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Trump Accuses Intel CEO of China Conflicts, Calls for Exit

Trump Demands Intel CEO’s Resignation Over China Ties

Abhyudaya Mittal August 8, 2025

President Donald Trump called for the immediate resignation of Intel’s new CEO, Lip-Bu Tan, on Thursday, citing his purported “highly conflicted” associations with Chinese technology companies. Trump stated on Truth Social, “The CEO of Intel is highly conflicted and must resign immediately. There is no alternative solution to this issue. Thank you for your attention to this matter.” Following his comment, Intel’s stock fell sharply in premarket trading, declining about 5%, NBC News reported.

Apple Commits $100B to U.S. Manufacturing in Landmark Trump-Cook Deal

Apple to Invest Additional $100B in U.S. Manufacturing

Shipra Prajapati August 7, 2025

Apple CEO Tim Cook recently announced a significant investment plan alongside President Donald Trump at the White House. The company will invest an additional $100 billion over the next four years in US manufacturing, aiming to increase the domestically-made iPhone supply and reinforce its presence in the United States. Trump hailed this as a major step towards ensuring iPhones are made in America and highlighted it as part of a broader investment boom. The initiative, called the American Manufacturing Programme, focuses on expanding Apple’s supply chain within the US, including components like semiconductor chips, with partners such as Corning, Coherent, Applied Materials, Texas Instruments, and Broadcom.

OpenAI Eyes $500B Valuation in Employee Stock Sale Talks

OpenAI is Aiming for $500 Billion Valuation: Source

Abhyudaya Mittal August 6, 2025

OpenAI, the creator of ChatGPT, is in preliminary talks about a stock offering that could enable employees to cash out and may value the company at approximately $500 billion, a source familiar with the situation said.

Tesla’s Board Doubles Down on Musk’s Mega Pay Amid Legal Limbo

Elon Musk Receives $29 Billion in pay from Tesla

Shipra Prajapati August 5, 2025

Tesla’s board is granting CEO Elon Musk a significant compensation package worth approximately $29 billion, even amid ongoing legal challenges and shareholder disagreements. The package involves 96 million Tesla shares, each trading at just over $300, with Musk paying $23.34 per share, consistent with his initial 2018 award. This comes after a Delaware court rejected Musk’s 2018 performance-based award twice, and he is currently appealing the decision.

Tesla to Pay $329M in Landmark Autopilot Wrongful Death Verdict

Florida Jury Orders Tesla to Pay $329 Million for Autopilot Crash

Divyakshi Saini August 4, 2025

A jury in Florida held Tesla liable for a fatal accident in 2019 involving an Autopilot-enabled Model S, awarding a total of $329 million in damages. Naibel Benavides Leon’s estate, along with her former partner Dillon Angulo, was awarded $129 million in compensatory damages and $200 million in punitive damages. This case represents the inaugural wrongful death case associated with Tesla’s Autopilot. The plaintiffs initially sought $345 million.

Microsoft Surpasses $4 Trillion in Market Cap After Blockbuster Earnings

Microsoft’s MCap Reached $4T Milestone, Second After Nvidia

Abhyudaya Mittal August 1, 2025

In a landmark moment for tech, Microsoft crossed the $4 trillion market cap for the first time, joining NVIDIA as the only public companies to reach the milestone. Shares soared 8 to 9 percent after hours on July 30, pushing its valuation to $4.1 trillion.

Federal Reserve Maintains Rate Hold, Seeks More Data Before Easing

Despite Trump Pressure, Feds to Keep Rates Steady!

Tanishka Jain July 31, 2025

The US Central Bank on Wednesday shared that it will keep the federal funds rate steady. Federal Reserve Chair Jerome Powell’s comments after the decision lowered confidence that the rates will be down even in September, a period when the Federal Reserve usually cuts its rates. This can create a quarrel between the Federal Reserve and the Trump administration as the latter has demanded immediate and steep relief in the interest rates.

LG Energy Signs $4.3 Billion Deal to Supply Tesla with U.S. Made ESS Batteries

Tesla Commits $4.3B to LG Batteries in Strategic China Pivot

Abhyudaya Mittal July 30, 2025

LG Energy Solution has landed a $4.3 billion contract to supply energy storage batteries to Tesla, a source familiar with the deal said, as the U.S. automaker seeks to diversify its supply chain and cut dependence on Chinese imports amid rising tariffs.

Nayara Energy Sues Microsoft as Geopolitics Hits Operations

EU-Sanctioned Nayara Energy Sues Microsoft over Suspended Services at Gujarat Refinery

Divyakshi Saini July 29, 2025

Nayara Energy, partly owned by Russian oil giant Rosneft, announced on Monday that it has initiated legal action against Microsoft Corp. for suspending essential services after the European Union sanctioned its Vadinar refinery as part of measures to restrict Russian energy trade.

Tesla Turns to Samsung for AI Chip Power in $16.5 Billion Partnership

Samsung’s Texas Plant to Build Tesla’s Next-Gen AI6 Chips

Divyakshi Saini July 28, 2025

Tesla CEO Elon Musk announced on Monday that the U.S. automaker has signed a chip supply agreement with Samsung Electronics. This deal is expected to strengthen Samsung’s struggling contract manufacturing business. On Saturday, Samsung revealed a $16.5 billion chip supply deal with a major global firm, though it did not disclose the client’s name. The company stated the client requested confidentiality, and the agreement will last until the end of 2033. Reuters sources confirmed that Tesla is the customer involved in this deal.

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