Tim Cook dinner, chief govt officer of Apple Inc., speaks throughout a “First Device-In” ceremony on the TSMC facility below development in Phoenix, Arizona, US, on Tuesday, Dec. 6, 2022.
Caitlin O’Hara | Bloomberg | Getty Photographs
Apple CEO Tim Cook dinner met with China’s minister of commerce, Wang Wentao, on Monday to debate industrial and provide chain stabilization, in response to an announcement from the Ministry of Commerce.
“The 2 sides exchanged views on points comparable to Apple’s improvement in China and the stabilization of the commercial and provide chains,” the assertion from China’s Ministry of Commerce learn.
Apple declined to touch upon Cook dinner’s actions in mainland China, the place he was one among a handful of prime American executives to attend the weekend’s China Growth Discussion board.
Cook dinner and Wang’s assembly comes after months of lockdowns and Covid restrictions in China. Photographs and movies of staff fleeing from lockdown restrictions at Foxconn’s main iPhone plant in China went viral on social media late final yr.
Communist Celebration officers have made it clear that it is a prime precedence to reassure company leaders and assuage their issues about manufacturing and dependable output in China.
“China will unswervingly promote high-level opening-up, steadily promote guidelines, laws, administration, requirements and different institutional opening-up,” the assertion from Wang’s ministry learn.
The assembly comes as Apple has reportedly labored to maneuver some manufacturing out of China. Main provider Foxconn is slated to open a large manufacturing unit presence in Bengaluru, India.
— CNBC’s Hilary Pan and Eunice Yoon contributed to this report.
