Techmeme
April 9, 2025, 4:15 AM

Top News

Chance Miller / 9to5Mac:
White House Press Secretary Karoline Leavitt says that President Trump “believes” the US has the labor, workforce, and resources to build iPhones in the US  —  Trump's massive 104% tariffs on China are set to go into effect at midnight tonight, a move that will have a major impact on Apple and its supply chain.
Elisabeth Buchwald / CNN:
The White House says that tariffs on China are set to rise to 104% at 12:01am ET on April 9 after China missed Trump's deadline to remove its reciprocal tariffs  —  President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday …
Antonio G. Di Benedetto / The Verge:
Razer pauses direct sales of its upcoming Blade 16 and other laptops in the US as new tariffs take effect, leaving only skins and accessories available to buy  —  With tariffs set to kick in tonight, Razer's new Blade 16 and other laptops are no longer available to purchase directly.
Reuters:
Will Canny / CoinDesk:
Ripple agrees to acquire prime brokerage Hidden Road for $1.25B; Hidden Road plans to use Ripple's RLUSD stablecoin as collateral across its platform  —  Among other things, the deal is expected to strengthen Ripple's stablecoin ambitions.  —  What to know:
The Information:
Source: Instagram is working on an iPad app, and Adam Mosseri told staff to be willing to assume more “risk” to take advantage of a TikTok US ban or disruption  —  Meta Platforms has put the turmoil around TikTok to good use.  Amid a barrage of headlines about the White House's efforts …
Abner Li / 9to5Google:
Google says Gemini Advanced subscribers can now use Deep Research with Gemini 2.5 Pro Experimental, up from Gemini 2.0 Flash Thinking Experimental in March 2025  —  Gemini Advanced subscribers can now perform Deep Research with Google's most intelligent 2.5 Pro (experimental) model.
Ben Weiss / Fortune:
Internal memo: the US DOJ disbands the National Cryptocurrency Enforcement Unit, established by Biden in 2021, as the agency is “not a digital assets regulator”  —  The U.S. Department of Justice notified staff on Monday evening that the agency was disbanding a unit dedicated to crypto-related investigations.
Karen Freifeld / Reuters:
Sources: TSMC could face a $1B+ penalty to settle a US Commerce Department export control investigation over a chip it made that is in Huawei's Ascend 910B chip  —  Taiwan Semiconductor Manufacturing (2330.TW) could face a penalty of $1 billion or more to settle a U.S. export control investigation …
Bloomberg:
Sources: hackers accessed 150K+ emails from ~103 bank regulators from May 2023 to early 2025 at the US Treasury's OCC, which on February 26 disclosed a breach  —  - Attackers lurked within OCC email accounts since 2023  — Chinese state hackers previously targeted Treasury files
Wall Street Journal:
X's merger with xAI caps its yearslong turnaround push; sources say X's revenue fell to $2.6B in 2024, down from $3B in 2023 and about $4.6B in 2022  —  xAI merger capped social-media company's yearslong turnaround push  —  A crowd of investors gathered at Morgan Stanley's New York office …
Bradly Shankar / MobileSyrup:
Nintendo says Switch 2 pre-orders in Canada “will not start on April 9, 2025 in order to align with the timing of pre-orders to be determined in the US”  —  The pre-orders were originally set to go live on April 9  —  Nintendo has confirmed that pre-orders for the Nintendo Switch 2 …
The Verge:
A look at the rise of “Frankenstein” laptops in India, made by salvaging parts from multiple brands and sold to students, gig workers, and small businesses  —  In a dimly lit, cluttered workshop in Delhi's Nehru Place, the air hums with the sound of whirring drills and the crackle of soldering irons.
Ilya Gridneff / Financial Times:
Documents: Canadian telecom Bell is lobbying to block Starlink subsidies, as Canada-US tensions and Elon Musk's Trump ties put his businesses under scrutiny  —  Rival telecoms group Bell is lobbying for the Musk-owned group to be excluded for financial support for Far North region

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