Apple CEO Tim Cook said the company is “looking at” potential production opportunities in Indonesia following his recent meeting with the country’s president.
Tim Cook with Indonesian ministers (photo: AP Photo)During the meeting with Joko Widodo, Cook stressed the mutual interest of boosting local productive industry for Indonesia’s economic growth. We’ve talked about the president’s preference for seeing production in the country. and that’s something we’re going to pay attention to,” Cook told reporters later.
Indonesia is actively seeking to attract foreign production to spice up its economic development, and Widodo’s management is striving to create a new hub for foreign trade. This offers new opportunities for Apple as it continues its strategy of reducing its reliance on Chinese production, operated primarily through its partner Foxconn.
Apple will diversify its supply chain in the face of geopolitical tensions, an economic slowdown, and other dangers, such as production disruptions caused by COVID-related lockdowns in China. With production clusters already open in Vietnam and India, Apple plans to continue its expansion. in Southeast Asia.
“I think the investment capacity in Indonesia is endless. There are many wonderful options to invest in, and we invest. We’re in the country,” Cook added.
The meeting took place shortly after Cook’s stop in Vietnam, where he met with Prime Minister Pham Minh Chinh. In Hanoi, Cook outlined plans to deepen Apple’s investments and increase spending with local suppliers, reinforcing the company’s commitment to strengthening its presence. in the region.
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