Apple to Build New $1 Billion Campus in Texas

Apple said on Thursday it would invest $1 billion (roughly Rs. 7,200 crores) to build a second campus in North Austin, Texas and another $10 billion (roughly Rs.72,000 crores) for new data centres over the next five years, as it aims to create 20,000 jobs in the United States. The announcement follows a promise byin January […]

Apple CEO Tim Cook’s $12 Million Bonus for 2018 Is His Biggest Ever

Apple Chief Executive Officer Tim Cook collected his biggest-ever annual bonus for fiscal 2018 after the iPhone maker posted record revenue and profit, and its market value temporarily eclipsed $1 trillion (roughly Rs. 70 lakh crores). received a $12 million roughly Rs. 84,500 crores) bonus for the year ended September 29, the Cupertino, California-based company said […]

Google Said to Face EU Antitrust Fine Over Android in July

is expected to be hit with a second EU antitrust fine in mid-July for using its dominantto squeeze out rivals, three people familiar with the matter said. The European Commission, which has been investigating the case involving the unit of Alphabet since 2015, could issue its decision in the week of July 9, although the […]

Apple Supplier Foxconn Says Indian Customs Clearing Procedures Have Been Resolved

Apple supplier Foxconn said on Friday customs clearing procedures in India have been resolved, as additional scrutiny by the country of imports from China disrupted operations in some foreign firms amid tensions between the Asian giants. customs clearance for cargo logistics in India has been resolved and all local regulatory procedures have been complied with, […]

SK Hynix Posts Record Third-Quarter Profit as Chip Outlook Dims

South Korea’s posted record third-quarter operating profit on Thursday despite softer chip prices, beating expectations thanks to a seasonal sales boost for mobile devices and strong server demand. The world’s No.2 memory chipmaker said July-September operating profit rose 73 percent year-on-year to KRW 6.5 trillion ($5.7 billion). That compared with a KRW 6.3 trillion average forecast from 19 […]

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