Proudly sponsored by

Foxconn to move some production of iPads and MacBooks to Vietnam

As the company aims to mitigate the risk that a trade war with the US could continue after US President Donald Trump leaves the White House.
Image: Bloomberg

Foxconn Technology Group will move the manufacturing of some Apple iPads and MacBooks to Vietnam from China, a person familiar with the matter said, as the company aims to mitigate the risk that a trade war with the US could continue after US President Donald Trump leaves the White House.

The person asked not to be identified because the plans are still private. The company, whose formal name is Hon Hai Precision Industry Co., is building assembly lines for Apple’s tablet and notebook products at its plant in the northern Vietnamese province of Bac Giang, which will come online in the first half of 2021, Reuters reported earlier Thursday, citing an unidentified person familiar with the plan.

Apple didn’t immediately respond to an email seeking comment. Foxconn said in a statement it doesn’t comment on its work for specific customers.

During the Trump era, many manufacturers have been shifting production capacity from China to countries including Vietnam, Mexico and India to avoid being slapped with punitive tariffs and to hedge against geopolitical risks.

Apple’s partners have ramped up iPhone production capacity in India, and companies that assemble AirPods have added some assembly lines in Vietnam.

Foxconn announced $270 million of new investments earlier this week, which a person familiar with the company’s operations said was for Vietnam.

© 2020 Bloomberg

COMMENTS   2

Sort by:
  • Oldest first
  • Newest first
  • Top voted

You must be signed in to comment.

SIGN IN SIGN UP

Nicely illustrated…We cannot do without the Chinese!

good idea i have had it with the chinese and their double talk , not that vietnam r rightous

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

INSIDER SUBSCRIPTIONS APP VIDEOS RADIO / PODCASTS SHOP OFFERS WEBINARS NEWSLETTERS TRENDING PORTFOLIO TOOL CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: