Treasury Secretary Scott Bessent warned that TSMC's $40 billion Arizona semiconductor fabrication facility may meet only 7% of U.S. chip demand due to regulatory delays, citing challenges with building inspectors and red tape. TSMC plans to begin production at a second plant by 2027 and expects 30% of its 2nm capacity to originate from Arizona, while CFO Wendell Huang highlighted cautious 2025 capital expenditures of $42 billion.

Apple launched AppleCare One, a new plan offering simplified protection for multiple Apple devices, including iPhone, iPad, and Apple Watch. Priced at $19.99 per month, it covers up to three devices with flexible upgrades and includes features like 24/7 support, unlimited accidental damage repairs, and theft/loss protection. The plan is available in the U.S. starting July 24, 2025, and allows enrollment for existing devices under four years old.

Apple's subscription services, including Apple Music, Apple TV Plus, and Fitness Plus, are generating significant revenue and driving customer retention. The company is introducing new features like Emoji Game, Apple Invites, and Ready-Made Custom Plans in iOS 26 to enhance user engagement. Apple One, a bundled subscription plan, is highlighted as a value proposition amid rising prices from competitors.

Automakers are resisting Apple's CarPlay Ultra initiative, which aims to control more of the in-car experience. BMW, Audi, Mercedes-Benz, Polestar, and Volvo have no plans to adopt the technology, while Porsche, Kia, Hyundai, and Genesis remain committed. Apple's push for control faces resistance as automakers prioritize proprietary systems like BMW's iDrive.

The Dow Jones Industrial Average closed Thursday's session in the red, with IBM and Honeywell dragging down the index. The article explains the index's price-weighted calculation method and highlights the year-to-date performance of key components like Apple, United Health, and Salesforce, which contributed to the decline.