Cyprus Mail
BusinessInternationalTech & Science

Apple’s Japan investment crosses $100 bln, CEO Cook visits chip epicentre

apple wages

Apple Inc (AAPL.O) said on Tuesday it had invested more than $100 billion in its Japanese supply network over the last five years, as its Chief Executive Officer Tim Cook visited the epicentre of the country’s semiconductor industry.

Cook said in a Monday tweet he visited Kumamoto prefecture in southwestern Japan, home to factories of many semiconductor and leading technology firms, including one under construction by Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW).

In a statement, Apple said it had boosted its spending on suppliers in Japan by more than 30 per cent since 2019, with a network spanning nearly 1,000 companies, from multi-nationals to family-run businesses.

It called Sony Group Corp (6758.T) one of its biggest suppliers in Japan for providing camera sensors for iPhone products, while also mentioning medium- and small enterprises including textile firm Inoue Ribbon Industry Co and mold manufacturer Shincron Co as partners.

Apple said 29 Japanese suppliers have committed to converting to renewable energy for Apple-related businesses by 2030, including Sony, Murata Manufacturing Co (6981.T), Keiwa Inc (4251.T), Fujikura (5803.T) and Sumitomo Electric Industries (5802.T).

($1 = 137.6700 yen)

Follow the Cyprus Mail on Google News

Related Posts

Winners of Stelios bicommunal awards announced

Tom Cleaver

Electricity authority finds illegal solar installations

Staff Reporter

Cyprus sees ‘one of the largest increases’ in renewable energy share

Tom Cleaver

“Nurturing the talents of tomorrow”: Adsterra Backs Up the 2nd Youth Tech Fest Cyprus 2024

Souzana Psara

Comparing European loans: What borrowers need to know

CM Guest Columnist

Oil extends losses on easing Middle East tension, demand concerns

Reuters News Service