It has gone from bad to worse for mobile chipmaker Qualcom, which just days after getting sued by the US government, which accused the chipmaker of engaging in monopoly tactics over mobile phone components, was also sued this afternoon by the world's biggest company. Apple filed a $1 billion lawsuit against its supplier, accusing Qualcomm of overcharging for its chips and refusing to pay some $1 billion in promised rebates for chip purchases.
While so far various international and domestic companies have announced, grudginly, they would expand production in the US, and hire US workers, after being called out by president-elect Trump on his favorite "bully pulpit", Twitter, on Friday the push for insourcing took on an unsolicited twist, when Taiwan's Hon Hai Precision Industry, also known as iPhone maker FoxConn, and one of the largest employers in the world, and its Japanese subsidiary Sharp, have begun studying the possibility of building an LCD panel plant in the U.S., a Sharp executive said Friday cited by Nikkei.
There is outrage in Australia after the Meteorological Office attempted to brush a chemtrails scandal under the carpet by declaring the geometric lines are a “beautiful natural phenomenon.” The rows of perfectly straight chemtrails were caught on camera by a passenger onboard a Virgin Australia flight and uploaded to social media. The extraordinary photos caused outrage on Twitter and Instagram, with Australians demanding to know the truth about the real nature of geoengineering in their country.
Jacob Pramuk seems to make a living by second guessing just about every single thing President elect Trump does. His Twitter account is littered with anti-Trump gibberish. As an employee of CNBC, the home of the hardest Hillary shiller of all time -- John Harwood -- Jacob is right at home, very comfy, writing shit about Trump.
If there is one company that wishes 2016 could be as quickly as possible put away in the history books, it was Apple: with the Apple watch now a confirmed dud, the iPhone 7 a bust relative to Apple's other offerings, demand for Apple's once brilliant creations waning, and the first recorded declines in both iPhone sales and earnings, 2016 was a year Tim Cook would love to never repeat. Alas, according to Japan's Nikkei, 2017 is set to begin with a whimper, not a bang, as Apple will trim production of its iPhones by at least 10% in the first quarter of 2017.