Tuesday, December 12, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Introduces three New Photo Apps
Apple Confirms Acquisition of Shazam
VESA Defines DisplayHDR Standard for PCs, Laptops and Displays
Microsoft Releases Preview of Quantum Development Kit, Q Sharp Programming Language
Hackers Hit ATM Networks In U.S. and Russian Bank Breaches
Verizon Signs Five-year NFL Streaming Deal
Intel Introduces Cost-optimized Pentium Silver and Intel Celeron Processors
Upcoming Samsung QLED TVs Could Have LG Panels Inside
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Apple t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 04, 2017
Apple to Invest In U.S. Manufacturing Companies


Apple plans to create a $1 billion fund to invest in U.S. companies that perform advanced manufacturing, Chief Executive Officer Tim Cook said on Wednesday.

The company will announce the fund's first investment later in May, Cook said during an interview on CNBC.

Cook also said Apple plans to fund programs that could include teaching people how to write computer code to create apps, and will release more details about the effort this summer.

Apple recently came under fire from President Donald Trump during his campaign because it makes most of its products in China.

A major tax proposal by Trump would let Apple, along with other large companies, bring back accumulated profits from overseas at potentially lower tax rates. Ninety-three percent of Apple's $256.8 billion cash is held overseas.

"To invest in the United States, we have to borrow. This doesn't make sense on a broad basis. So I think the administration, you saw they're really getting this and want to bring this (cash) back. And I hope that comes to pass," Cook said in response to a question about tax reform.

Seperately, Imagination Technologies, the British firm that was licensing graphics technology to Apple, has started a "dispute resolution procedure" with Apple, after failing to resolve a standoff over licensing.

Imagination said in April that Apple had notified the British firm it was developing its own graphics chips and would no longer use Imagination's processing designs in 15 months to two years time.

Apple accounts for about half of the British firm's revenue.

Apple has used Imagination's technology in its products from the time of the iPod, and it receives royalties from every sale of an Apple device containing its designs, including the iPhone and iPad.

Imagination said on Thursday it had been unable to make satisfactory progress with Apple on an alternative commercial arrangements for the current license and royalty agreement.

"Imagination has therefore commenced the dispute resolution procedure under the license agreement with a view to reaching an agreement through a more structured process," it said.

Imagination also said it planned to sell two businesses, its embedded processor technology MIPS and mobile connectivity unit Ensigma.



Previous
Next
European Commission Accepts Commitments from Amazon on e-books        All News        Facebook Reports High Profit On Strong Mobile Ad Business
European Commission Accepts Commitments from Amazon on e-books     General Computing News      Facebook Reports High Profit On Strong Mobile Ad Business

Get RSS feed Easy Print E-Mail this Message

Related News
Apple Confirms Acquisition of Shazam
Apple Said To Buy Shazam
These are Apple Store's Most Popular Apps, Music, Movies
Apple to Release LCD iPhone With a Metal Case: report
Apple Pay Cash Now Supports Person to Person Payments
European Court Ruls Xiaomi 'Mi Pad' Name Is Similar To Apple's 'iPad'
Apple to Pay Ireland 13 Billion Euros As Part of Uncollected Taxes
Qualcomm, Apple Exchange Fresh Complaints
Wearables Market Grows as Smart Wearables Rise and Basic Wearables Decline
Apple to Design its Own Power Chips: report
Apple Countersuits Qualcomm Over Patent Infringement
Apple Security Hole Allows Mac Logins Without a Password

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .