A naukri.com initiative
Macdailynews
4w
214
Image Credit: Macdailynews
How Tim Cook’s Apple may have undermined America’s lead in technological innovation and even its national security
- Apple's offshoring of production to China, detailed in a new book, has transformed global supply chains and propelled China's technological and industrial growth.
- Apple's deep entanglement with China, from manufacturing to investments, raises concerns about America's technological innovation and national security.
- The book 'Apple in China: The Capture of the World’s Greatest Company' traces Apple's shift from domestic manufacturing to offshore production.
- Internal documents reveal Apple's substantial investments in China, exceeding $55 billion annually by 2015, and the extensive training provided to millions of Chinese workers in advanced manufacturing.
- Tim Cook's agreements with China, including a reported $275 billion deal, have tied Apple closely to China's economy and production capabilities.
- Calls for diversifying production outside of China have intensified, citing risks associated with heavy dependence on a country considered a strategic adversary.
- Concerns exist about Apple's delayed efforts to reduce reliance on China and the potential consequences of such corporate strategies.
- Analysts suggest it may take up to a decade for Apple to significantly decrease its dependence on Chinese manufacturing.
- The article discusses challenges faced by Apple in transitioning production away from China and the implications for shareholder interests.
- MacDailyNews voices calls for Apple and Foxconn to diversify assembly locations to mitigate risks associated with centralized production in China.
Read Full Article
12 Likes
For uninterrupted reading, download the app