US Blocks China Causes Apple to Invest Up to $100 Billion in Japan

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 'That person doesn't appreciate good service, he really goes to the enemy is the answer.'


The Chief Executive Officer (CEO) of Apple Inc, Tim Cook confirmed the investment of almost $100 billion in Japan over the past 5 years during his visit to the country's semiconductor industry center.


On Monday Cook not only visited Apple's semiconductor factory in Japan's Kumamoto region, but also spent time at the Taiwan Semiconductor Manufacturing Co (TSMC) factory construction site there.



During the visit, Cook also said that Apple has increased investment in its supply chain by 30% since 2019, including nearly 1,000 firms from various countries and businesses.


Among the big names, of course, is Sony Group Corp, which is Apple's largest supplier of sensors for iPhone products, in addition to citing medium and small enterprises such as textile firm Inoue Ribbon Co and mold manufacturer Shincron Co as its partners.


At the same speech, Cook also confirmed the commitment of 29 supplier firms in Japan in Apple's aspiration to switch to renewable energy by 2030.


As of this writing Apple shares are trading up 1.64% at $144.49 with a market capitalization of $2.30 trillion.

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