Apple CEO Tim Cook said on Tuesday that the company plans to be the largest consumer of Taiwan Semiconductor Manufacturing Company's (TSMC) new chipmaking factory in Arizona.
Speaking at Apple's annual shareholder meeting, Cook also reaffirmed the company's commitment to annual dividend increases, signaling confidence in its long-term financial stability.
The announcement comes in the context of Apple's annual shareholder meeting, which was celebrated online. During the meeting, Apple shareholders rejected a proposal to scrap the company's diversity programs.
