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
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
i m sally bundock and we start here in the uk where in the next few hours the latest inflation numbers will be released and its widely anticipated the news will be good with prices coming down. the bank of england says it expects inflation to fall sharply in april . this follows an upgrade from the international monetary fund for the uk economy. it says we should avoid a recession this year but the imf is warning inflation remains stubbornly high and higher interest rates will need to remain in place if it is to be brought down. so where are we at? if we look at february inflation measured as consumer prices stood at 10.4%. the soaring cost of food and energy being the key drivers. it then fell slightly to 10.1% in march. this was a surprise as a much biggerfall was predicted and rang alarms bells with concerns of sticky inflation that proves difficult to reduce. bells with concerns inflation is proving very sticky. difficult to bring down. and helps low prices with th
raimondo s visit is the latest in a series of top american diplomats to have visited china recently including janet yellen, antony blinken and the us climate envoyjohn kerry. all in the last three months. despite all these meetings, relations between the world s two largest economies are at their most tense in years. last august the us passed the chips act, specifically aimed at growing domestic chip making business and blocking china s industry. beijing responded in turn including restricting restricting import of materials and it all comes in the same week as export controls kick in in the netherlands preventing one of the world s biggest makers of chip making from exporting without a license, something china has complained about and analysts say would only make us china relations worse. this comes as president biden prepares to visit vietnam along with the united states