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Search results for Howard Lutnick

Industry

Final stage of U.S. investment talks: Can South Korea win duty-free export cap for chips?

Detailed talks over $200 billion of South Korea’s $350 billion investment package for the United States are entering a final stage, with Industry Minister Kim Jeong-gwan travelling to meet U.S. Commerce Secretary Howard Lutnick. Observers say Seoul needs to secure a written duty-free export quota for semiconductors proportional to investment as Washington designs chip tariffs to push more local production. Uncertainty remains over formulas and product coverage, while the government discusses responses across agencies.

AI & Enterprise

Trump semiconductor tariffs put U.S. AI on alert; data center projects could lose 20 percent

The Trump administration is reviewing new tariffs on semiconductors and a broad range of chip-containing products, raising concerns that the U.S. AI industry could be hit directly. The proposal could cover derived products such as game consoles and data center servers, and possibly used or refurbished goods. Industry groups warn it could raise supply chain costs, delay or cancel data center projects, and push investment overseas while also lifting prices for everyday devices and slowing new AI products.

AI & Enterprise

Apple to make Mac mini in U.S., opens Houston plant to produce AI servers

Apple is opening a new manufacturing facility in Houston, Texas, and will produce Mac mini desktop computers there from later this year. Part of the site is already assembling AI servers for Apple. Chief Executive Tim Cook attended the opening event with U.S. Commerce Secretary Howard Lutnick and other officials. Apple plans to run the site as a manufacturing center offering free education and training programs for companies.