Apple became the first publicly listed US company with a $2-trillion stock market value on Wednesday, as Wall Street investors put aside challenges to its iPhone ecosystem.
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Elon Musk’s SpaceX has raised $1.9-billion in new funding, according to a regulatory filing. This would be the largest single fundraising round to date by SpaceX, according to PitchBook data.
China has denounced the US’s latest moves to curb Huawei’s access to commercially available chips, the latest blow in an increasingly tense relationship between the world’s two biggest economies.
Tongwei has halted output at a polysilicon factory in China because of flooding, the latest blow to the solar supply chain that has seen rare cost increases this summer due to disruptions.
Oracle has held preliminary talks with ByteDance on a potential bid for part of TikTok’s business, seeking to rival a competing bid by Microsoft, the Financial Times reported.
Ramped-up US restrictions on Huawei are likely to cut off the Chinese smartphone maker’s access to even off-the-shelf chips and disrupt the global tech supply chain once again, executives and experts cautioned.
Epic Games said on Monday it was seeking to block Apple’s removal of Fortnite from its app store and has asked a judge to prevent any retaliatory action against its other games in the store.
The Trump administration announced on Monday it will further tighten restrictions on Huawei Technologies, aimed at cracking down on its access to commercially available chips.
Facebook said Apple declined its request to waive a 30% commission fee the iPhone maker charges apps listed on iOS devices, taking a shot at its fellow Big Tech peer as developers challenge the policy.
US President Donald Trump now has a verified account on TikTok competitor Triller, another sign of the White House’s disfavour toward the ByteDance-owned video-sharing app.