Tag Archives: Chips

Supply chain woes cost Apple Inc $6 billion in sales during the company’s fiscal fourth quarter, which missed Wall Street expectations, and Chief Executive Tim Cook said that the impact will be even worse during the current holiday sales quarter. Cook told Reuters on Thursday the quarter ended Sept. 25 …

U.S. officials have approved license applications worth hundreds of millions of dollars for China’s blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said. Huawei, the world’s largest telecommunications equipment maker, has been hobbled by trade restrictions imposed by the …