the CHIPS Act earlier this yr, which incorporates about $50 billion in monetary incentives to semiconductor corporations for constructing factories on U.S. soil.

An Apple consultant declined to remark.



Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Arizona

Trio of former Arizona men’s basketball players hoping to lead home countries into Paris Olympics

Published

on

Trio of former Arizona men’s basketball players hoping to lead home countries into Paris Olympics


Steve Kerr is the head coach of Team USA’s men’s basketball team for the 2024 Summer Olympics next month in Paris, and he won’t be the only UA alum vying for gold in the sport.

Ex-Wildcats Josh Green (Australia) and Dusan Ristic (Serbia) are competing for spots with their countries’ respective national teams, who have already qualified for the Olympics, while three other former UA standouts are set to compete with their home nations in qualifying tournaments this week.

Deandre Ayton is trying to lead Bahamas to its first Olympics, while Nico Mannion (Italy) and Azuolas Tubelis (Lithuania) are looking to get their countries their 14th and eighth Olympic bid, respectively.

Ayton, the former No. 1 NBA Draft pick who was Pac-12 Player and Freshman of the year in 2018 with the Wildcats, is coming off his sixth NBA season and first with the Portland Trail Blazers. Bahamas is playing in the qualifying tourney in Valencia, Spain, facing Poland on Wednesday and Finland on Thursday in group play.

Advertisement

Mannion, a 2nd-round pick of Golden State in 2020, appeared in 30 games with the Warriors as a rookie after his one season at the UA. The 23-year-old then went overseas, playing for Virtus Bologna in the Italian League for two seasons before spending 2023-24 with teams in Spain and Italy.

Italy was fifth in the Tokyo Olympics in 2021 and has won silver twice, in Athens (2004) and Moscow (1980). It is playing in the qualifying tourney in San Juan, Puerto Rico, where it will face Bahrain on Tuesday and Puerto Rico on Thursday.

Tubelis, who played for the Wildcats from 2020-23, just completed his first professional season by being named MVP of the Lithuanian Basketball League with Neptunas Klaipeda. Lithuania is looking to get back to the Olympics for the first time since 2016 in Brazil, where it placed seventh.

Lithuania, which is in the Puerto Rico qualifying tourney and faces Mexico on Tuesday and Ivory Coast on Wednesday, won three consecutive bronze medals in 1992 (Barcelona), 1996 (Atlanta) and 2000 (Sydney).

The winner of each of four qualifying tournaments will join the eight teams already assured a spot in Paris for the Olympic competition.

Advertisement

Green is one of 22 players on Australia’s Olympic training roster, which will be cut down in the next few weeks. He was part of the squad in Tokyo that won bronze, which qualified Green for the UA’s Ring of Honor.

A 1st-round pick of the Dallas Mavericks in 2021, Green started 33 games this past season with Dallas and played in all 22 games during the Mavs’ run to the NBA Finals.

Ristic, who is one of 16 players fighting for a spot on the Serbian National team, has played the past six seasons in Europe since winning a school-record 118 games with Arizona from 2014-18. This past season he split time between a pair of Spanish pro clubs, and recently got married.

Serbia, in the Olympics for only the second time, took silver in 2016.



Source link

Advertisement
Continue Reading

Arizona

Fantasy football outlook: Arizona Cardinals WR preview

Published

on

Fantasy football outlook: Arizona Cardinals WR preview


Few teams have experienced the turnover among its receivers as the Cardinals. In the last two years, they’ve parted ways with DeAndre Hopkins, Zach Ertz, Brown and Moore. There are more questions than answers as to how the pecking order will play out behind Harrison.

Harrison is likely to land at the back end of the WR1 fantasy picks in a 12-team league – anyone who gets him as a WR2 will be lighting up a draft night victory cigar. He’s that good.

As for the rest of this crew? The incumbent No. 1 receiver coming in is tight end Trey McBride. In the eight games Murray played when he came back last season, he completed 53 passes to McBride. He became Arizona’s version of Travis Kelce and, when a tight end has been a team’s leading receiver, that has historically been problematic for wide receivers other than the lead dog.

Wilson is worthy of WR5/No. 6 consideration, because he’s clearly the WR2 option in an offense with a dynamic quarterback. Wilson will be taken late enough that he won’t be counted on as a must-start but instead a role player with upside to grow. Dortch is merely a deep best-ball flier because of his history with Murray.

Advertisement

Jones and Pascal don’t have any fantasy value, barring injuries to those in front of them.



Source link

Continue Reading

Arizona

AriZona Iced Tea remains committed to 99-cent price

Published

on

AriZona Iced Tea remains committed to 99-cent price


(KTLA) — AriZona Iced Tea will keep its 99-cent price tag for the “foreseeable future,” Don Vultaggio, brand chairman and founder, said in a recent interview with “Today.”

“We’re successful, we’re debt free, we own everything,” he said. “Why have people who are having a hard time paying their rent pay more for their drink?” Vultaggio said during the interview.

Vultaggio described keeping the prices of the popular drink low as his way of giving back.

He isn’t alone in this way of thinking either.

Advertisement

Gary Millerchip, Costco’s CFO and executive vice president, announced in May that the $1.50 hot dog combo will be safe from price increases.

Lynsi Snyder, the president of the beloved In-N-Out Burger chain, also said she fought to keep prices down in California after the state’s new fast-food minimum wage law took effect on April 1, raising the base rate from $16 to $20 per hour.

“I was sitting in VP meetings going toe-to-toe saying, ‘We can’t raise the prices that much, we can’t,’” Snyder told “Today” during another interview.

Snyder added that she felt “an obligation to look out for our customers” and said that, unlike competitors, In-N-Out wasn’t quick to raise prices.

However, some companies, especially in California, have decided to raise prices or lay off staff as business costs continue to increase.

Advertisement

As for Vultaggio, he didn’t dismiss the possibility of a price increase one day, but as for now, the 99-cent price is here to stay.

“I don’t know about never, [but] not in the foreseeable future,” Vultaggio told Today. “We’re going to fight as hard as we can for consumers, because consumers are my friends.”



Source link

Advertisement
Continue Reading

Trending