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2 weeks ago | 
news.bloomberglaw.com | Sankalp Phartiyal |Alisha Sachdev |Jane Lee
Apple Inc. is seeking to import most of the iPhones it sells in the US from India by the end of next year, accelerating a shift beyond China to mitigate risks related to tariffs and geopolitical tensions. The goal means Apple would roughly double its annual iPhone output in India to more than 80 million units, people familiar with the matter said, asking not to be identified discussing internal plans. Apple assembled just over 40 million iPhones in India in the fiscal year through March 2025.
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2 weeks ago | 
news.bloombergtax.com | Sankalp Phartiyal |Alisha Sachdev |Jane Lee
Apple Inc. is seeking to import most of the iPhones it sells in the US from India by the end of next year, accelerating a shift beyond China to mitigate risks related to tariffs and geopolitical tensions. The goal means Apple would roughly double its annual iPhone output in India to more than 80 million units, people familiar with the matter said, asking not to be identified discussing internal plans. Apple assembled just over 40 million iPhones in India in the fiscal year through March 2025.
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3 weeks ago | 
news.bloomberglaw.com | Ian M. King |Jane Lee
Taiwan Semiconductor Manufacturing Co. plans to begin production with its A14 fabrication process in 2028, aiming to remain at the cutting edge of the chip industry. The technology will advance the world’s biggest chipmaker beyond its current state-of-the-art 3-nanometer fabrication and the upcoming 2-nm later this year. In a change of nomenclature, TSMC also plans an intermediary A16 chip process for late 2026.
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3 weeks ago | 
news.bloombergtax.com | Ian M. King |Jane Lee
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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3 weeks ago | 
news.bloombergtax.com | Jane Lee |Ian M. King
Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter. The move is part of a bid to streamline management and rebuild an engineering-driven culture, the person said, asking not to be identified because the plans are private. It would be the first major restructuring under new Chief Executive Officer Lip-Bu Tan, who took the helm last month.
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3 weeks ago | 
news.bloombergtax.com | Jane Lee |Ian M. King
Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter. The move is part of a bid to streamline management and rebuild an engineering-driven culture, according to the person, who asked not to be identified because the plans are private. It would be the first major restructuring under new Chief Executive Officer Lip-Bu Tan, who took the helm last month.
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3 weeks ago | 
news.bloombergtax.com | Jane Lee |Ian M. King
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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3 weeks ago | 
news.bloomberglaw.com | Jane Lee |Ian M. King
Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter. The move is part of a bid to streamline management and rebuild an engineering-driven culture, according to the person, who asked not to be identified because the plans are private. It would be the first major restructuring under new Chief Executive Officer Lip-Bu Tan, who took the helm last month.
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1 month ago | 
news.bloombergtax.com | Liana Baker |Jane Lee |Dinesh Nair
Intel Corp. has agreed to sell a 51% stake in its programmable chips unit Altera to Silver Lake Management, making good on plans to start spinning off non-core assets. The transaction values Altera at $8.75 billion, according to a statement on Monday, about half what Intel paid for it a decade ago. Intel will continue to hold a 49% stake in the business. The deal is expected to close in the second half of 2025. Bloomberg reported previously on the talks between the two companies.
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1 month ago | 
news.bloombergtax.com | Liana Baker |Jane Lee |Dinesh Nair
Intel Corp. is nearing an agreement to sell a stake in its programmable chips unit to Silver Lake Management, as the struggling US company begins to spin off non-central businesses and assets. Intel may announce a deal to sell Altera to the private equity firm as soon as this week, people familiar with the matter said, asking not to be identified discussing a private arrangement.
