Apple partners shift manufacturing from China as tensions rise

Jamie McKane

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Apple partners shift manufacturing from China as tensions rise

Apple Inc.’s main assemblers are shifting more output to India and Southeast Asia as trade tensions threaten to escalate costs in their longstanding production base of China.

Hon Hai Precision Industry Co., known also as Foxconn, said over the weekend it’s investing more than $200 million in India and Vietnam. Smaller rival Pegatron Corp. said Sunday it’s moved to Indonesia some manufacturing of networking gear hit by rising U.S. tariffs on Chinese imports, and is now exploring bases in Vietnam and India as well.

[Bloomberg]
 
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