Tim Cook pledges fresh Apple investment in China

AWANI

Apple CEO Tim Cook commits to expanding investment and cooperation in China while balancing a USD600 billion U.S. reinvestment plan to mitigate trade tariffs.

Transcript

00:00Apple chief executive Tim Cook has pledged to boost investment and deepen cooperation in China,

00:06even as the tech giant seeks to reduce its reliance on the country's supply chains.

00:11The announcement came during Cook's meeting with China's industry minister,

00:15amid rising tensions between Washington and Beijing.

00:20Apple is seeking to offset the impact of U.S. tariffs on Chinese and Indian-made products

00:26by boosting domestic investment. It is also planning to invest $600 billion in the U.S.

00:32over the next four years to strengthen its supply chain resilience.

00:37China's industry ministry said Apple will increase its investment in China

00:41and step up cooperation with domestic industries, while promising a supportive business environment for foreign firms.

00:48Apple did not provide details on how much of its new capital will flow into China,

00:52but Cook's visit signals the company's continued focus on its largest international market and a key production base.

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