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"There's a lot of data we're going to see here over the next several weeks as we head to the end of July Fed meeting. The pan-European STOXX 600 index (.STOXX) lost 0.78% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.39%. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) closed 0.84% lower, while Japan's Nikkei (.N225) lost 0.25%. The U.S. dollar was holding steady against other major currencies as traders awaited the Fed minutes. The dollar index rose 0.097%, with the euro down 0.04% to $1.0873.

Persons: Mike Segar, Tim Ghriskey, Ingalls & Snyder, Data, Sterling, Brent, Sinéad Carew, Tom Wilson, Stella Qiu, Dhara, Sam Holmes, Helen Popper, Christina Fincher Organizations: Wall, New York Stock Exchange, REUTERS, U.S . Federal Reserve, Treasury, Federal, Investors, Tuesday's, Independence, Ingalls &, Dow Jones, Nasdaq, Japan's Nikkei, Traders, U.S, Brent's, Thomson Locations: Manhattan, New York City , New York, U.S, Tuesday's U.S, New York, Asia, Pacific, Japan, Saudi Arabia, Russia, London, Sydney

European stocks (.STOXX) slipped 0.6%, heading for their first daily loss in eight sessions, with German shares (.GDAXI) down the same amount. The MSCI world equity index (.MIWD00000PUS), which tracks shares in 47 countries, fell 0.2%. Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dropped 0.8% after the China data. Japan's Nikkei (.N225) also fell 0.3% on profit-taking after climbing to three-decade highs. Brent crude futures fell 0.3% to $75.97 a barrel after climbing 2.1% overnight.

Persons: Michael Hewson, Guy Miller, Brent, Tom Wilson, Stella Qiu, Dhara, Sam Holmes, Helen Popper, Christina Fincher Organizations: Global, Federal, Independence, CMC Markets, Reuters, Zurich Insurance Group, U.S, Japan's Nikkei, Thomson Locations: SYDNEY, China, U.S, Europe, United States, Asia, Pacific, Japan, Tokyo, Saudi Arabia, Russia, London, Sydney

Wall Street was set for losses, too, with S&P 500 futures and Nasdaq futures down 0.2%-0.4%. The MSCI world equity index (.MIWD00000PUS), which tracks shares in 47 countries, fell 0.2%. The U.S. dollar drifted near the middle of its range of the past three weeks against major peers, with the dollar index down 0.1% to 102.99, after tracking between 103.75 and 102.75 since early June. Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dropped 0.7% after the China data. Brent crude futures fell 0.2% to $76.05 a barrel after climbing 2.1% overnight.

Persons: Michael Hewson, Guy Miller, Brent, Tom Wilson, Stella Qiu, Dhara, Sam Holmes, Helen Popper Our Organizations: Nikkei, Global, Federal, Nasdaq, CMC Markets, Reuters, Zurich Insurance Group, U.S, Japan's Nikkei, Thomson Locations: SYDNEY, U.S, United States, Asia, Pacific, Japan, China, Saudi Arabia, Russia, London, Sydney

☆ Markets signal Fed doesn't want to risk recession, says BNP Paribas' Morris
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets signal Fed doesn't want to risk recession, says BNP Paribas' MorrisDaniel Morris, BNP Paribas Asset Management chief market strategist, and CNBC's Steve Liesman join 'Squawk on the Street' to discuss Morris' thoughts on the Federal Reserve's priorities, what the inverted yield curve means for the economy, and more.

Persons: Morris Daniel Morris, Steve Liesman, Morris Organizations: Markets, BNP, Asset Management

☆ Hanover Township, N.J.: ‘A Nice, Family-Oriented Place’
▼ + stars: | 2023-07-05 | by ( Jill P. Capuzzo | ) www.nytimes.com time to read: +1 min

Then they got word that the top offer on a house they’d bid on in Hanover Township had fallen through, and that their second-place offer — $60,000 over the $610,000 asking price — was now sufficient. In mid-June, they closed on the four-bedroom, two-and-a-half-bath split-level on 1.2 acres, and a few days later they were signing up for Hanover’s Bee Meadow Pool, library cards and new driver’s licenses. “Climactically and culturally, I just didn’t see us putting down permanent roots in California,” said Mr. Trexler, who grew up in nearby Summit, N.J. (Ms. Trexler, 46, grew up in East Hanover.) “It’s been so easy to reassimilate into what we had before. This Morris County township with about 15,000 residents has highly rated schools and some of the lowest property taxes in the area — and many buyers are scrambling to find a house there.

Persons: —, ”, Trexler, “ It’s, “ Locations: Hanover Township, California, Summit, N.J, East Hanover, North Jersey, Hanover, Morris County

☆ ‘Wham!’ Review: They Made It Big, Then Broke Up
▼ + stars: | 2023-07-05 | by ( Wesley Morris | ) www.nytimes.com time to read: +2 min

The new documentary about George Michael, Andrew Ridgeley and the music they made as Wham! — it’s just called “Wham!” — found me in a moment of need for a nostalgic, fantastical elixir, something short, sweet and tangential to my feeling of national blues. For one thing, Wham!, the duo, made soul music that popped. And the movie dances past all of the thorny moral and ethical questions of white people making Black stuff. The disembodied voices of Michael and Ridgeley guide the whole thing — rumination and memory as narration.

Persons: George Michael, Andrew Ridgeley, —, George, Barry Manilow, Freddie Mercury, Billy Joel, Oates, Chris Smith, Michael’s, ”, Ridgeley’s misapprehended, “ Son, Albert, Michael, Ridgeley, Georgios Kyriacos Panayiotou, Richard Simmons Organizations: BBC Locations: England, scrapbooks

In 2022, top importers of China's gallium products were Japan, Germany and the Netherlands, news website Caixin said, citing customs data. Top importers of germanium products were Japan, France, Germany and the United States, it said. The buyers were anticipating it could take as long as two months to obtain export permits. Jefferies analysts said they saw the export controls as China's second and bigger countermeasure after the Micron ban. "If this action doesn't change the U.S.-China dynamics, more rare earth export controls should be expected."

Persons: Peter Arkell, Jeffries, Janet Yellen, Arkell, Caixin, Morris Young, Roy Lee, Amy Lv, Brenda Goh, Siyi Liu, Kentaro Sugiyama, Joyce Lee, Ben Blanchard, Melanie Burton, Tom Hogue Organizations: China, Companies, Global Mining Association of China, U.S, AXT Inc, Micron, Jefferies, ., Thomson Locations: China, Beijing BEIJING, SHANGHAI, United States, Washington, Beijing, Japan, Germany, Netherlands, France, Europe, Taiwan, South Korea, Yunnan, Shanghai, Tokyo, Seoul, Taipei, Melbourne

☆ US firm AXT applying for permits after China restricts chipmaking exports
▼ + stars: | 2023-07-04 | by ( ) www.reuters.com time to read: +2 min

California-headquartered AXT, which has manufacturing facilities in China, said its Chinese subsidiary Tongmei would immediately proceed to apply for the permits. China's commerce ministry said on Monday it would control exports of eight gallium products and six germanium products from Aug. 1 to protect its national security and interests. Gallium is used in gallium nitride and gallium arsenide compound semiconductors for products ranging from power electronics to 5G base stations. In 2022, top importers of China's gallium products were Japan, Germany and the Netherlands, news website Caixin said, citing customs data. Top importers of germanium products are Japan, France, Germany and the United States.

Persons: Morris Young, AXT, Jefferies, Caixin, Brenda Goh, Tom Hogue Organizations: AXT Inc, U.S ., Micron, ., Thomson Locations: SHANGHAI, China, Beijing, . California, United States, Washington, U.S, Netherlands, Japan, Germany, France

☆ TSMC founder: Globalisation in technology takes backseat to national priorities
▼ + stars: | 2023-07-04 | by ( Sarah Wu | ) www.reuters.com time to read: +2 min

TAIPEI, July 4 (Reuters) - Globalisation is taking a backseat to priorities such as national security and technological leadership, with U.S.-China relations consisting more of competition than cooperation, the retired founder of Taiwanese chipmaker TSMC said on Tuesday. He has previously declared that globalisation in the chip sector dead. TSMC, Asia's most valuable listed company, is referred to in Taiwan as the "sacred mountain protecting the country" because of its economic importance. While TSMC has said its most advanced manufacturing will remain on the island, the company has ramped up expansion abroad in recent years. Beijing views democratically governed Taiwan as its own territory, a claim the government in Taipei strongly rejects.

Persons: chipmaker TSMC, Morris Chang, Chang, TSMC, Sarah Wu, Tom Hogue Organizations: U.S, Taiwan Semiconductor Manufacturing Co, Apple, Taiwan, Thomson Locations: TAIPEI, China, Taipei, Beijing, United States, Taiwan

☆ William Byrd: An Essential English Composer for Four Centuries
▼ + stars: | 2023-07-04 | by ( Hugh Morris | ) www.nytimes.com time to read: +2 min

It was not a conventional chapel, Johnstone noted, but a semiautonomous corporation of musicians in service of the monarch. The Chapel Royal also brought Byrd into contact with its then-organist, Thomas Tallis, who became his teacher and mentor and later a collaborator. After studying with Tallis, in 1563, Byrd left to take up the post of organist and master of the choristers at Lincoln Cathedral. But the cathedral’s governing chapter disapproved of Byrd’s organ playing and suspended his salary was suspended in 1569. And support for Byrd’s burgeoning career came from both England’s extant Catholic establishment and the queen herself.

Persons: Johnstone, Byrd, Thomas Tallis, Tallis, Lincoln “, ” Johnstone, ” Phillips, “, wasn’t, Queen Elizabeth I, John Dowland, John Bull, Richard Dering, Byrd didn’t, ”, Elizabeth Organizations: Royal, Lincoln Cathedral, Catholic, Chapel Royal Locations: Lincoln

☆ Analysis: Apple's growing stock market heft poses dilemma for fund managers
▼ + stars: | 2023-07-03 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The company’s weighting in the S&P 500 has swelled to 7.6%, the biggest of any one stock in the history of the benchmark index, according to S&P Dow Jones Indices. If shares of Apple keep rallying, that could hurt the results of active fund managers, who strive to beat indexes such as the S&P 500 or Russell 1000. The cost of limiting Apple shares may be particularly high for fund managers this year, given the stock's swelling weight in indexes. “Fund managers at their own peril don’t hold Apple and a handful of stocks just like it at index weight or about index weight,” Morris said. The stock is still his firm's fourth-largest holding, even though at 4% of the portfolio, it puts it underweight Apple versus the S&P 500.

Persons: Dow, Russell, Todd Sohn, Robby Greengold, Walter Todd, Todd, Alex Morris, ” Morris, Refinitiv Datastream, Peter Tuz, ” Tuz, Lewis Krauskopf, Ira Iosebashvili, Anna Driver Organizations: YORK, Dow Jones, Apple, Microsoft, Nvidia, Morningstar, Greenwood Capital, Research, “, Chase Investment, Thomson Locations: Apple’s, South Carolina, United Kingdom, Russell

☆ An Opera Partnership’s Next Step: A Fable About Happiness
▼ + stars: | 2023-07-03 | by ( Hugh Morris | ) www.nytimes.com time to read: +1 min

In one scene of George Benjamin’s new opera “Picture a Day Like This,” which premieres on Wednesday at the Aix-en-Provence Festival in France, a composer and her assistant cut off an interviewer midsentence. The composer asks whether there’s space in her schedule to speak; “five minutes,” the assistant replies. If the premiere of “Picture a Day Like This,” written with the playwright Martin Crimp, is highly anticipated, that is because anticipation has long accompanied new works by Benjamin, 63. Earlier stage works with Crimp, “Written on Skin” (2012) and “Lessons in Love and Violence” (2018), have quickly entered the repertory of major European opera houses. But it is their first opera, the one-act “Into the Little Hill,” from 2006, that most resembles “Picture a Day Like This,” in its size, duration and subject matter.

Persons: George Benjamin’s, midsentence, Benjamin, Martin Crimp, Crimp Organizations: West London Locations: Aix, Provence, France, ”

☆ Marlboro maker Altria says it wants to move away from cigarettes. Here's how
▼ + stars: | 2023-07-01 | by ( Shawn Baldwin | Jeniece Pettitt | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarlboro maker Altria says it wants to move away from cigarettes. Here's howAltria, the parent company of Philip Morris USA and the nation's largest tobacco company, says it wants to help smokers transition away from cigarettes. The Marlboro maker is launching new products like e-cigarettes and heat-not-burn products. But Altria's pivot has raised eyebrows among its critics. Cigarettes and cigars made up about 89% of the company's sales in 2022.

Persons: Altria, Philip Morris Organizations: Philip Morris USA Locations: Marlboro

☆ Marlboro maker Altria’s bet on smoke-free products
▼ + stars: | 2023-07-01 | by ( Shawn Baldwin | ) www.cnbc.com time to read: +1 min

But decades of evidence that smoking kills has caused consumption to plummet. The tobacco industry sold fewer than 11 billion packs of cigarettes in the U.S. in 2020, down from more than 21 billion packs two decades earlier, according to the Centers for Disease Control and Prevention. Altria, the parent company of Philip Morris USA and the nation's largest tobacco company, reported an almost 10% drop in cigarette sales last year compared with the year prior. The maker of Marlboro says it wants to help smokers transition away from cigarettes to what it calls "reduced harm alternatives" such as e-cigarettes and heat-not-burn products. So, are e-cigarettes and heat-not-burn products less harmful than traditional cigarettes?

Persons: Philip Morris Organizations: Centers for Disease Control, Philip Morris USA Locations: U.S, Marlboro

☆ Why the electric vehicle boom could put a major strain on the U.S. power grid
▼ + stars: | 2023-07-01 | by ( Katie Brigham | ) www.cnbc.com time to read: +9 min

Over half of all new cars sold in the U.S. by 2030 are expected to be electric vehicles. That could put a major strain on our nation's electric grid, an aging system built for a world that runs on fossil fuels. Major grid infrastructure needsCharging electric vehicles is quite electricity intensive. Larger electric vehicles such as the Ford F-150 Lightning would generally use more electricity than a central AC unit in a large home. The utility is tied to a four-year funding cycle for grid infrastructure upgrades, and its last funding request was in 2021.

Persons: That's, we've, Rob Gramlich, Gramlich, Lydia Krefta, Krefta, David Paul Morris, Aram Shumavon, Shumavon, we're, Sen, Joe Manchin, Joe Biden, Tesla Organizations: Rapid Energy, Princeton University, Grid, California Public Utilities Commission, EV, Tesla, Ford, Workers, Power Services, Pacific Gas & Electric, Bloomberg, Getty, Nissan Leaf, Ford Motor Company Locations: U.S, California, Northern, Central California, Healdsburg , California

☆ Big Tobacco posts warning signs at 220,000 US stores, wrapping up ongoing lawsuit since 1999
▼ + stars: | 2023-07-01 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

The signs will be installed in stores between July 1 and September 30, and must be displayed until June 30, 2025. An example of a corrective sign shows a large asterisk icon with the statement, “Smoking kills, on average, 1,200 Americans. The content of the corrective statements was finalized in 2017 and then began to run in different media forms. R.J. Reynolds said these corrective statement signs appear on its website and had previously appeared in newspapers, television, radio and on pack inserts. “The tobacco industry has evolved considerably since this lawsuit was filed nearly 25 years ago, back in 1999,” a spokesperson said.

Persons: Phillip Morris, RJ Reynolds, ”, Gladys Kessler’s, “, ” Kessler, Altria, R.J, Reynolds, vaping Organizations: New, New York CNN, Big Tobacco, ITG Brands, U.S . Department of Justice, “, Reynolds American Inc Locations: New York, America, Spanish

☆ US official visits Taiwan to discuss US-hosted APEC meetings
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, June 30 (Reuters) - A senior U.S. official charged with handling ties with the Asia-Pacific Economic Cooperation (APEC) bloc visited Taiwan this week for talks on his country's plans to host the grouping this year, the de facto U.S. embassy in Taipei said on Friday. APEC is one of the few international organisations to which Chinese-claimed Taiwan belongs, since Beijing, which views the island as a Chinese province, and not a country, blocks its participation in most others. Against the backdrop of military tension between Beijing and Taipei, past APEC summits have served as a rare conduit for direct engagement between Taiwan and China, which is also a member. The U.S. official, Matt Murray, visited Taiwan on Tuesday and Wednesday to discuss with senior officials issues related to APEC and the robust U.S.-Taiwan economic relationship, the American Institute in Taiwan said in a brief statement. Chang had a brief conversation with Chinese President Xi Jinping at the time, and also discussed semiconductors with U.S. Vice President Kamala Harris.

Persons: Matt Murray, Murray, Morris Chang, Chang, Xi Jinping, Kamala Harris, Ben Blanchard, Clarence Fernandez Organizations: U.S, Economic Cooperation, APEC, U.S ., American Institute, Thomson Locations: TAIPEI, Asia, Taiwan, Taipei, Beijing, China, Seattle, San Francisco, Bangkok

This is a 90-minute movie that doesn’t have the bonkers ideas, imagery or attitude to justify the five-plus hours it asks us to pay. But you know, that first episode seemed like it was really up to and onto something. We’re taken inside the hothouse of American celebrity to watch as it wilts beneath the California sun. An important joke is that the horror filmmaker Eli Roth is here, jittering in a small, pretty decent part. And dramaturgically speaking — to quote Jeremy Strong, an actor I’d rather be watching on Sunday nights — “The Idol” is curiously inert.

Persons: WESLEY MORRIS I’m, Jim, it’s, Eli Roth, Tedros Tedros, Lolita ”, Jocelyn, LINDSAY ZOLADZ, I’m, Jeremy Strong, I’d, can’t, Rachel Sennott, Marnie Michaels, plopped, Joy Randolph Organizations: wilts

SHANGHAI, June 29 (Reuters) - Geopolitics and the national security concerns of some countries are threatening the globalisation of the world’s chip industry and its future growth, the chairman and acting CEO of memory chipmaker Yangtze Memory Technologies (YMTC) said on Thursday. "Our industry itself is cyclical, and each practitioner has his own way of dealing with the cycle. The move barred YMTC's suppliers from shipping U.S. goods to it without a difficult-to-obtain licence. Chen hinted at YMTC's own troubles during his speech, with a direct appeal to equipment suppliers in attendance. "For YMTC that I manage, we can no longer procure parts and components for equipment we had legally bought.

Persons: Chen Nanxiang, Taiwan's TSMC, Morris Chang, Chen, Casey Hall, Muralikumar Anantharaman, Christina Fincher Organizations: Technologies, Huawei Technologies Co, Shanghai Newsroom, Thomson Locations: SHANGHAI, China, Shanghai, United States, Washington

Severe weather can happen any day of the year. Some people will go to a tornado shelter as soon as a warning is issued. The National Weather Service provides alerts in English and Spanish, which can limit communications with people who primarily speak other languages. How do I get a severe weather warning? Your cellphone should automatically receive severe weather warnings.

Persons: Kathleen Sherman, Morris, Sherman, ”, Amber Silver, Patrick Rios, Harvey, Kim Klockow, McClain, Rory Doyle, Klockow, Ilana Panich, Ms, “ Organizations: Mississippi State University, University, Social, National Weather Service, New, International, of, ., The New York Times, National Oceanic, Atmospheric Administration, The New York, Weather Service, Service Locations: Eastern Tennessee, Albany, Rockport , Texas, New York City, Rolling Fork, Miss, Austin , Texas, .

☆ A.I. gave markets a sudden boost but the tech rally is more broadly diversified, CIO says
▼ + stars: | 2023-06-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. gave markets a sudden boost but the tech rally is more broadly diversified, CIO saysAlex Morris, president and chief investment officer of F/m Investments, discusses the outlook for the tech sector.

Persons: Alex Morris

☆ Metaversity: Could this be the college campus of the future?
▼ + stars: | 2023-06-28 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

Video Ad Feedback Are 'metaversities' the college campus of the future? 03:14 - Source: CNNCNN —When Muhsinah Morris stepped onto the central quad of the Morehouse College campus in Atlanta, Georgia, she cried. Morehouse College is the world’s first Metaversity, an interactive, virtual learning space based on real or imagined environments. Muhsinah Morris, in person, at the real Morehouse College campus in Atlanta, Georgia. Morehouse’s Metaversity campus and courses are funded by several grantors, including Meta, Qualcomm, and T-Mobile.

Persons: Muhsinah Morris, ”, Morehouse, lockdowns, Morris wasn’t, Morris, Morehouse’s, “, —, Juan Johnson, Morris isn’t, Danny P, Goel, Rose Luckin, it’s Organizations: CNN CNN, Morehouse College, —, CNN, VR, Orthopedic, VictoryXR, University College London Knowledge Lab, Institute, Ethical AI, Morehouse, Meta, Qualcomm Locations: Atlanta , Georgia, Morehouse’s, Vancouver, Canada, “

☆ Here’s how the resilient housing market benefits our home improvement and construction stocks
▼ + stars: | 2023-06-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

There are new signs of a resilient housing market and a home renovation rebirth with potentially bullish implications for three of our Club names. Shares of Stanley Black & Decker (SWK) and Caterpillar (CAT), whose tools and machinery are used in homebuilding, have been on the upswing in recent weeks. "There are a lot of projects that go on top of residential construction that require mining materials, which Caterpillar is a big player in." Discounter retailer TJX should also reap the benefits of a resilient housing market as new and existing homeowners seek to furnish their homes with high-quality branded goods at a discount. (Jim Cramer's Charitable Trust is long SWK, CAT, TJX.

Persons: Stanley Black, Decker, Brett Linzey, Stanley, Michael Shlisky, Davidson, It's, Shlisky, Stuart Millar, Miller, Lennar, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Caterpillar, TJX, Commerce Department, Conference Board, Mizuho Securities, JPMorgan, Caterpillar's, Industries, D.A, Consumers, U.S, CNBC, Bloomberg, Getty Locations: homebuilding, North America, Lennar, TJX, Maxx, Emeryville , California

☆ Translating Tolstoy While Inciting Revolution
▼ + stars: | 2023-06-28 | by ( Jennifer Wilson | ) www.nytimes.com time to read: +3 min

Over time, Garnett’s detractors would make her out to be a prim and proper smotherer of the wild (male) Russian soul. In Russia, the abolition of serfdom was part of a series of reforms meant to stave off revolution. Stepniak wrote a profile of Zasulich for his book “Underground Russia” (1882), a study of the country’s new revolutionaries. In England, “Underground Russia” was a smash hit, going through three printings the year it was translated. In a 1991 biography of Constance, Richard Garnett, the pair’s grandson, writes that “the young lovers had a row about Land Nationalization.”

Persons: prim, Nabokov, Gogol, “, Kornei Chukovsky, Garnett, Stepniak, ”, uncouth, Constance Black, Alexander II, Ivan Turgenev’s, Vera Zasulich, Zasulich, Russia ”, Clementina, Eleanor Marx, Karl’s, William Morris’s, Edward Garnett, Edward, Constance, Richard Garnett Organizations: British Museum, Russia, Fabian Society Locations: Russian, Soviet, Crimean, Russia, Brighton, St . Petersburg, Europe, England, London

☆ 3 major companies trying to move supply chains out of China, and how they're faring in their attempts to move away from the factory of the world
▼ + stars: | 2023-06-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

Ted Cannis, a senior executive at Ford, told the Financial Times in December that there is a "large-scale rethinking of logistics operations" across the auto supply chain. "The supply chain is going to be the focus of this decade," Cannis said. Among the companies Apple is relying on to make the Vision Pro is Taiwan's Foxconn — which is the main supplier shifting its supply chain away from China. The move was made after China's COVID-19 lockdowns rocked supply chain and production timelines, but prices are the real driving reason behind the move. "Right now, robustness of our supply chain also needs to be considered to ensure the stable procurement of parts."

Persons: —, Donald Trump, lockdowns, COVID, Ashutosh Sharma, Forrester, Ted Cannis, Cannis, China's, Wellsenn, Cowell, Liu Young, TSMC, Morris Chang, Chips, Dylan Patel, SemiAnalysis, Tim Cook, Fang DongxuFeature, Mazda, China's COVID, Masahiro Moro, ", Moro Organizations: Mazda, Service, Privacy, East, Ford, Financial Times, Apple, Vision, Apple's, Cowell e Holdings, Future Publishing, Reuters Locations: China, India, Zhengzhou, Henan, Vietnam, Mexico, Taiwan, Arizona, Nanjing, Fang DongxuFeature China, Japan Japanese, Japan

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