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TSMC to receive $6.6 billion grant from United States government to help boost production

TSMC is about to get a hefty chunk of funding from the United States government. The United States Commerce Department on Monday announced that it will be allocating a $6.6 billion subsidy to chip manufacturer TSMC for the advancement of semiconductor production in Phoenix, Arizona. TSMC will also receive $5 billion in loans and be […]

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Rumor: Apple to begin production of mixed-reality headset in March 2023

The rumor mill has Apple as beginning mass production of its long-awaited mixed-reality headset in Mach 2023. According to DigiTimes, Pegatron will be the exclusive partner for the final assembly of Apple’s mixed-reality headset. Initial production was said to be very limited. Its price point will be too high for the consumer market, hence initial […]

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Rumor: Apple looking to acquire Shazam, could add company’s technologies to audio/music assets

With Spotify gradually moving towards a public offering, it seems that Apple is looking to acquire yet another music property. Sources close to the story have stated that Apple is close to acquiring Shazam, the popular app that lets people identify any song, TV show, film or advertisement in seconds, by listening to an audio […]

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Rumor: Apple in talks to acquire Lit Motors, may be focusing on two-wheeled vehicle technologies

Moving beyond the McLaren rumor, Apple is also said to be talking to Lit Motors, a small company that participated in the Startup Battlefield at TechCrunch Disrupt SF back in 2012, a contest they finished second in. The San Francisco-based startup is developing a new kind of electric vehicle vehicle that seems something like a […]

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Apple posts $74.6 billion in revenue, $18 billion in profit for Q1 2015 financial report

It was a good quarter for Apple. Per 9to5Mac, Apple announced its Q1 2015 earnings results today, the company reporting US$74.6 billion in revenue and earning US$18 billion in profit during the three-month period. The results showed a gross margin of 39.9 percent compared to 37.9 percent in the year-ago quarter. International sales accounted for […]