Tim Cook Lauds Sony For ‘Over A Decade’ Partnership As Apple’s Japan Investment Crosses $100B – Sony Group (NYSE:SONY), Apple (NASDAQ:AAPL)
As Apple Inc. AAPL CEO Tim Cook visited the epicenter of Japan‘s semiconductor industry, the company said its investment crossed more than $100 billion in the Asian nation’s supply network over the last five years.
What Happened: Cook, on Monday, tweeted that he visited Kumamoto prefecture in southwestern Japan, home to factories of many semiconductors and leading technology firms, including one of its chip suppliers, TSMC.
The Cupertino-based tech giant said it had boosted its spending on suppliers in Japan by more than 30% since 2019, including working with nearly 1,000 Japanese suppliers.
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Apple also called Sony Group Corp SONY one of its biggest suppliers in Japan for providing camera sensors for its iPhones. It also mentioned medium- and small enterprises, including textile firm Inoue Ribbon Industry and mold manufacturer Shincron Co as its partners.