Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Apple CEO says that he wants to increase investments in Vietnam !

Apple CEO says that he wants to increase investments in Vietnam

Time:2024-05-21 10:55:40 source:Stellar Spotlight news portal

HANOI, Vietnam (AP) — 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 China, where most of its smartphones and tablets are assembled.

The company began looking at moving its production to countries like Vietnam, and more recently India, after shutdowns to fight COVID-19 in China repeatedly disrupted the company’s shipments.

Cook made his comments while meeting with Vietnamese Prime Minister Pham Minh Chinh, according to state media outlet Voice of Vietnam. Apple also said that it would increase its spending on suppliers, according to a press release on Monday.

“There is no place like Vietnam, a vibrant and beautiful country,” said Cook, according to the press release, adding that the company’s annual spending in the country had doubled since 2019.

Related information
  • Six killed in a 'foiled coup' in Congo, the army says
  • Defending champion Sabalenka advances at Madrid Open with a 3
  • Athletes tied to Iowa gambling sting seek damages in civil lawsuit against state and investigators
  • Chasing ‘Twisters’ and collaborating with ‘tornado fanatic’ Steven Spielberg
  • Dodgers acquire pitcher Yohan Ramírez from Mets for cash
  • Jury in Abu Ghraib trial says it is deadlocked; judge orders deliberations to resume
  • Jerry Seinfeld's commitment to the bit
  • I have £300,000 invested in a pension
Recommended content
  • Verona confirms Serie A status for another year after beating Salernitana
  • Here are 14 players to watch next season across the Southeastern Conference
  • Slavia Prague fined $93,000 for crowd violence at Europa League game
  • Animal groups are urging tourists not to visit Wyoming after a man hit a wolf then took it to a bar
  • Celebrity birthdays for the week of May 26
  • REVEALED: George Soros is PAYING left