Interesting piece in the “B” (Marketplace) section of today’s Wall Street Journal, by Andrew Batson: The entire $179 estimated wholesale shipping price ofApple’s (AAPL) iPhone is counted as a Chinese export to the U.S. in official trade statistics, not as a U.S. export to the rest of the world.
Because the device goes through final assembly and is shipped from China, even though it goes through a supply chain that covers many Asian countries, its status in official trade statistics does not reflect that the device is designed and owned by Apple, Battson writes. A headache for the U.S., then: how to narrow the trade gap in a world increasingly dominated by foreign assembly?
Article via Barrons
WSJ: Apple’s iPhone Aggravates U.S. Trade Gap
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AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
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The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants