Apple Inc’s board of directors has recommended shareholders vote against a proposal to end the company’s diversity, equity and inclusion (DEI) programs, going against the grain of decisions by other large US corporates.
The National Center for Public Policy Research, a conservative think tank, proposed Apple shareholders consider ending the firm’s DEI program to prevent lawsuits following a 2023 Supreme Court’s ruling against affirmative action in universities. But the Apple board has recommended voting against the proposal when it meets late this month.
"The proposal is unnecessary as Apple already has a well-established compliance program," said the board, which includes Tim Cook, the California-based company’s boss.
Photo: Reuters
"The proposal also inappropriately attempts to restrict Apple’s ability to manage its own ordinary business operations, people and teams, and business strategies," it said, accusing the think-tank of trying to "micromanage" the company.
The board said the iPhone maker "is an equal opportunity employer and does not discriminate in recruiting, hiring, training, or promoting on any basis protected by law."
The proposal will be put to a shareholder vote at Apple’s annual general meeting on Feb. 25.
Following in the footsteps of McDonald’s Corp, Ford Motor Co, Walmart Inc and a host of others, Meta Platforms Inc became the latest US firm to end its DEI programs.
The Friday announcement by Meta which owns Facebook and Instagram, comes amid what it described as "a changing legal and policy landscape."
US president-elect Donald Trump who takes office next week, has been a harsh critic of Meta and its owner Mark Zuckerberg for years, accusing the company of bias against him and threatening to retaliate against the tech billionaire once back in office.
Zuckerberg has been moving aggressively to reconcile with Trump since his election win in November last year, including donating US$1 million to his inauguration fund and hiring a Republican as his public affairs chief.
Republicans are also fiercely against DEI programs in corporate America, many of which were established in the aftermath of the Black Lives Matter movement and the nation’s attempt to reckon with longstanding racial disparities.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
SK Hynix Inc warned of increased volatility in the second half of this year despite resilient demand for artificial intelligence (AI) memory chips from big tech providers, reflecting the uncertainty surrounding US tariffs. The company reported a better-than-projected 158 percent jump in March-quarter operating income, propelled in part by stockpiling ahead of US President Donald Trump’s tariffs. SK Hynix stuck with a forecast for a doubling in demand for the high-bandwidth memory (HBM) essential to Nvidia Corp’s AI accelerators, which in turn drive giant data centers built by the likes of Microsoft Corp and Amazon.com Inc. That SK Hynix is maintaining its