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WSJ Tech News Briefing

TNB Tech Minute: Apple Considers Manufacturing in Indonesia

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.31.7K Ratings

🗓️ 17 April 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: ASML posts lower-than-expected orders for the first quarter. And Tesla shareholders are once again set to vote on CEO Elon Musk’s pay package. Alex Ossola hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Net Suite by Oracle brings accounting, finance, inventory, and HR into one proven platform, helping you reduce costs everywhere.

0:09.0

Back by popular demand, Net Suite is extended its one-of-a-kind flexible financing program for a few more weeks.

0:15.8

Head to NetSweet.com.

0:17.6

Wall Street.

0:20.6

Here's your TnB Tech Minute for Wednesday, April 17th. I'm Alex Oscela for the Wall Street Journal.

0:27.0

Apple CEO Tim Cook says the company will consider making some of its products in Indonesia.

0:33.3

After a meeting with Indonesian President Joko Widodo in Jakarta, Cook said that the two men

0:38.1

discussed a possible investment in Southeast Asia's largest economy.

0:42.0

Cook didn't offer a timeline for investment or say what form it could take.

0:46.0

Apple didn't immediately respond to a request for comment.

0:49.0

Most of Apple's assembly is done in China,

0:52.0

but the company has sought to diversify its supply chain in recent

0:54.7

years amid rising U.S. China tensions and global concerns of decoupling trade.

1:00.0

ASML posted orders below analysts's expectations for the first quarter.

1:04.2

Numbers for the Dutch company, which provides semiconductor making machinery to chip makers

1:08.3

like T.S.M.C. and Intel, show that its customers are for now shying away from buying a hardware for

1:14.0

semiconductor production in anticipation of better demand.

1:17.2

And Tesla's board asked shareholders to again vote in favor of its

1:22.0

CEO's multi-billion dollar pay package, valued at a maximum of $55.8 billion.

1:28.0

The board and shareholders approved the pay proposal in 2018, but a Delaware court in January struck it down because it said

1:34.4

the approval process was quote deeply flawed. In a proxy filing, the board said

1:38.8

it still stands behind the pay package. The Evie Maker also detailed the Delaware Court case to give shareholders more information

...

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