Oil prices steady as strong Chinese crude imports offset US-China trade dispute

Oil prices steadied on Wednesday as concerns about a deepening trade spat between the United States and China offset record Chinese imports and tighter global supplies. Brent crude oil futures were down 9 cents at $69.79 per barrel around 8:20 a.m. ET (1220 GMT) U.S. West Texas Intermediate crude futures rose 15 cents to $61.55 per barrel. Oil prices had rallied about 40 percent since the beginning of the year but the move higher has for now been put on the back burner,” said Stephen Brennock, a


Oil prices steadied on Wednesday as concerns about a deepening trade spat between the United States and China offset record Chinese imports and tighter global supplies. Brent crude oil futures were down 9 cents at $69.79 per barrel around 8:20 a.m. ET (1220 GMT) U.S. West Texas Intermediate crude futures rose 15 cents to $61.55 per barrel. Oil prices had rallied about 40 percent since the beginning of the year but the move higher has for now been put on the back burner,” said Stephen Brennock, a
Oil prices steady as strong Chinese crude imports offset US-China trade dispute Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-08
Keywords: news, cnbc, companies, trade, texas, china, futures, steady, imports, prices, crude, energy, strong, oil, offset, chinese, uschina, dispute, states, united


Oil prices steady as strong Chinese crude imports offset US-China trade dispute

A worker walks through an oil production facility owned by Parsley Energy in the Permian Basin near Midland, Texas, August 23, 2018.

Oil prices steadied on Wednesday as concerns about a deepening trade spat between the United States and China offset record Chinese imports and tighter global supplies.

Brent crude oil futures were down 9 cents at $69.79 per barrel around 8:20 a.m. ET (1220 GMT) U.S. West Texas Intermediate crude futures rose 15 cents to $61.55 per barrel.

“It has been a less than auspicious start to the month for the energy complex. Oil prices had rallied about 40 percent since the beginning of the year but the move higher has for now been put on the back burner,” said Stephen Brennock, analyst at London-based oil brokerage PVM.

Oil prices have fallen this week due to announcements from Washington that the United States would further raise tariffs on Chinese goods on Friday. The move came after China backtracked on a wide range of core U.S. demands, Reuters reported on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-05-08
Keywords: news, cnbc, companies, trade, texas, china, futures, steady, imports, prices, crude, energy, strong, oil, offset, chinese, uschina, dispute, states, united


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US-China dispute on tech will be a ‘multi-decade process’: Strategist

05:23 | 11:47 AM ET Wed, 1 May 2019


05:23 | 11:47 AM ET Wed, 1 May 2019
US-China dispute on tech will be a ‘multi-decade process’: Strategist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, dispute, 0523, tech, et, strategist, process, 2019, uschina, multidecade, 1147


US-China dispute on tech will be a 'multi-decade process': Strategist

05:23 | 11:47 AM ET Wed, 1 May 2019


Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, dispute, 0523, tech, et, strategist, process, 2019, uschina, multidecade, 1147


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EU belittles US claims as ‘frankly childish’ at WTO Airbus hearing

A European Union trade lawyer fired withering put-downs at U.S. claims for damages due to subsidies for European planemaker Airbus in a recording of a dispute hearing made available by the World Trade Organization (WTO) on Tuesday. The EU lawyer, whom diplomats identified as James Flett, described some U.S. claims in the case as “frankly childish” and said some of the data appeared to have been provided by Airbus’ U.S. rival Boeing Co. The two firms’ rival claims have fuelled almost 15 years of


A European Union trade lawyer fired withering put-downs at U.S. claims for damages due to subsidies for European planemaker Airbus in a recording of a dispute hearing made available by the World Trade Organization (WTO) on Tuesday. The EU lawyer, whom diplomats identified as James Flett, described some U.S. claims in the case as “frankly childish” and said some of the data appeared to have been provided by Airbus’ U.S. rival Boeing Co. The two firms’ rival claims have fuelled almost 15 years of
EU belittles US claims as ‘frankly childish’ at WTO Airbus hearing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01
Keywords: news, cnbc, companies, childish, data, airbus, flett, claims, trade, damage, subsidies, belittles, hearing, lawyer, frankly, boeing, eu, wto, dispute


EU belittles US claims as 'frankly childish' at WTO Airbus hearing

A European Union trade lawyer fired withering put-downs at U.S. claims for damages due to subsidies for European planemaker Airbus in a recording of a dispute hearing made available by the World Trade Organization (WTO) on Tuesday.

The EU lawyer, whom diplomats identified as James Flett, described some U.S. claims in the case as “frankly childish” and said some of the data appeared to have been provided by Airbus’ U.S. rival Boeing Co.

The two firms’ rival claims have fuelled almost 15 years of litigation at the WTO. After both were found to have received illegal subsidies, each side wants to gain the upper hand by winning the right to trade sanctions to compensate for economic damage.

The latest comments, released as an audio recording on Tuesday, were made at a dispute hearing in February. Hearings are normally secret, but a few are made public.

An unnamed U.S. trade lawyer spoke first for about 30 minutes, saying the U.S. calculation was “eminently straightforward and logical”, amounting to an annual $10.8 billion in damages.

Denying such a level of sanctions would “cement in perpetuity” the damage done by the EU subsidies, which had caused the United States “economic pain” for at least two decades, he said.

After 14 years of litigation it was long past time for the EU to argue about the damage it had done.

“The EU is wrong,” the U.S. lawyer told the hearing.

U.S. President Donald Trump tweeted about the dispute on April 9, promising $11 billion of tariffs. “The EU has taken advantage of the U.S. on trade for many years. It will soon stop!,” Trump wrote.

In a statement that ran to 100 minutes, Flett accused the United States of using double counting and unreliable data to inflate the amount of damage caused by Airbus subsidies and to erroneously claim that the damage was recurring.

In fact, the continuing effect of the subsidies was “precisely zero”, Flett said, describing it as “an inconvenient truth”.

Substantial parts of the evidence required to support the U.S. case were “missing, incomplete, inconsistent, non-verifiable, and in fact, wholly unreliable”, he added.

The U.S. case included price data for Boeing planes, but it was distorted because the prices mainly related to VIP customers, he said.

“This is really serious, Mr. Chairman, because at the moment, what you’re looking at is numbers, apparently, that have been provided by Boeing. Boeing has a massive commercial interest in the outcome of this process,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-05-01
Keywords: news, cnbc, companies, childish, data, airbus, flett, claims, trade, damage, subsidies, belittles, hearing, lawyer, frankly, boeing, eu, wto, dispute


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Tesla’s Elon Musk continues Twitter dispute with Jim Cramer

Tesla’s Elon Musk continues Twitter dispute with Jim Cramer2 Hours AgoCNBC’s Jim Cramer got into a tweet off with Tesla’s Elon Musk. The “Squawk on the Street” crew discuss the latest development in the discussion.


Tesla’s Elon Musk continues Twitter dispute with Jim Cramer2 Hours AgoCNBC’s Jim Cramer got into a tweet off with Tesla’s Elon Musk. The “Squawk on the Street” crew discuss the latest development in the discussion.
Tesla’s Elon Musk continues Twitter dispute with Jim Cramer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29
Keywords: news, cnbc, companies, street, jim, teslas, dispute, continues, elon, musk, twitter, latest, hours, cramer, squawk


Tesla's Elon Musk continues Twitter dispute with Jim Cramer

Tesla’s Elon Musk continues Twitter dispute with Jim Cramer

2 Hours Ago

CNBC’s Jim Cramer got into a tweet off with Tesla’s Elon Musk. The “Squawk on the Street” crew discuss the latest development in the discussion.


Company: cnbc, Activity: cnbc, Date: 2019-04-29
Keywords: news, cnbc, companies, street, jim, teslas, dispute, continues, elon, musk, twitter, latest, hours, cramer, squawk


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US-China trade: Manufacturing, supply chain changes amid dispute, says Bain

The U.S.-China trade dispute is pushing American multinational companies to relocate their factories and adjust business strategies for their supply chains in the next 12 months, according to a survey by Bain and Company. “The shift is happening,” said Gerry Mattios, vice president at consulting firm, Bain. “They see customers having to pay part of it, and they are trying to see how to reassess their supply chains.” A supply chain is a network between a company and its suppliers to produce and d


The U.S.-China trade dispute is pushing American multinational companies to relocate their factories and adjust business strategies for their supply chains in the next 12 months, according to a survey by Bain and Company. “The shift is happening,” said Gerry Mattios, vice president at consulting firm, Bain. “They see customers having to pay part of it, and they are trying to see how to reassess their supply chains.” A supply chain is a network between a company and its suppliers to produce and d
US-China trade: Manufacturing, supply chain changes amid dispute, says Bain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: huileng tan, -gerry mattios, vice president at bain
Keywords: news, cnbc, companies, manufacturing, trade, amid, survey, china, mattios, worlds, supply, uschina, chain, advantage, bain, changes, companies, dispute


US-China trade: Manufacturing, supply chain changes amid dispute, says Bain

The U.S.-China trade dispute is pushing American multinational companies to relocate their factories and adjust business strategies for their supply chains in the next 12 months, according to a survey by Bain and Company.

“The shift is happening,” said Gerry Mattios, vice president at consulting firm, Bain.

“Back at (the) end of 2018, when we ran a similar report, we found out a lot of companies — over 50 percent — were actually sitting on the fence … there were no major actions taken,” Mattios told CNBC’s “Squawk Box” on Monday.

But now, 60 percent of the respondents said they are ready to take action, as they see headwinds on their balance sheets, he added. “They see customers having to pay part of it, and they are trying to see how to reassess their supply chains.”

A supply chain is a network between a company and its suppliers to produce and distribute the firm’s products.

Even though China has had a significant cost advantage that propelled the country to its leading position as the world’s manufacturing hub, that advantage is eroding as costs rise, Mattios said.

The survey polled more than 200 high-level executives and senior supply chain officers at U.S. multinationals with operations in China, and sought to gauge their perspectives on the ongoing trade dispute.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: huileng tan, -gerry mattios, vice president at bain
Keywords: news, cnbc, companies, manufacturing, trade, amid, survey, china, mattios, worlds, supply, uschina, chain, advantage, bain, changes, companies, dispute


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Russia wins WTO ‘national security’ case in potential boost for Trump

The WTO panel ruling, the first ever on the right to a national security exemption from the global trade rules, can be appealed. The panel also confirmed the WTO’s right to review national security claims, denting U.S. claims that national security was not subject to review by the global trade body. The panel also confirmed the WTO’s right to review national security claims, denting U.S. claims that national security was not subject to review, and said any such claim should be “objectively” true


The WTO panel ruling, the first ever on the right to a national security exemption from the global trade rules, can be appealed. The panel also confirmed the WTO’s right to review national security claims, denting U.S. claims that national security was not subject to review by the global trade body. The panel also confirmed the WTO’s right to review national security claims, denting U.S. claims that national security was not subject to review, and said any such claim should be “objectively” true
Russia wins WTO ‘national security’ case in potential boost for Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: marcos brindicci
Keywords: news, cnbc, companies, wto, case, wins, dispute, wtos, russia, trump, boost, security, ruling, national, trade, claims, review, right, potential


Russia wins WTO 'national security' case in potential boost for Trump

Russia won a dispute about “national security” at the World Trade Organization on Friday, in a ruling over a Ukrainian railway dispute that may also lend support to global automobile tariffs that could be imposed by U.S. President Donald Trump.

The WTO panel ruling, the first ever on the right to a national security exemption from the global trade rules, can be appealed. The panel also confirmed the WTO’s right to review national security claims, denting U.S. claims that national security was not subject to review by the global trade body.

The panel also confirmed the WTO’s right to review national security claims, denting U.S. claims that national security was not subject to review, and said any such claim should be “objectively” true, relating to weapons, war, fissionable materials or an “emergency in international relations”.

“An emergency in international relations would, therefore, appear to refer generally to a situation of armed conflict, or of latent armed conflict, or of heightened tension or crisis, or of general instability engulfing or surrounding a state,” it said.

The ruling, the first ever on national security, can be appealed.

Invoking national security was taboo at the WTO for decades after it was founded in 1995. Diplomats referred to it as “Pandora’s box” which could never be closed once it was opened, and would undermine the discipline of the WTO’s widely accepted rules.

But in the past three years, Russia has cited it in the dispute with Ukraine, Trump has used it to justify tariffs on steel, aluminium and — potentially — autos, and Bahrain, the United Arab Emirates and Saudi Arabia have cited it in a dispute with Qatar.

Ukraine went to the WTO in 2016, complaining of a huge reduction in trade with Asia and the Caucasus region after Russian President Vladimir Putin banned road and rail transport from Ukraine unless the route also went through Belarus.

Russia’s Economy Ministry said that Friday’s ruling had recognised Ukraine’s arguments to be unfounded, and said the issue was of systemic importance for the WTO.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: marcos brindicci
Keywords: news, cnbc, companies, wto, case, wins, dispute, wtos, russia, trump, boost, security, ruling, national, trade, claims, review, right, potential


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Autonomy founder Lynch set for $5 billion Hewlett-Packard court showdown

Mike Lynch, once hailed as Britain’s answer to Bill Gates, faces Hewlett-Packard (HP) in London’s High Court on Monday in a multi-billion dollar showdown over the U.S. technology company’s 2011 purchase of the Autonomy software business he founded. Lynch has denied the allegations and said the failure of the $11 billion acquisition was down to HP’s mismanagement. An amended indictment filed on Friday added charges against both men, including a securities fraud count against Lynch that could subj


Mike Lynch, once hailed as Britain’s answer to Bill Gates, faces Hewlett-Packard (HP) in London’s High Court on Monday in a multi-billion dollar showdown over the U.S. technology company’s 2011 purchase of the Autonomy software business he founded. Lynch has denied the allegations and said the failure of the $11 billion acquisition was down to HP’s mismanagement. An amended indictment filed on Friday added charges against both men, including a securities fraud count against Lynch that could subj
Autonomy founder Lynch set for $5 billion Hewlett-Packard court showdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: chris ratcliffe, bloomberg, getty images
Keywords: news, cnbc, companies, royal, founder, lynch, hp, dispute, hewlettpackard, hussain, firm, set, court, billion, showdown, software, autonomy, hps, fraud


Autonomy founder Lynch set for $5 billion Hewlett-Packard court showdown

Mike Lynch, once hailed as Britain’s answer to Bill Gates, faces Hewlett-Packard (HP) in London’s High Court on Monday in a multi-billion dollar showdown over the U.S. technology company’s 2011 purchase of the Autonomy software business he founded.

The case is part of a dispute between HP and Lynch lasting more than six years over who is to blame for the disastrous deal, which ended up costing the Silicon Valley stalwart’s shareholders billions of dollars.

HP is seeking damages of around $5 billion from Lynch and his former colleague Sushovan Hussain, alleging that they inflated the value of Autonomy before selling the big data firm, whose software searches and organizes unstructured information, such as telephone conversations.

Lynch has denied the allegations and said the failure of the $11 billion acquisition was down to HP’s mismanagement.

The 53-year-old, whose doctoral thesis is one of the most consulted at Cambridge University, is counter-suing for more than $160 million for loss and damage caused by HP’s actions.

Autonomy was supposed to be the centerpiece of a plan to transform HP from a PC and printer maker into a software-focused enterprise services firm, a shift successfully undertaken by IBM in the previous two decades.

Lynch has been engaged in a war of words with HP ever since he was fired by former HP CEO Meg Whitman in 2012 less than a year after the deal was completed.

The entrepreneur has maintained his standing in the British tech scene by investing in a string of new companies and through membership of bodies such as the Royal Society.

However, the stakes in the dispute escalated in November when Lynch and Stephen Chamberlain, another former Autonomy executive, were indicted for wire fraud in the United States, a charge that carries a maximum term of 20 years imprisonment.

An amended indictment filed on Friday added charges against both men, including a securities fraud count against Lynch that could subject him to a 25-year prison term.

Lynch has stepped down from his government advisory role and from Royal Society committees. Hussain was found guilty in a related case in April 2018, but has not yet been sentenced.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: chris ratcliffe, bloomberg, getty images
Keywords: news, cnbc, companies, royal, founder, lynch, hp, dispute, hewlettpackard, hussain, firm, set, court, billion, showdown, software, autonomy, hps, fraud


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Southwest and its mechanics reach a tentative deal in labor dispute

Southwest Airlines and a union representing its mechanics could be on the verge of ending a bitter, long-running labor dispute that has triggered hundreds of flight cancellations and raised safety concerns. The two sides announced the tentative contract agreement late Saturday after six years of negotiations between Southwest and the Aircraft Mechanics Fraternal Association. The deal still needs to be voted on by the roughly 2,400 mechanics who will receive a 20 percent raise if the contract is


Southwest Airlines and a union representing its mechanics could be on the verge of ending a bitter, long-running labor dispute that has triggered hundreds of flight cancellations and raised safety concerns. The two sides announced the tentative contract agreement late Saturday after six years of negotiations between Southwest and the Aircraft Mechanics Fraternal Association. The deal still needs to be voted on by the roughly 2,400 mechanics who will receive a 20 percent raise if the contract is
Southwest and its mechanics reach a tentative deal in labor dispute Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: bloomberg, getty images
Keywords: news, cnbc, companies, agreement, voted, union, dispute, deal, week, labor, mechanics, airlines, verge, tentative, warned, southwest, contract, reach


Southwest and its mechanics reach a tentative deal in labor dispute

Southwest Airlines and a union representing its mechanics could be on the verge of ending a bitter, long-running labor dispute that has triggered hundreds of flight cancellations and raised safety concerns.

The two sides announced the tentative contract agreement late Saturday after six years of negotiations between Southwest and the Aircraft Mechanics Fraternal Association.

The deal still needs to be voted on by the roughly 2,400 mechanics who will receive a 20 percent raise if the contract is approved. The five-year contract also calls for $160 million in bonuses for the mechanics.

The agreement, reached in a week of mediation, came after the Federal Aviation Administration warned that the deteriorating relationship between Southwest and its mechanics threatened to undermine the airline’s safety-management system.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: bloomberg, getty images
Keywords: news, cnbc, companies, agreement, voted, union, dispute, deal, week, labor, mechanics, airlines, verge, tentative, warned, southwest, contract, reach


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Apple is adding 1,200 employees in Qualcomm’s backyard as their legal dispute wages on

Apple announced Wednesday it is bringing 1,200 employees to a San Diego office over the next three years, growing its presence right in the backyard of its current legal rival Qualcomm. Apple’s expansion comes as the two companies continue in an ongoing multinational legal battle, with Qualcomm alleging Apple violated its patents and Apple alleging Qualcomm has inaccurately charged it royalties to use its chips in devices. Apple recently stopped using modems made by Qualcomm and switched to Inte


Apple announced Wednesday it is bringing 1,200 employees to a San Diego office over the next three years, growing its presence right in the backyard of its current legal rival Qualcomm. Apple’s expansion comes as the two companies continue in an ongoing multinational legal battle, with Qualcomm alleging Apple violated its patents and Apple alleging Qualcomm has inaccurately charged it royalties to use its chips in devices. Apple recently stopped using modems made by Qualcomm and switched to Inte
Apple is adding 1,200 employees in Qualcomm’s backyard as their legal dispute wages on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: lauren feiner, stephanie keith, getty images, feng li, getty images news
Keywords: news, cnbc, companies, 1200, wages, team, office, legal, qualcomm, qualcomms, plans, dispute, employees, positions, modems, adding, according, apple, release, recently, backyard


Apple is adding 1,200 employees in Qualcomm's backyard as their legal dispute wages on

Apple announced Wednesday it is bringing 1,200 employees to a San Diego office over the next three years, growing its presence right in the backyard of its current legal rival Qualcomm.

Apple’s expansion comes as the two companies continue in an ongoing multinational legal battle, with Qualcomm alleging Apple violated its patents and Apple alleging Qualcomm has inaccurately charged it royalties to use its chips in devices.

Reuters reported last month that Apple has moved its modem chip engineering team from its supply chain unit into its in-house hardware technology group, suggesting it could be looking to bring a component it used to buy from Qualcomm into its own facilities. Apple recently stopped using modems made by Qualcomm and switched to Intel chips instead.

San Diego Mayor Kevin Faulconer tweeted his support of Apple’s expansion, which he said “will increase local jobs by an additional 20%.” Apple plans to add as many as 200 employees by the end of 2019, according to a press release from Faulconer’s office. Apple said said its new positions would span a variety of specialty engineering fields in hardware and software, according to the release. The company plans also to develop thousands of square feet of office, lab and research space in the area to accommodate the new employees.

Apple has recently begun posting dozens of positions relating to designing cellular modems and integrated application processors, according to EE Times. Wednesday’s announcement shows it’s serious about building out a team in a city that is a popular chip hub.

Subscribe to CNBC on YouTube.

Watch: Qualcomm’s General Counsel: German Apple ban not up for interpretation


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: lauren feiner, stephanie keith, getty images, feng li, getty images news
Keywords: news, cnbc, companies, 1200, wages, team, office, legal, qualcomm, qualcomms, plans, dispute, employees, positions, modems, adding, according, apple, release, recently, backyard


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Apple is adding 1,200 employees in Qualcomm’s backyard as their legal dispute wages on

Apple announced Wednesday it is bringing 1,200 employees to a San Diego office over the next three years, growing its presence right in the backyard of its current legal rival Qualcomm. Apple’s expansion comes as the two companies continue in an ongoing multinational legal battle, with Qualcomm alleging Apple violated its patents and Apple alleging Qualcomm has inaccurately charged it royalties to use its chips in devices. Apple recently stopped using modems made by Qualcomm and switched to Inte


Apple announced Wednesday it is bringing 1,200 employees to a San Diego office over the next three years, growing its presence right in the backyard of its current legal rival Qualcomm. Apple’s expansion comes as the two companies continue in an ongoing multinational legal battle, with Qualcomm alleging Apple violated its patents and Apple alleging Qualcomm has inaccurately charged it royalties to use its chips in devices. Apple recently stopped using modems made by Qualcomm and switched to Inte
Apple is adding 1,200 employees in Qualcomm’s backyard as their legal dispute wages on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: lauren feiner, stephanie keith, getty images, feng li, getty images news
Keywords: news, cnbc, companies, 1200, wages, team, office, legal, qualcomm, qualcomms, plans, dispute, employees, positions, modems, adding, according, apple, release, recently, backyard


Apple is adding 1,200 employees in Qualcomm's backyard as their legal dispute wages on

Apple announced Wednesday it is bringing 1,200 employees to a San Diego office over the next three years, growing its presence right in the backyard of its current legal rival Qualcomm.

Apple’s expansion comes as the two companies continue in an ongoing multinational legal battle, with Qualcomm alleging Apple violated its patents and Apple alleging Qualcomm has inaccurately charged it royalties to use its chips in devices.

Reuters reported last month that Apple has moved its modem chip engineering team from its supply chain unit into its in-house hardware technology group, suggesting it could be looking to bring a component it used to buy from Qualcomm into its own facilities. Apple recently stopped using modems made by Qualcomm and switched to Intel chips instead.

San Diego Mayor Kevin Faulconer tweeted his support of Apple’s expansion, which he said “will increase local jobs by an additional 20%.” Apple plans to add as many as 200 employees by the end of 2019, according to a press release from Faulconer’s office. Apple said said its new positions would span a variety of specialty engineering fields in hardware and software, according to the release. The company plans also to develop thousands of square feet of office, lab and research space in the area to accommodate the new employees.

Apple has recently begun posting dozens of positions relating to designing cellular modems and integrated application processors, according to EE Times. Wednesday’s announcement shows it’s serious about building out a team in a city that is a popular chip hub.

Subscribe to CNBC on YouTube.

Watch: Qualcomm’s General Counsel: German Apple ban not up for interpretation


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: lauren feiner, stephanie keith, getty images, feng li, getty images news
Keywords: news, cnbc, companies, 1200, wages, team, office, legal, qualcomm, qualcomms, plans, dispute, employees, positions, modems, adding, according, apple, release, recently, backyard


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