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Apple is deepening ties with China even as it boosts suppliers globally

Thursday May 2, 2024. 01:37 PM , from AppleInsider
Apple is deepening ties with China even as it boosts suppliers globally
Despite its well-publicized moves to cut its dependence on China as its main supplier, Apple has also been increasing the number of firms it works with for production with in the region.Tim Cook visits Luxshare factory in 2017. Source: AppleBy January 2024, Apple's supply chain had spent $16 billion in moving away from China, and as of April 2024, 14% of all iPhones are being manufactured in India. But according to an analysis by Nikkei Asia of Apple's public reporting, the company is continuing to deepen its relationships with China.'Chinese suppliers have formed the largest camp of Apple suppliers since 2020, and their number increased to 52 last year from 48 in 2022,' write Cheng Ting-Fang and Lauly Li. 'The number of manufacturing or development facilities in China — including those owned by domestic and foreign companies — grew by 10 to 286.' Continue Reading on AppleInsider | Discuss on our Forums
https://appleinsider.com/articles/24/05/02/apple-is-deepening-ties-with-china-even-as-it-boosts-supp...

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