Apple announces Vietnam spending boost as CEO visits Hanoi


Cook (centre) walks near Hoan Kiem lake in downtown Hanoi during his visit to Vietnam on April 15, 2024. Tech giant Apple said it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived on April 15, 2024 in the country for a two-day visit. — AFP

HANOI: Tech giant Apple said April 15 it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit.

The iPhone maker announced the news in a statement on its website but gave no details of how much it would spend or where the money would go.

Cook is expected to meet programmers, content creators and students during his visit, according to VnExpress.

The visit comes as US President Joe Biden's administration seeks to ramp up Vietnam's role in the global tech supply chain in order to reduce American dependence on China.

Images on the VnExpress news site showed Cook taking a walk by Hoan Kiem lake in downtown Hanoi.

"Hello Vietnam. I am so excited to be here today. I can't wait to see all the developers and creators in the community," the Apple boss said in a video posted on the news site.

The Apple statement said the company has spent nearly 400 trillion dong (RM76bil) since 2019 through its local supply chain and has more than doubled its annual spending to Vietnam during the same period.

“From cooperating with local suppliers, to supporting clean water projects and educational opportunities, we are committed to continuing to strengthen connections in Vietnam," Cook said in the statement.

Last week more than 60 environmental and human rights organisations called on the US-based company to oppose the detention of climate activists in Vietnam. – AFP

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Spotify is Gen Z's podcast platform of choice
Games industry still a hostile environment for many women
Rock, rap or classic? What your playlist says about your favourite video games
Canary Capital continues flurry of US crypto ETF filings with Sui proposal
Alphabet back in talks to buy cybersecurity startup Wiz for $30 billion, source says
Amazon defeats shareholder lawsuit over third-party sellers, capacity expansion
Story on Google expanding Reddit partnership withdrawn
UK must have global ambition in AI, DeepMind's Hassabis says
Consoles to power videogame market growth until 2027 on 'GTA VI', Switch boost
Europe should focus on sustainable chip production as sector emissions rise, study says

Others Also Read