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...The biggest attempt to date came in December, with Nippon Steel launching an $15bn all-cash bid for US Steel....
...Separately, two China-based sole suppliers of certain components for the Vision Pro said Apple was only asking them for enough for 130,000 to 150,000 units in the first year....
...The 2025 end date is obviously to avoid bashing the US steel industry during the presidential election so the EU can’t be accused of costing Joe Biden the steel states of Ohio and Pennsylvania....
...Apple is set to sign its first big order with Luxshare Precision, a competitor to both Foxconn and Taiwan’s Pegatron, according to three people familiar with the situation....
...In recent decades it has suffered from the onslaught of cheap foreign producers, first from Japan, then China....
...Cook spent Wednesday meeting Apple’s Chinese suppliers, including the head of electric-car maker BYD and executives from Lens Technology and Changying Precision Technology....
...The deal is the latest example of how ties between Apple and China have, in some areas, strengthened in spite of growing geopolitical tension between Washington and Beijing....
...If you add in Biden’s opposition to Nippon Steel’s takeover of US Steel, it seems there is a lot of protectionism around in Washington nowadays masquerading as something else....
...In an echo of that era, Donald Trump (crudely) and Joe Biden (with more precision) have used quotas and trade barriers to protect the US steel and aluminium industry....
...A version of this article was first published by Nikkei Asia on January 3. ©2023 Nikkei Inc. All rights reserved....
...Policy risks in other sectors are rising too, from Joe Biden as well as Trump; just look at US Steel....
...“Everything leads back to different actors in China.”...
...“We don’t have a crystal ball so it’s difficult to predict with precision,” Musk said on a call with investors and analysts....
...US production of steel totalled 80.5mn tonnes last year, compared with 1bn tonnes from China, according to the World Steel Association....
...Shenzhen-based Luxshare Precision Industry has won favour and increasing business with the iPhone maker in part by being prepared to test “crazy” ideas in its factories, according to an Apple supply chain...
...“We’re not seeing people right now jump headfirst [into China deals],” said Bain’s Kapur. A version of this article was first published by Nikkei Asia on September 28. ©2023 Nikkei Inc....
...Bad news for China and Chile, good news for most other countries....
...Chinese steel exports have increased over the past two years, as has crude steel production. Residential property market problems do not yet seem to be hitting domestic steel demand....
..., steel, auto parts and displays....
...The higher-tier models, which cost at least $999, are also the first iPhones to feature titanium cases instead of aluminium or steel....
...New tech companies have emerged, but carmaker Toyota remains by far the country’s most valuable company When Nippon Steel announced its all-cash $14.9bn takeover bid for US Steel in December, bankers saw...
...China also controls the processing of battery raw materials....
...One AirPod at a time, Chinese supplier Luxshare Precision is taking on the world. The company’s plan to become Apple’s main supplier has almost been achieved....
...During a series of plant tours in September its executives admitted that there was much to learn from Tesla and other EV manufacturers in China....
...this year Huawei scraps expensive precision maps in self-driving cars...
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