Foxconn plans to move some of its MAC and iPad production lines from China to Vietnam

category:Finance
 Foxconn plans to move some of its MAC and iPad production lines from China to Vietnam


Foxconn is building an assembly line for Apples iPad tablets and MacBook laptops at its plant in Beijiang Province in northeastern Vietnam, which will go into production in the first half of 2021, according to anonymous sources.

The people familiar with the matter said the lines would take some of their production from China, but he did not specify how much production would be transferred.

This is a request from Apple... After the trade war, apple wants to diversify its production.

Foxconn said in a statement: for reasons of company policy and commercial sensitivity, we do not comment on any aspect of what we do for any of our customers or their products.

Foxconn also plans to produce TV sets for customers including Sony in Japan at its factories in Vietnam, which is expected to start production between the end of 2020 and the beginning of 2021, the person familiar with the matter said. In addition, the factory will also produce computer keyboards and other electronic products.

Before that, all Apple iPads were assembled in China, according to the Research Institute.

After Sino US trade frictions continue to escalate, Vietnam has become the preferred manufacturing place for many enterprises outside China based on customers requirements for scattered production lines in China. In addition, India and Mexico are also the choice targets for many enterprises to transfer production lines.

At the investor briefing in August, Liu Yangwei, chairman of Hon Hai, said that the development of global G2 (China and the United States) has become a trend. How to provide two sets of supply chains to serve these two markets is a world trend, which is what Hon Hai has been doing all along. In July, people familiar with the matter disclosed that Foxconn had planned to invest $1 billion to expand its iPhone assembly plant in India to meet Apples strong demand to diversify its production outside China. Foxconn, Hewlett Packard and others are also considering building a plant in Mexico, according to people familiar with the matter. In addition to Foxconn, other iPad assemblers include Renbao electronics in Taiwan and BYD electronics in China. Source: Science and technology innovation board daily editor: Yang Bin_ NF4368

At the investor briefing in August, Liu Yangwei, chairman of Hon Hai, said that the development of global G2 (China and the United States) has become a trend. How to provide two sets of supply chains to serve these two markets is a world trend, which is what Hon Hai has been doing all along.

In July, people familiar with the matter disclosed that Foxconn had planned to invest $1 billion to expand its iPhone assembly plant in India to meet Apples strong demand to diversify its production outside China. Foxconn, Hewlett Packard and others are also considering building a plant in Mexico, according to people familiar with the matter.

In addition to Foxconn, other iPad assemblers include Renbao electronics in Taiwan and BYD electronics in China.