Economy

Apple's US iPhones can be made outside of China if needed

Apple's US iPhones can be made outside of China if needed”

Shares in Foxconn, formally known as Hon Hai Precision Industry Co Ltd, have dropped around 20% since Gou announced in April his plans to run for president.

"Twenty-five percent of our production capacity is outside of China and we can help Apple respond to its needs in the USA market", Liu noted.

Apple's iPhone could escape Donald Trump's escalating trade war with China.

Huawei is the most obvious victim of trade tensions between the U.S. and China that are showing little signs of de-escalation, but directly or indirectly, Apple's lucrative smartphone business could also be negatively impacted by this whole unstable and unpredictable political kerfuffle.

Hon Hai, the largest listed arm of Foxconn Technology Group, is establishing a body of nine executives who will represent its top decision-making unit after the board, the company said in exchange filings, confirming a previous report from Bloomberg News.

Apple shares were up more than 1 per cent to US$194.99 in NY on Tuesday.

Apple is reportedly prepared if the US-China trade war forces it to move production outside China. If Foxconn freed up non-China production capacity for iPhones, other smartphone clients could find their orders temporarily delayed or sidelined in the short-term, he added. But without that, some of its Chinese factories may be idled. With ongoing US Trade War with China, the Cupertino tech giant seems to have a contingency plan if the things go unfavorable as a result of the trade war. Foxconn is now running quality tests for the iPhone Xr series there and plans to begin mass production at a facility in the suburbs of Chennai.

Liu was speaking at Foxconn's first investor conference in Taipei, where the company also said it was well positioned to tackle the "increasingly tough" trade war situation with its production lines across 16 countries.

The company has also promised to invest billions in a new United States manufacturing hub in Wisconsin, although the base is unlikely to produce iPhones. Hailed by Trump as "one of the great deals ever", the project has since come under criticism for low-paying jobs, sudden dismissals and ever-changing goals.

Liu said the Wisconsin investment, which is expected to reach $1.4-1.5 billion with up to 2,000 employees by end of 2020, was on schedule.



Like this

loading...
loading...

Latest


12 June 2019
Canadian lawmakers pass bill making whale, dolphin captivity illegal
Beluga whales are remarkably social animals, using a massive range of clicks, whistles and clangs to communicate with their kind. The country's House of Commons passed a bill Monday that makes it illegal to keep a whale , dolphin or porpoise in captivity.

12 June 2019
Ariana Grande Reacts to Homophobic Protester Outside Show
A man had stood outside of the venue of Ariana's concert, with a signboard of a rainbow where the word "Pride" was crossed out. The Thank U, Next singer later shared some loving words for her LGBTI fans at the sold-out performance at State Farm Arena.

12 June 2019
Hegerberg-less Norway canter past Nigeria in women's World Cup
The second game will be better than the first, we've learned so much from this first game and we'll come back". Norway are renowned for their attacking prowess but will be without Women's Ballon d'Or victor Ada Hegerberg .

12 June 2019
Is this really the Google Pixel 4?
Also, the square glass enclosure on the back would make it resemble Apple's reported efforts for the next iPhone. Previous year the Google Pixel 3 leaked so much we knew everything about it long before it was announced.

11 June 2019
Square Enix Unveils Massive Details About Final Fantasy VII Remake
The official SQUARE ENIX music Discord server is also now open for fans around the world at: https://discord.gg/sqexmusic. The Final Fantasy series is full of fantastic games, but perhaps none are quite as divisive as Final Fantasy 8.

11 June 2019
HTC U19e with Snapdragon 710 SoC & Desire 19+ Smartphones Launched in Taiwan
The 4/64GB model is set to cost TWD 9,990 ($318 or €280) while the 6/128GB variant will retail at TWD 10,990 ($350 or €310). The 4GB RAM version comes with 64GB storage while the 6GB RAM version packs a 128GB storage.

11 June 2019
Businesses remain shut on day three of Sudan strike
Cyber security monitor Netblocks said "an nearly total blackout" started around noon local time. Protest leaders vowed to name a new ruling body to replace the generals.

11 June 2019
Jussie Smollett returns to Instagram with Pride month message
Smollett was later charged with multiple felony counts after Chicago police say he staged the attack against himself. Smollett has maintained his innocence and did not pay the city by the deadline he was given.

11 June 2019
Messi shines in Argentina win in Copa America warm up
Lionel Messi's brace helped Argentina wrapped up their Copa America preparations with a 5-1 win over Nicaragua on Friday. Messi and Argentina will face Colombia, Paraguay and Qatar in the group stages of the tournament held in Brazil .

11 June 2019
Detained Lebanese national Nizar Zakka leaves Iran for Beirut
He was accused of being a spy and a year later sentenced to 10 years in prison and handed a $4.2 million fine. Zakka was arrested in 2015 and convicted of spying for the US government - charges he denies.