Apple Inc wants to boost its investment in Vietnam, state media quoted the US tech giant's CEO Tim Cook as saying in Hanoi on Tuesday, a day after the US company said it wanted to increase spending on suppliers in the Southeast Asian nation. Vietnam is already a key manufacturing hub for Apple and Cook was speaking while meeting Vietnamese Prime Minister Pham Minh Chinh, state media reported. Vietnam will set up a working group to support Apple's investment, Chinh told Cook during the meeting,...
Apple wants to boost its investment in Vietnam
Apple CEO Tim Cook is in Vietnam, and said today that the company is “committed to continuing to strengthen connections” in the country as it seeks to reduce dependence on China. In addition to investing more in the Vietnamese supply chain, Apple is also supporting a scheme intended to bring clean water to more than 42,000 children by the end of this month more
Apple produced $14 billion worth of iPhones in India over the last fiscal year
Geopolitical tensions and falling sales in China have Apple searching for new manufacturing hubs across Asia.
Apple's ecosystem of component makers and suppliers could collectively employ around five lakh people in India directly in the next three years — marking an over three-fold increase — as the iconic phone-maker moves at least half of its existing supply chain from China to India, top officials aware of the matter told ET.The Cupertino-based company, which is looking to increasingly decouple from China, also aims to increase local value addition from its Indian suppliers in line with the approach...
Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub. Vietnam has become more important to Apple as the company seeks to diversify its supply chains away from
As part of Apple's continued shift to increase iPhone production in India, the company is now trying to secure suppliers for camera modules within the country. iPhone 15 Pro Max camera module Apple has spent years trying to move away from China-centric production into one with multiple manufacturing bases. While Apple wants to significantly increase its iPhone production in India in the coming years, it has to solve multiple problems that can slow progress. One of the issues is...
NEW DELHI, (IANS) – As Apple continues to minimize its dependence on China, the iPhone maker is increasing investments in India and is reportedly in advanced talks with Tata Group’s Titan Company and Murugappa Group to assemble sub-components for phone camera modules, and the country […]
The number of Indonesian travelers to Vietnam skyrocketed eight times
Apple Inc has assembled $14 billion worth of iPhones in India in fiscal 2024, Bloomberg News reported on Wednesday. Apple now makes as much as 14% or about 1 in 7 of its marquee devices from India, the report said, citing people familiar with the matter. Foxconn assembled nearly 67% while Pegatron Corp made about 17% of the India-made iPhones, the Bloomberg report added. Wistron Corp's plant in the southern Indian state of Karnataka, which the Tata Group took over last year, made the remaining. ...
A new report says that one in seven iPhones are now made in India – pointing to a significant acceleration in Apple’s work to reduce its dependence on China. Apple’s reliance on China as its key manufacturing hub has been placing the company in an increasingly vulnerable position more