Apple increases investment in China's supply chain following Tim Cook's government visit

Apple CEO Tim Cook met with China's IT minister this week, resulting in the company reportedly planning to increase its investment and presence in China. Discussions touched on Apple's commitment to further invest in the country and develop its industrial supply chains. This comes at a key moment for the tech giant as it faces strong competition from local Chinese smartphone makers. The move could represent a significant shift following years of slowly diversifying its supply chain.