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The amount available at the end of the day for either Apple or the Irish government from lengthy legal proceedings over the company’s Irish tax affairs lost almost a billion dollars in the last year ahead of the final ruling. If the EU wins, the sum will be handed over to the Irish government; if the EU loses, it will be returned to Apple. The Irish Times: A quick recap: the State set up the escrow account in 2018 to hold €14.3 billion of alleged back taxes and interest that the European Commission ordered it to collect from Apple, even as the State and the iPhone maker appealed the matter before the courts in Luxembourg. Apple and the Government won…
Some €14.3B ($15.5B) has been sitting in an Apple Irish tax escrow account, while we await for a final ruling on whether or not the sum has to be paid. But it’s reported that the fund has lost almost a billion euros (or dollars) since it was established back in 2018. The current value of the fund – which will either be handed over to the Irish government, or returned to Apple – is said to have fallen to €13.4B ($14.6B) … more… The post Apple Irish tax account has lost almost a billion dollars while awaiting a ruling appeared first on 9to5Mac.
China's government has moved forward with restricting exports on certain materials central to chip manufacture — but TSMC does not foresee this will impact production in the short term for Apple devices.TSMCTensions between the United States and China continue, with the two government bodies going back and forth with specific restrictions impacting businesses on both sides. It's notable enough that major companies like TSMC are considering moving some of its operations to Japan, hoping to avoid some potential blowback. Read more...
Macworld The words “generative AI” are on everyone’s lips at the moment. These technologies can create text, images, or video clips from simple prompts, and could change the media landscape as we know it. Adobe certainly thinks generative AI is worth further investigation, and is putting its marketing muscle behind Generative Fill, a new Photoshop feature that allows you to edit or manipulate your images in entirely new ways. You can see for yourself how it works in the image below: drag the slider left and right to see the before and after. The blank areas were filled in–which is to say, extrapolated from what’s in the rest of the image–by Photoshop’s artificial intelligence. Thanks to technologies like this it…
Alphabet Inc. subsidiary Google is set to appoint manufacturing and policy veteran Sreenivasa Reddy as its top government affairs executive in India to tackle legal challenges and expand hardware assembly to the country. Sankalp Phartiyal for Bloomberg News: Reddy, currently a senior engineering executive at Microsoft Corp., is likely to join Google toward the end of this year, people familiar with the matter said, asking not to be identified as the matter is private. He previously worked in senior positions at Apple Inc.’s India regulatory team and headed government relations at the local unit of Swedish telecom-gear maker Ericsson AB, helping to drive domestic manufacturing at both companies. Reddy’s experience will come in handy at Google, which is scouting for…
Apple supplier Taiwan Semiconductor Manufacturing Company today confirmed to TechCrunch that it recently suffered a data breach. TSMC is responsible for creating all of the A-series and M-series chips used in Apple devices. A TSMC spokesperson said that a "cybersecurity incident" caused data "pertinent to server initial setup and configuration" to leak, but TSMC customer information was not impacted."Upon review, this incident has not affected TSMC's business operations, nor did it compromise any TSMC's customer information. After the incident, TSMC has immediately terminated its data exchange with this concerned supplier in accordance with the Company's security protocols and standard operating procedures."Data from TSMC was listed on the LockBit ransomware gang's website on Thursday, with LockBit demanding $70 million to prevent…
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