Apple CEO Tim Cook, in a rare public speech in China on Saturday, said that he continues to support globalization and revealed plans for more investments in China, according to 100% Fed Up.
As his company faces political pressure from President Donald Trump to bring back factories to America, Cook appears to be ever more defiant and even pledged to invest another $508 million in research and development in China.
Speaking at the China Development Forum, an event sponsored by the Chinese government, Cook took a jab at President Trump’s so-called protectionist views. “The reality is countries that are closed, that isolate themselves, it’s not good for their people.”
While the Apple CEO dismisses President Trump’s “America first” slogan, rival Samsung Electronics of South Korea plans to invest more than $1 billion in a factory in Austin, Texas, adding hundreds of jobs back home.