Apple will ‘look at’ producing in Indonesia, CEO Prepare dinner states, as China diversification force continues

Apple will ‘look at’ producing in Indonesia, CEO Prepare dinner states, as China diversification force continues


Apple CEO Tim Prepare dinner gestures as he arrives for a conference with Indonesia’s President Joko Widodo at the Merdeka Palace in Jakarta on April 17, 2024.

Bay Ismoyo | AFP | Getty Illustrations or photos

Apple CEO Tim Cook stated the firm will “appear at” production in Indonesia, adhering to a assembly with the country’s President Joko Widodo, at a time when the Apple iphone big carries on to diversify its supply chain absent from China.

“We talked about the president’s drive to see producing in the nation and it is a little something that we will glance at,” Cook advised reporters immediately after the meeting.

“I imagine the expenditure skill in Indonesia is endless. I believe that there is certainly a whole lot of good locations to spend. And we are investing. We believe that in the place.”

About the past a few years, Apple has been accelerating its force to diversify its manufacturing base over and above China immediately after the Covid-19 pandemic uncovered the Cupertino giant’s reliance on the world’s next-greatest financial system.

Covid disrupted operations and output at Apple’s most important Iphone manufacturing unit in China, operated by its assembly associate Foxconn.

Apple has due to the fact sought to broaden its foundation of manufacturing.

Vietnam has been a vital beneficiary, starting to be a single of Apple’s most significant manufacturing hubs outside of China. Goods these kinds of as the MacBook, iPad and Apple Observe are staying produced there. Cook dinner was in Vietnam previously this 7 days.

Apple has also ramped up its production in India.

Apple now helps make about 1 in 7, or 14%, of its iPhones in India, twice the amount it generated there previous calendar year, according to a report from Bloomberg.



{Source|Supply|Resource}

Cybersecurity firm Proofpoint to buy European rival for  billion as it eyes IPO
Technology

Cybersecurity firm Proofpoint to buy European rival for $1 billion as it eyes IPO

Pavlo Gonchar | Lightrocket | Getty Images Cybersecurity firm Proofpoint announced Thursday it will acquire Germany-based competitor Hornetsecurity for $1 billion to strengthen its European presence as it explores a return to public markets. The deal marks the largest single acquisition in Proofpoint’s history. The Sunnyvale, California-based company, which is currently owned by private equity […]

Read More
Alibaba shares drop 5% in premarket trading after big profit miss
Technology

Alibaba shares drop 5% in premarket trading after big profit miss

The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares fell on Thursday after the Chinese e-commerce giant missed earnings expectations for its fiscal fourth quarter on both the top and bottom line. Shares were down 5% in premarket trade in the U.S. […]

Read More
Assassin’s Creed maker Ubisoft plunges 18% as outlook fails to impress
Technology

Assassin’s Creed maker Ubisoft plunges 18% as outlook fails to impress

Artwork for Ubisoft’s upcoming “Assassin’s Creed Shadows” game. John Keeble | Getty Images Shares of Ubisoft sank 18% on Thursday after the French video game firm reported full-year earnings that disappointed investors. Ubisoft reported a 20.5% drop in net bookings for the fiscal year ending March 31, 2025, as a strong performance of the company’s […]

Read More