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Apple Aims To Source All US iPhones From India in Pivot Away From China

1 month 3 weeks ago
Apple plans to shift the assembly of all US-sold iPhones to India [alternative source] as soon as next year, according to Financial Times, which cites people familiar with the matter, as President Donald Trump's trade war forces the tech giant to pivot away from China. From the report: The push builds on Apple's strategy to diversify its supply chain but goes further and faster than investors appreciate, with a goal to source from India the entirety of the more than 60 million iPhones sold annually in the US by the end of 2026.

Read more of this story at Slashdot.

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Federal Reserve, FDIC Pull Statements on Crypto

1 month 3 weeks ago
The Federal Reserve Board and the Federal Deposit Insurance Corp. have withdrawn several statements regarding banks' crypto-related activities in an effort to support innovation and clarify current policies. From a report: Two joint statements from 2023 on liquidity and other risks regarding banks' crypto-related activities were pulled on Thursday, the FDIC said. The move aims to clarify that banking organizations may engage in crypto activities so long as they are consistent with current laws and regulations. Banks may also provide products and services to people and firms engaged in crypto-related activities, the FDIC said. Providing more clarity on banks' crypto activities in the coming weeks and months is being considered, the agencies said.

Read more of this story at Slashdot.

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