Tech Stocks Plummet as Trump Announces Aggressive Import Tariff Plan
Major tech companies face steep stock declines following Trump's announcement of sweeping new import tariffs, with Apple leading the downturn at 6%. The proposed tariffs would impose taxes up to 34% on imports from key manufacturing countries like China, raising concerns about consumer prices and economic growth.
TSMC Plans Historic $100B Investment in US Semiconductor Manufacturing
Taiwan's TSMC is set to announce a groundbreaking $100 billion investment in US chip manufacturing facilities over the next four years. This landmark move, expected to be revealed by President Trump, represents one of the largest foreign investments in US manufacturing history and aims to boost domestic semiconductor production.
TikTok Makes Triumphant Return to US App Stores After 26-Day Ban
TikTok has reemerged on US app marketplaces following a temporary ban under foreign app control legislation. The comeback was enabled by a Justice Department letter and presidential order, though the app's long-term fate remains uncertain pending ownership negotiations.
Tech Giants Unite: Apple and Microsoft Follow Google in Controversial Gulf Renaming
Major tech companies are implementing a coordinated change to rename the Gulf of Mexico to 'Gulf of America' in their mapping applications. The shift follows a recent executive order from President Trump, with Google leading the transition and Apple and Microsoft quickly following suit.
Apple Faces Price Hikes as New China Tariffs Loom in 2025
The upcoming 10% tariffs on Chinese imports could force Apple to raise U.S. prices across its product lineup starting February 2025. The trade measures will impact manufacturing costs for iPhones, iPads, and MacBooks, potentially leading to higher retail prices for American consumers.
U.S. Lawmakers Push for New Nvidia Chip Restrictions Amid Chinese AI Competition
Former President Trump faces pressure from lawmakers to evaluate restrictions on Nvidia chips used by China's Deepseek AI company. The move comes as Deepseek demonstrates competitive performance against U.S. AI models while using fewer chips, challenging American technological dominance.
Meta Settles $25M Lawsuit with Trump Over Social Media Ban
Meta agrees to pay $25 million to settle Trump's lawsuit over his Facebook and Instagram account suspensions following the January 6 Capitol riot. The settlement includes $22 million for Trump's presidential library fund and reflects Meta's shifting content moderation policies.
Perplexity AI Makes Bold Merger Bid for TikTok Amid US Ban Threat
AI search startup Perplexity AI proposes a surprising merger with TikTok's US operations as the platform faces a potential ban. The deal would allow ByteDance investors to retain stakes while combining Perplexity's AI capabilities with TikTok's vast video content.
TikTok CEO Courts Trump's Favor as US Ban Deadline Looms
TikTok CEO Shou Zi Chew makes a direct appeal to President-elect Trump just days before a potential nationwide ban. With over 60 billion views on Trump's content, Chew praises his understanding of the platform while seeking solutions to prevent the app's shutdown.
Tech Leaders Rally Behind Trump: Apple CEO Tim Cook to Attend Inauguration Following $1M Donation
Apple CEO Tim Cook joins Silicon Valley's elite at Trump's inauguration after contributing $1M to the inaugural fund. The move follows strategic engagement with Trump's administration, particularly regarding tariff policies affecting Apple's product lineup.