It's been a big shift from the summer of 2022.
Apple Inc's (NASDAQ: AAPL) Taiwanese supplier Pegatron Corp (OTC: PGTRF) weighs a second factory in India. Pegatron eyes a second facility near the southern city of Chennai in Tamil Nadu state, just six months after opening the first with an investment of $150 million, Reuters reports citing familiar sources. Reportedly, the new factory will assemble the latest iPhones. Pegatron accounts for 10% of Apple's iPhone production in India annually, per Counterpoint. Apple and its key suppliers have be
Apple CEO Tim Cook will be among a small group of top US executives attending a high-profile summit hosted by the Chinese government this weekend, in a show of commitment to the market amid decoupling risks and supply chain adjustments. The head of the world's most valuable company will join Jon Moeller, CEO of consumer goods giant Procter & Gamble; Stephen Schwarzman, CEO of investment firm Blackstone; and Ray Dalio, founder of the world's largest hedge fund Bridgewater Associates, at the China