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New research says that Apple’s suppliers including iPhone manufacturer Foxconn have invested $16 billion since 2018, in an increasing plan to move or reshore manufacturing away from over-reliance on China.
Foxconn is one of many Apple suppliers working to move away from China
Foxconn is one of many Apple suppliers working to move away from China
Apple and most or all technology firms that have previously been entirely dependent on China, have been working to move away from that reliance, in part because of continued US/China trade tensions. In at least Apple’s case, there have also been major delays in production because of China’s COVID measures and its problems with power supply.
New research by investment bank TD Cowen seen by AppleInsider estimates that Apple’s loss of earnings because of China are considerable, and in part are behind its suppliers moving, or reshoring, to other countries.
Apple’s suppliers have so far spent $16 billion to move from China
Apple’s suppliers have so far spent $16 billion to move from China
