The data follows the iPhone-maker’s efforts to diversify production out of China, along with increasing investments in India from its suppliers

Profits sank for 28 of 41 industrial sectors in January and February, the latest government data shows, with computer, telecoms and electronic equipment manufacturing hit by a huge 77% fall

The Apple CEO is in Beijing to attend the China Development Forum, a government-organised event being held in full force again as the country emerges from its zero-Covid regime

The Chinese tech giant lost access to the software in 2020 due to sanctions imposed by the US and saw its smartphone sales tank as a result

Earlier this month, Foxconn said it was seeking cooperation in India in new areas like chips and electric vehicles after a visit to the country by its chairman

The ban could include components already built into the networks, requiring operators to remove and replace them

Expanding tech curbs on the Chinese tech giant could have a major economic impact on Nvidia, a draft US government notice has said

The move signifies Beijing's changing priorities as it looks to strengthen is capabilities while Washington cuts off access to cutting edge technology

A US official also told a Congressional hearing that some tech shipments to China’s blacklisted telecom equipment maker Huawei were “under assessment”

The world’s largest manufacturer of electronic parts has recently ramped up efforts to diversify production outside of China

The Taiwanese tech giant already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple and Amazon

The iPhone-maker suffered its first drop in revenues since 2019, following Covid-related disruptions at its largest factory in China