Exclusive: Foxconn to shift some Apple production to Vietnam to minimise China risk

By Yimou Lee
TAIPEI (Reuters) - Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple Inc, said a person with knowledge of the plan, as the U.S. firm diversifies production to minimise the impact of a Sino-U.S. trade war.
The development comes as the outgoing administration of U.S. President Donald Trump encourages U.S. firms to shift production out of China. During Trump's tenure, the United States has targeted made-in-China electronics for higher import tariffs, and restricted supplies of components produced using U.S. technology to Chinese firms it deems a national security risk.
Taiwanese manufacturers, wary of being caught up in the tit-for-tat trade war, have moved or are considering moving some production from China to countries such as Vietnam, Mexico and India.
...


Read More on Datafloq

Comments

Popular posts from this blog

Underwater Autonomous Vehicles Helping Navy Get More for the Money 

Canada regulator seeks information from public on Rogers-Shaw deal