Apple added 12 more Chinese mainland enterprises to its supplier list, according to the company's latest annual supplier responsibility report for 2021.
Details: The 12 new suppliers, including Nanping Aluminum, Giga Device, Everwin Precision, Tianma Microelectronics and Jiangsu Gian Technology, are mainly focused on microchips and precise instruments. Some of the them are located in the southern tech hub of Shenzhen and others hailing from eastern Jiangsu province.
Suppliers from the US and Taiwan ranked second in terms of numbers, each with seven new shortlisted companies.
The 200 companies on Apple’s 2020 supplier list account for 98% of the company’s direct global spend on materials, manufacturing, and assembling products. Nearly 80% of these suppliers have at least one production base in mainland China.
Context: Although Sino-US relations are still tense, especially in the high-tech field, mainland China, which has rapidly recovered from the coronavirus pandemic, still won Apple's contracts with its stable supply chain.
Driven by the substantial growth of Apple's sales and the launch of new products, leading companies in Apple's industrial chain will still maintain good growth, analysts at China Galaxy Securities said.
Apple's net sales in Greater China nearly doubled year-over-year to $17.7 billion in the three months ended March, a quarter of all-time record revenue for the American giant, according to its latest financial results.