Apple Intensifies Investment in Vietnam to Diversify Supply Chain

Tim Cook announces increased spending on Vietnamese suppliers as Apple seeks to reduce reliance on China.

Apple CEO Tim Cook confirms plans to boost investment in Vietnam, focusing on expanding supplier relationships and local manufacturing.
The move is part of Apple's strategy to diversify its supply chain, reducing dependence on Chinese manufacturing amid geopolitical tensions.
Vietnam's growing importance to Apple highlighted by the establishment of over 70 factories and the creation of more than 250,000 jobs.
Recent investments include $16 billion spent on manufacturing capabilities in Vietnam since 2019.
Apple's shift aligns with broader U.S. trade policy, reevaluating relations with China due to concerns over unfair business practices.