Hon Hai Precision Industry’s profit plunged by the most on record after the coronavirus disrupted its China production and walloped global smartphone demand.
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The world’s biggest contract chip maker said it plans to build a $12-billion factory in the US in an apparent win for the Trump administration’s efforts to wrestle global tech supply chains back from China.
China is ready to put US companies in an “unreliable entity list” as part of countermeasures against Washington’s move to block shipments of semiconductors to Huawei Technologies, the Global Times reported on Friday.
Apple has acquired NextVR, a start-up that provides sports and other content for virtual-reality headsets. The acquisition may help Apple’s development of VR and AR headsets with accompanying software and content.
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Government apps designed to help authorities track and slow the spread of Covid-19 are struggling to accomplish their goals because of restrictions on data collection built into smartphones by Apple and Google.
Apple plans to soon start returning more employees to its major global offices while other tech companies are continuing work-from-home policies through to at least the end of 2020 due to Covid-19.
The impact of the recent sharp decline in the value of the rand is becoming apparent. The iStore said it will sell the new Apple iPhone SE, which retails for $399 in the US, for R9 999.
Apple has confirmed its first virtual developer conference will begin on 22 June. The annual conference is traditionally the event where Apple showcases the latest software updates for its products.
Global shipments of smartphones fell at the fastest rate on record in the first quarter, illustrating the devastating impact of Covid-19 on consumption and production.