Apple CEO Cook vows to increase investment in China

Apple CEO Tim Cook
Apple plans to boost its investment in China, CEO Tim Cook stated during a Wednesday meeting with the nation’s industry minister in Beijing, per an official summary of the discussion. According to the Chinese ministry, Cook assured Minister Li Lecheng that the iPhone manufacturer would continue pouring funds into the country, though the summary provided no specifics on the investment’s scale.
Reuters:
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The tech giant, which has also made investment pledges to Washington, has so far managed to be relatively unscathed by the trade war between the United States and China. Other companies, such as Nvidia and Qualcomm have found themselves the target of Chinese investigations.
A Shanghai-based government affairs consultant, who requested anonymity because he was not authorised to speak with media, said U.S. companies are wary of angering a White House that could hurt them at home in the world’s biggest consumer market for appearing too pro-China. At the same time, they are seeking to avoid appearing insincere in Beijing where they have pledged to be “in China, for China,” he added…
Meanwhile, Apple, which relies on suppliers and factories in China where most of its iPhones are assembled, has been trying to shift some manufacturing capacity to India.

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MacDailyNews Take: As we wrote back in March, “The tightrope Cook walks in China grows increasingly tenuous.”

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