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...GlobalFoundries has criticised subsidies that Berlin is preparing to offer the US chipmaker’s bigger Taiwanese rival TSMC for a planned plant in the east German city of Dresden....
...GlobalFoundries said chip companies in Europe were concerned about ensuring the necessary supplies for manufacturing....
...The state-led march away from foreign hardware will dent US companies in China, starting with the world’s dominant PC processor makers, Intel and AMD....
...Earlier this week the Biden administration announced that California-based GlobalFoundries would receive $1.5bn for a new facility and manufacturing expansion and modernisation at sites in New York and Vermont...
...A Cleveland-Cliffs/US Steel combination would have created a US national champion....
...Credit card processing fees tend to be higher in the US than in the EU, where they are capped....
...Further growth is expected: US adjusted earnings are forecast to more than triple to about $710mn in 2024 on revenues of $5.8bn to $6.2bn, up from $4.4bn in the US last year....
...In the US, merchants paid a record $172bn in processing fees to accept $11.2tn in card payments last year, according to the Nilson Report....
...US airlines generated $6.8bn from them in 2022, the latest data available, according to the Bureau of Transportation Statistics. That is more than double from a decade earlier....
...But you can still email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...The US and Japan are planning the biggest upgrade to their security alliance since 1960 in a move to counter China....
People in the US are being squeezed to such an extent that they are spending less altogether
...The US Department of Justice last week announced it was suing Apple for allegedly using its power in the smartphone sector to squash competition....
...The US justice department’s landmark case against Apple is an important attempt, but it faces an uphill battle....
...Email us your chocolate alternatives: robert.armstrong@ft.com and ethan.wu@ft.com....
...Virtu’s CEO Doug Cifu made us a promise last year, when we wrote about how 2022 had seen a record amount of CEO swearing on conference calls....
DoJ is highlighting what it believes is iPhone maker’s insulation from competition and lack of incentive to innovate
...Epic largely lost a high-profile legal case against Apple in the US....
...Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
...The US Securities and Exchange Commission is seeking $2bn in penalties from Ripple Labs after a US federal court found the cryptocurrency group had violated securities laws by improperly selling some tokens...
...Market history tells us that isn’t so....
...Policy risks in other sectors are rising too, from Joe Biden as well as Trump; just look at US Steel....
...She also criticised Republican lawmakers Adam Kinzinger and Liz Cheney for participating in a congressional panel to investigate the attacks on the US Capitol on January 6 2021, saying the committee was...
...“They gave us a deadline with a month and day by which we would have to stop using iPhones.”...
...The sale of DR Horton marked a sudden shift by an investor typically billed as a long-term holder; Berkshire disclosed it had invested in the largest US homebuilder just six months ago....
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