Apple Expands Investment Efforts in China

Apple is reaffirming its commitment to invest in China amidst geopolitical tensions and a slowdown in foreign investment. CEO Tim Cook and COO Jeff Williams have emphasized the importance of China to Apple's supply chain, with Cook promising to enhance investments and collaborate on high-quality development of industrial processes. Apple has invested $20 billion in intelligent and green manufacturing over the past five years, and over 80% of its major suppliers are located in China. Additionally, Cook is exploring opportunities in AI services, pending government approval. Despite a challenging economic climate that saw record capital outflows from China, Apple reported a 20% increase in iPhone sales recently. The Chinese Minister of Industry encouraged Apple to further innovate and expand its presence, indicating a mutual interest in sustaining economic ties.