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}

‘Terrifying’: Why U.S. senator in top intel post wants more spying on Chinese companies
Technology

‘Terrifying’: Why U.S. senator in top intel post wants more spying on Chinese companies

Go back a decade and most Americans had never heard of Huawei. Today, the Chinese telecom giant is a symbol of how quickly China can dominate a strategic technology sector and in the process create new national security and market threats for U.S. government and industry. Democratic Senator Mark Warner of Virginia, the top Democrat […]

Read More
Week in review: Stocks rise, Meta gets real on metaverse, and Salesforce bounces
Technology

Week in review: Stocks rise, Meta gets real on metaverse, and Salesforce bounces

Stocks eked out gains Friday and closed the week higher after the Federal Reserve’s favorite inflation gauge added to the case for an interest rate cut next week. For the week, the S & P 500 rose 0.3%, while the Nasdaq added nearly 1%. Both indexes logged back-to-back weekly gains. The Dow gained roughly 0.5%. […]

Read More
Biggest mistakes crypto investors make with estate planning
Technology

Biggest mistakes crypto investors make with estate planning

Roughly 1 in 7 people are leaving unclaimed property on the table, according to the National Association of Unclaimed Property Administrators. While the recent heavy selling in bitcoin and ether is rightly getting all the short-term attention, this estate planning issue is a longer-term one that’s likely to be exacerbated as crypto adoption and ownership […]

Read More