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

Jim Cramer crowns Alphabet the hyperscale earnings winner, sees more upside ahead
Technology

Jim Cramer crowns Alphabet the hyperscale earnings winner, sees more upside ahead

CNBC’s Jim Cramer didn’t hesitate to crown Alphabet as the clear winner in Wednesday night’s barrage of Big Tech earnings. “The Google call – Alphabet was an extraordinary call,” Jim said on ” Squawk on the Street ” on Thursday. “I think with the stock at $370 its going to right to $400,” he added. […]

Read More
Jim Cramer: Don’t let Meta’s post-earnings plunge scare you out of the stock
Technology

Jim Cramer: Don’t let Meta’s post-earnings plunge scare you out of the stock

CNBC’s Jim Cramer said Meta Platforms ‘ post-earnings decline isn’t a reason to jump ship on the stock. Shares are headed for their worst session in six months after a spending outlook raise sent the Facebook parent down over 9% Thursday. Still, Cramer remains a firm believer in CEO Mark Zuckerberg’s vision for the company. […]

Read More
Jim Cramer says Amazon going up another 15% and ‘not stopping’ there
Technology

Jim Cramer says Amazon going up another 15% and ‘not stopping’ there

CNBC’s Jim Cramer said he’s bullish on Amazon after the company delivered one of the two best earnings reports he’s “ever seen.” “Amazon’s going to $300 , it’s not stopping here,” Cramer said on ” Squawk on the Street ” on Thursday, the day after a solid quarter. “Every single analyst has a target north […]

Read More