Apple has pledged to increase its investment in China despite ongoing tensions between Washington and Beijing, CEO Tim Cook said during a meeting with China’s industry minister.
Cook met with China’s Industry Minister Li Lecheng on Wednesday, and an official summary released by the Chinese government confirmed Apple’s commitment to continued investment in the country. The report did not specify the size of the potential investment.
Many U.S. companies have become cautious in China amid tariff disputes and President Donald Trump’s push to promote domestic manufacturing. While some firms, including Nvidia and Qualcomm, have faced Chinese investigations, Apple has largely avoided trade war disruptions.
In August, Cook presented Trump with a U.S.-made plaque celebrating Apple’s “American Manufacturing Program,” pledging an additional $100 billion for domestic manufacturing. Analysts suggest some of Apple’s announcements may serve public relations purposes, as tangible investments have not been publicly detailed.
Apple has also made smaller investments in China, such as a $101 million clean energy fund announced during Cook’s March visit. At the same time, the company is diversifying its supply chain by shifting some production to India to reduce geopolitical risks.
Recently, Apple COO Sabih Khan visited Lens Technology, a long-time Chinese glass supplier, which produces covers for iPhones and Apple Watches. The visit highlights Apple’s ongoing collaboration with Chinese partners.
Minister Li told Cook that China hopes Apple will continue to grow alongside local suppliers and assured the tech giant that the country will maintain a favourable business environment for foreign firms.
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U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar wi...
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar with the matter said. They were met by Russian Presidential Envoy Kirill Dmitriev.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 4th of September, covering the latest developments.
U.S. efforts to squeeze Iran’s economy through an oil blockade and sanctions are becoming increasingly difficult for Tehran to withstand, according to three senior Iranian sources. Washington is escalating pressure in hopes of securing concessions in future negotiations.
An Iranian tanker was hit by U.S. forces on Saturday near Iran's key oil export hub, Kharg Island, in the Gulf, the semi-official Iranian news agency Tasnim reported.
The United States and China are preparing to hold their first official bilateral talks focused exclusively on artificial intelligence as concerns grow over the risks posed by increasingly capable AI systems.
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Hua Hong Semiconductor, China's second-largest contract chipmaker, is investing $2 billion to build a new fabrication plant in Wuxi, China as part of a push to expand capacity as domestic demand for AI-related chips outstrips what the industry can currently produce.
A humanoid robot developed by Chinese smartphone maker Honor has run 100 metres in 9.32 seconds, beating Usain Bolt's men's world record of 9.58 seconds, China's state broadcaster reported on Saturday.
An artificial intelligence agent running an experimental store in San Francisco has recommended dismissing a human employee after the worker repeatedly arrived late for shifts.
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