Apple CEO Tim Cook dinner meets with China’s commerce minister on offer chain

Apple CEO Tim Cook dinner meets with China’s commerce minister on offer chain


Tim Cook, main govt officer of Apple Inc., speaks all through a “Initially Software-In” ceremony at the TSMC facility less than construction in Phoenix, Arizona, US, on Tuesday, Dec. 6, 2022.

Caitlin O’Hara | Bloomberg | Getty Illustrations or photos

Apple CEO Tim Prepare dinner achieved with China’s minister of commerce, Wang Wentao, on Monday to discuss industrial and provide chain stabilization, according to a assertion from the Ministry of Commerce.

“The two sides exchanged sights on difficulties these kinds of as Apple’s development in China and the stabilization of the industrial and provide chains,” the assertion from China’s Ministry of Commerce read.

Apple declined to comment on Cook’s pursuits in mainland China, the place he was a person of a handful of top rated American executives to attend the weekend’s China Improvement Forum.

Prepare dinner and Wang’s assembly arrives after months of lockdowns and Covid limits in China. Photographs and films of personnel fleeing from lockdown restrictions at Foxconn’s important Apple iphone plant in China went viral on social media late previous 12 months.

Communist Occasion officials have designed it distinct that it’s a top rated precedence to reassure company leaders and assuage their worries about production and trustworthy output in China.

“China will unswervingly promote large-stage opening-up, steadily encourage principles, laws, management, criteria and other institutional opening-up,” the assertion from Wang’s ministry browse.

The assembly will come as Apple has reportedly worked to move some manufacturing out of China. Big provider Foxconn is slated to open up a massive manufacturing facility presence in Bengaluru, India.

— CNBC’s Hilary Pan and Eunice Yoon contributed to this report.



Supply

Oracle stock jumps 7% as cloud provider joins investor group to run TikTok’s U.S. business
Technology

Oracle stock jumps 7% as cloud provider joins investor group to run TikTok’s U.S. business

Oracle‘s stock jumped 7% Friday after the cloud provider joined a group of investors slated to lead TikTok’s U.S. operations. In a memo to employees Thursday, CEO Shou Zi Chew said the social media company’s U.S. division will be run by a joint venture that includes Oracle, Silver Lake, and Abu Dhabi-based MGX. The deal […]

Read More
Palo Alto Networks announces multibillion-dollar deal with Google Cloud
Technology

Palo Alto Networks announces multibillion-dollar deal with Google Cloud

Palo Alto Networks will migrate key internal workloads to Google Cloud as part of a new multibillion-dollar agreement, the companies announced on Friday. The companies said the deal is an expansion of their existing strategic partnership and will deepen their engineering collaboration. Palo Alto Networks is now using Google’s Gemini artificial intelligence models to power […]

Read More
Inside Intel’s new Arizona fab, where the chipmaker’s fate hangs in the balance
Technology

Inside Intel’s new Arizona fab, where the chipmaker’s fate hangs in the balance

Intel was once the world’s largest semiconductor company, but its market cap plummeted in recent years as the chipmaker fell behind Taiwan Semiconductor Manufacturing Co. and spent billions of dollars trying to catch up. Now, Intel has entered high-volume production of 18A, the new chip node it says will turn things around. The biggest problem? […]

Read More