it s part of apple s commitment to invest $430 billion into the american economy and. it also comes at a time when washington is trying to reduce its reliance on foreign trade, foreign on foreign made chips. my colleague samira hussain explains. the 56 chips apple is buying from broadcom will be designed and built in the us. it is the latest business deal between the two companies. in 2020, broadcom said it would sell $15 billion of wireless components to apple. the deal fits the brief apple set out for it self to invest more in the us economy. it also goes hand in hand with a push to get more us companies to use domestically made microchips. the supply chain disruptions during the pandemic triggered a semiconductor shortage which showed just how reliant us companies had become on chips made overseas, specifically in china and taiwan. which many us officials see as a national security concern. since then, the us has been privatising domestic production of semiconductors as it
hundred and $30 billion into the american economy. it also comes at a time when washington is trying to reduce its reliance on foreign trade or chips for the my colleague explained. chips for the my colleague explained- chips for the my colleague exlained. ,. ,, a, explained. the 56 chips apple is bu in: explained. the 56 chips apple is buying from explained. the 56 chips apple is buying from broad - explained. the 56 chips apple is buying from broad calm - explained. the 56 chips apple is buying from broad calm will be designed and built in the us. it s the latest business deal between the two companies. in 2020 broad calm said it would sell $50 billion worth of wireless components to apple. the deal fits their brief apple set up for it self to invest more in the us economy. it also goes hand in hand with the push to get more us companies to use domestically made microchips. the supply chain disruptions during the pandemic triggered a semiconductor shortage and it showed
i will stay with it until we can get it done. the negotiations we re having with speaker mccarthy is about the outlines of what the budget will look like, not about default. house speaker kevin mccarthy and president joe biden remain on the same page about not letting the u.s. default on its debt, but time is really running out to get a deal in place before the deadline. we ll have much more on the negotiations and that time line in just a moment. plus, a federal judge sends a message to an insurrectionist handing out the longest sentence to a january 6th defendant to date. and also ahead we ve got new details on presidential campaign fund-raising for florida governor ron desantis including some questionable actions by his gubernatorial staff. good morning and welcome to way too early on this friday, may 26th. i m jonathan lemire, thanks for starting your day with us. with less than a week until the united states could default on its debts house lawmakers have left
the mood in washington. with just one week left until treasury officials say they will run out of cash to pay its bills, the mood music from washington was upbeat. but a deal can be done to avoid default. i want to be clear. the negotiations we are having with speaker mccarthy are about the outlines of what the budget will look like, not about defaults. it is about competing visions for america. nothing will be resolved until we resolve them all. we know where our differences lie. we worked well past midnight last night, we are back at it today, trying to get to the conclusion so we can solve this problem. failure to reach an agreement could have global implications. fitch, one of the major credit rating agencies warned of a potential downgrade to the us credit rating if the deal isn t done. the us treasury department seized on this, saying it underscored the need for swift bipartisan action. the biggest sticking point remains spending. if they don t cut enough, they won t wi
at a time when washington is trying to reduce its reliance on foreign made chips. my colleague samir hussein reports. the 56 chips apple is buying from broadcom will be designed and built in the us. it is the latest business deal between the two companies. in 2020, broadcom said it would sell $15 billion of wireless components to apple. the deal fits the brief apple set out for it self to invest more in the us economy. it also goes hand in hand with a push to get more us companies to use domestically made microchips. the supply chain disruptions during the pandemic triggered a semiconductor shortage which showed just how reliant us companies had become on chips made overseas, specifically in china and taiwan. which many us officials see as a national security concern. since then, the us has been privatising domestic production of semiconductors is advised to wean firms from relying on foreign chip makers. last summer, us presidentjoe biden signed an act that drew billions of