Foxconn, the Taiwanese electronics manufacturer that assembles many of the world’s most popular electronics, including Apple’s iPhone and iPad, has promised to improve much-criticized working conditions at its Chinese factories. Not only that, but Apple, which came under fire for allowing the grim working conditions under its nose, will share a portion of the cost, according to Foxconn president Terry Gou, Reuters reports.
No specific dates or cost amounts were given, let alone how the costs will be shared, but Apple certainly has enough money to pay for all of the work, if it so wanted. The Cupertino, California-based company has been the world’s most valuable for months now, worth over $500 billion with at least $65 billion cash on hand, even after promising to buyback shares and pay investor dividends.
