The announcement comes after reports last month that the Taiwan-based manufacturer plans to quadruple the workforce at its iPhone factory in India

The memorandum was part of a "comprehensive strategic partnership agreement" King Salman signed with the Chinese President

The move followed pushback from trade groups like the US Chamber of Commerce which argued the measures would not further US national security

US prosecutors asked a judge on Thursday to dismiss bank fraud and other charges against a senior Huawei official arrested and held in Canada for several years.

Production shortfalls and labour unrest at the giant iPhone factory, run by Foxconn in Zhengzhou, are increasing risks and likely to intensify Apple's retreat from China, analysts say

Taiwan, home to the world's largest contract chipmaker, TSMC, plays an outsized role in providing chips used in everything from cars to fighter jets

Foxconn's India expansion is central to Apple's efforts to shift production away from Covid-hit China

Foxconn has already taken a hit from Covid disruption at its key Zhengzhou factory, Nikkei Asia said

Five of southern manufacturing hub's 11 districts – and more than half of its 19 million residents – have been affected by the order announced over social media on Wednesday

The latest iPhones are now priced above the 100,000 yen level, seen as a 'major psychological barrier' by many Japanese

After facing bans in the US and Europe, the Chinese tech giant is focusing on Africa, where analysts say countries are ignoring Western security warnings and putting their "own interests first"

The two firms also plan to work together on content delivery networks and edge computing – the use of augmented reality and machine learning to analyse data