""...I said to him, 'Tim, you're my friend, I've treated you very good. You're coming up with $500 billion, but now I hear you are building all over India.'""
""Apple, which has plans to spend $500 billion over the next four years to expand manufacturing in the U.S., is also ramping up its production in India to reduce reliance on China.""
Apple CEO Tim Cook announced that the company would import most iPhones from India to meet U.S. demand, prompting criticism from President Donald Trump. At a summit in Doha, Trump urged Cook to cease productions in India and instead expand manufacturing in the U.S., referring to high tariffs in India. Apple has committed to spending $500 billion over four years to boost U.S. manufacturing and has already increased its production in India to minimize dependence on Chinese manufacturing. As of now, Apple produces 20% of its iPhones in India, with plans to further escalate these numbers.
Read at TechCrunch
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