Versuchen GOLD - Frei
Apple's Hotel California trap: It can check out but not leave
Mint Kolkata
|June 09, 2025
The iPhone maker may shift its factories but can't really quit China
During US President Donald Trump's first term, he famously toured a Texas factory and claimed credit for bringing Apple production back to America. Except the plant had been running long before he took office. And it was an 'unmitigated fiasco.' Workers in China had to be flown in to help fix the mounting manufacturing problems encountered in the US heartland.
This telling anecdote from Apple in China, a gripping read by former Financial Times journalist Patrick McGee, shows how the tech giant became beholden to America's biggest geopolitical adversary. Up until this point, the book recounts how Apple flew engineers from California to China to train and collaborate with local workers to manufacture its most iconic products.
Now, it seems, the tables have irreversibly turned.
McGee argues that the technology transfer facilitated by Apple to China, via small decisions compounding over decades, ultimately made it the biggest corporate investor in 'Made in China 2025,' President Xi Jinping's bold plan to end reliance on Western technology. "Here was America's most famous tech giant volunteering to play the role of Prometheus, handing the Chinese the gift of fire," McGee writes.
Diese Geschichte stammt aus der June 09, 2025-Ausgabe von Mint Kolkata.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Kolkata
Mint Kolkata
Cables and wires save the day for Havells India in Q3
Havells India Ltd’s consolidated revenue for Q3FY26 grew 14% year-on-year to ₹5,588 crore, but net profit growth was slower at 8% to ₹300 crore.
1 mins
January 21, 2026
Mint Kolkata
Is America about to acquire its own oil cartel? Don't bet on it
US geopolitical moves are unlikely to disrupt oil market dynamics
3 mins
January 21, 2026
Mint Kolkata
How Sebi plans to change closing math
Sebi said in a circular that CAS will be implemented in the equity cash markets, bringing India at par with global markets.
3 mins
January 21, 2026
Mint Kolkata
Silver near ₹3.2 lakh, gold breaks record
Silver prices extended its record-setting surge on Tuesday, approaching the ₹3.2 lakh per kilogram, while gold futures soared to a lifetime high of ₹1.48 lakh per 10 grams, as investors flocked to safe-haven assets amid deepening global geopolitical uncertainties.
1 min
January 21, 2026
Mint Kolkata
Hyderabad CEOs unveil top risks hindering India’s economic growth
When business leaders from pharma, agriculture, energy, healthcare, manufacturing and law came together for the fourth roundtable discussion of the Mint Leadership Dialogues-Season 2 in Hyderabad, the opening question was simple: from an Indian economy perspective, what is the single biggest risk?
4 mins
January 21, 2026
Mint Kolkata
Russian oil exports dip as India cuts cargoes
Russia’s oil exports fell to the lowest since August, with Moscow facing mounting difficulties delivering barrels to key buyer India.
1 min
January 21, 2026
Mint Kolkata
Streets to surgery, a fix for stray dog crisis
India is preparing a national funding offensive to tackle a burgeoning stray dog crisis, as a surge in attacks and rabies fatalities forces the government to intervene in a longstanding public health failure.
1 mins
January 21, 2026
Mint Kolkata
Tata Motors to stick to its profitable growth strategy
The firm’s commercial vehicle arm is prioritising profitability over pure market-share gains
3 mins
January 21, 2026
Mint Kolkata
Trump brings Greenland fight to Davos, calls Europe's bluff
Along the illustrious Davos Promenade, the US administration has taken over a 19th century church that’s been reconsecrated for the week as a shrine to business and politics.
3 mins
January 21, 2026
Mint Kolkata
Netflix to go all cash for Warner Bros
Netflix has switched to an all-cash offer for Warner Bros Discovery's studio and streaming assets without increasing the $82.7 billion price in a bid to shut the door on Paramount's rival efforts to snag the Hollywood giant.
1 min
January 21, 2026
Listen
Translate
Change font size

