From “Foxconn to shift some Apple production to Vietnam to minimize China risk” posted Thursday:
Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple Inc, said a person with knowledge of the plan, as the U.S. firm diversifies production to minimize the impact of a Sino-U.S. trade war…
Taiwanese manufacturers, wary of being caught up in the tit-for-tat trade war, have moved or are considering moving some production from China to countries such as Vietnam, Mexico and India.
Foxconn is building assembly lines for Apple’s iPad tablet and MacBook laptop at its plant in Vietnam’s northeastern Bac Giang province, to come online in the first half of 2021, the person said, declining to be identified as the plan was private.
The lines will also take some production from China, the person said, without elaborating how much production would shift.
“The move was requested by Apple,” the person said. “It wants to diversify production following the trade war.”
My take: Bloomberg adds that Foxconn will invest $270 million in the Bac Giang plant.