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Apple’s COO meets key metropolis official on China tour forward of iPhone 16 launch

by Index Investing News
July 25, 2024
in Markets
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hapabapa/iStock Editorial through Getty Photos

Apple’s (NASDAQ:AAPL) Chief Working Officer Jeff Williams made a go to to China’s southern tech hub Shenzhen and met town’s Communist Occasion secretary Meng Fanli, reinforcing the Asian nation’s significance for the corporate, South China Morning Submit, reported.

Williams, reportedly, informed Meng that Shenzhen is an important marketplace for Apple, which plans to deepen its cooperation with town. Meng invited Apple to extend its native enterprise and funding, noting that town would bolster its provide chain for the corporate to supply extra mutually useful outcomes, the report added citing Chinese language readouts.

Earlier this week, Williams and Micron Expertise’s (MU) President Sanjay Mehrotra went with a U.S. enterprise delegation, assembly Vice-Premier He Lifeng and International Minister Wang Yi. The low-key go to comes amid a time when the U.S. is pondering of imposing ever stricter tech export restrictions on China.

The U.S. tech big is presently ramping up manufacturing for its iPhone 16 sequence telephones, that are anticipated to be launched within the fall. Apple’s contractors in China, together with Foxconn Expertise’s (OTCPK:FXCOF) plant in Shenzhen, are recruiting employees.

Apple has joined opponents reminiscent of Samsung Electronics (OTCPK:SSNLF) to unfold its manufacturing capability in international locations like Vietnam and India, however China nonetheless stays a key meeting location for the corporate.

Meng and Williams’ assembly got here 4 months after Apple introduced a plan to open a brand new utilized analysis lab in Shenzhen this yr.

The lab is anticipated to strengthen Apple’s testing and analysis capabilities in creating vital merchandise such because the iPhone, iPad and Apple Imaginative and prescient Professional, with deeper collaboration with native suppliers, the report added, citing the corporate.

The Cupertino, Calif.-based firm has additionally arrange R&D facilities in Shanghai, Suzhou, Beijing and Shenzhen. The corporate stated in March that it had until then invested 1B yuan ($137.5M) in its Shanghai utilized analysis lab, which it’s increasing, in response to the report.

Williams visited an Apple Retailer within the Wangfujing procuring district, whereas on his Beijing tour, the place he met workers and clients. He additionally met with group members of Chinese language digital leisure service supplier Migu who had been on the retailer to point out their app developed for the Apple’s combined actuality headset Imaginative and prescient Professional, the report added.



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