Apple in talks with suppliers to make MacBooks in Thailand - Nikkei

Posted by IDQWE001 > 2023-04-13 20:06 | Report Abuse

April 13 (Reuters) - Apple Inc (AAPL.O) is in talks with suppliers to make MacBooks in Thailand as part of the company's ongoing efforts to expand its manufacturing presence beyond China, Nikkei reported on Thursday. Suppliers who are participating in these talks have existing manufacturing complexes in Thailand for other clients, and are discussing possible assembly and production of components and modules for MacBooks, sources from three suppliers involved in talks with Apple told Nikkei.Apple has also been mass-producing its Apple Watch in Thailand for more than a year, the report added. Apple did not immediately respond to a Reuters request for comment. Reuters could not immediately determine the three suppliers the report cited. Apple and its key suppliers have been shifting production away from China, where strict COVID-19 curbs disrupted Foxconn's (2317.TW) biggest iPhone factory last year.Apple is also seeking to avoid a hit to its business due to tensions between Beijing and Washington. Separately, Bloomberg News reported on Thursday that Apple has tripled its production of iPhones in India, assembling over $7 billion worth of smartphones in the country in the last fiscal year. The tech giant now manufactures almost 7% of its iPhones in India, up from 1% in 2021, the report said. Apple did not immediately respond to a Reuters request for comment on India production. In March, Foxconn announced its plans to increase investments outside of China. Meanwhile, Pegatron Corp (4938.TW) is in talks to establish a second factory in India as part of its efforts to diversify production away from China, Reuters reported.

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4 comment(s). Last comment by IDQWE001 2023-04-13 20:17

IDQWE001

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Posted by IDQWE001 > 2023-04-13 20:07 | Report Abuse

DSAI should make a trip to US attract multi currency investment.

IDQWE001

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Posted by IDQWE001 > 2023-04-13 20:14 | Report Abuse

iPhone supplier Foxconn will build a factory in India, moving away from China: Report
PUBLISHED FRI, MAR 3 20239:17 AM ESTUPDATED FRI, MAR 3 202310:05 PM EST

Foxconn
, one of Apple’
s largest suppliers and a major manufacturer of iPhone components, will invest about $700 million to build a new plant in India’s Karnataka state, Bloomberg reported Friday. The report comes as U.S. companies continue to reevaluate their reliance on China in the wake of mounting tension between the U.S. and the Chinese government.

Bloomberg, citing people familiar with the matter, said Foxconn will build an iPhone parts plant on a 300-acre site near Bengaluru’s Kempegowda International Airport. Bengaluru, also known as Bangalore, is the capital of Karnataka state, which lies on the southwestern coast of India and has one of the highest per-capita GDP levels of any Indian state.

Government officials confirmed Bloomberg’s reporting on Friday, writing that the new plant would create 100,000 jobs. The effort will be one of the largest investments by Foxconn in India, Bloomberg reported.

Bengaluru in particular is considered one of the leading engineering and technology hubs in India.

IDQWE001

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Posted by IDQWE001 > 2023-04-13 20:15 | Report Abuse

Foxconn and technology suppliers more broadly have looked to diversify beyond China, which has been a traditional hub for manufacturing, in the wake of devastating Covid lockdowns and manufacturing slowdowns. Those lockdowns prompted widespread national dissent, and videos of Foxconn employees fleeing the company’s iPhone manufacturing facility spread widely on Western social media.

India and Vietnam have emerged as top contenders to supplant China’s dominance in the manufacturing and supply space. CNBC has previously reported on comments from Indian government officials which claimed that Apple sought to ramp up production in India to account for 25% of their total output. Foxconn already maintains a presence in India through a Chennai-proximate factory in eastern India.

IDQWE001

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Posted by IDQWE001 > 2023-04-13 20:17 | Report Abuse

Proof of global supply chain realignment making ASEAN countries rise. Country likes to have war just let it be and RIP.

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