Apple will not face the new chip tariffs after pledging $100 billion more in US investments

Description

Donald Trump’s decision to spare Apple from looming semiconductor tariffs has delighted investors, who see it as a signal that tech firms could avoid the levies if they commit to US investments. But industry insiders warn the reprieve will be limited to companies with Apple’s lobbying clout or the resources to build factories in America. UBS Asia-Pacific tech research head Nicolas Gaudois said device makers from notebooks to smartphones would need to prove that both they and their suppliers are ...