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How Apple Helps Chinese Companies at the Cost of Taiwan

January 4, 2022
Source: visiontimes.com visiontimes.com
News Snapshot:
In a bid to retain its market presence in China, tech giant Apple is following the dictates of the Chinese Communist Party (CCP), opting to deal with pro-CCP suppliers while ditching Taiwanese companies. A report by The Information revealed more details on Apple’s attempt to please an authoritarian regime in pursuit of profits. According to the report , Apple is looking to replace Taiwanese manufacturer Foxconn with Chinese supplier Luxshare. The decision comes as part of the company’s $275 billion agreement with the communist regime that was signed back in 2016. The deal was made to prevent Chinese regulators from...
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Tags: Apple | bank | Beijing | China | Chinese | communism | communist | currency | Decoupling | Economy | football | Foxconn | investment | made in China | manufacturer | manufacturing | Renminbi | revenue | Software | sports | supplier | Taiwan | technology | United States | Yuan

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