Daniel Bach

over four years.

Apple's chief operating officer said production will begin later this year at a Foxconn facility in North Houston, part of the company's latest initiative to reshore parts of its vast supply chain.

The Mini is a niche product for Apple, with estimates that it made up less than 5% of Apple's sales of Mac computers last year.

The news comes as Apple is pushing to boost American chip production.

That includes at a plant north of Phoenix run by TSMC, the world's largest chipmaker.

Apple is the biggest customer for the factory, which sits on land more than two and a half times the size of Central Park.

Journal tech reporter Rolf Winkler toured the site, which is expected to include six chip plants.

You can hear more from Rolf on today's episode of our Tech News Briefing podcast.

And you can find a link in our show notes to his video report where he tours the Apple facility in Texas and the TSMC plant in Arizona.

Stock futures are pointing to a higher open this morning following yesterday's sell-off, sparked by fears of AI disruption and trade policy uncertainty.

That said, Bitcoin prices continue to fall, with the crypto headed toward $63,000.

One of the drags on markets yesterday was airline stocks, which tumbled as the so-called bomb cyclone battered the East Coast, grounding thousands of flights.

Airports including JFK and Logan have seen major disruptions, with another 2,000 flights canceled in the U.S.

so far today.

BYD's European sales nearly tripled last month, outpacing Tesla and underscoring a growing appetite for the Chinese giant's electric and hybrid cars.

The data marks a strong start to the year for BYD and comes as established rivals like Volkswagen, BMW, and Renault all reported sales declines in the region.

And China's Commerce Ministry has banned the export of critical minerals and dual-use goods to 20 major Japanese companies, escalating a pressure campaign against Tokyo.

The restrictions target essential items like rare earths, machine tools, and chip-making equipment with potential military applications.

Coming up, Ukraine marks a grim anniversary for the war.

We look at the prospects for a peace deal after the break.