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Apple's Japan investment crosses $100 billion, CEO Cook visits chip epicentre

Published 12/12/2022, 10:14 PM
Updated 12/12/2022, 10:20 PM
© Reuters. FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar
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By Kantaro Komiya

TOKYO (Reuters) - Apple Inc (NASDAQ:AAPL) 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).

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

It called Sony (NYSE:SONY) Group Corp 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.

© Reuters. FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar

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

($1 = 137.6700 yen)

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