Foxconn mulls iPhone factory in Vietnam

[Viet]

By Scott Morgan,Taiwan News, Staff Writer
2018/12/04 11:59

TAIPEI (Taiwan News) – Foxconn Technology Group, the world's largest contract electronics manufacturer, is reportedly mulling over a new iPhone factory in Vietnam to sidestep rising tariffs of the U.S.-China trade war.

Foxconn is in talks with the Hanoi People’s Committee about the potential factory, reported Vietnam Investment Review.

U.S. President Donald Trump suggested last month that a 10 per cent tariff could be applied to Chinese-made smart phones and laptops.

Analysts suggest that if the U.S. imposes a 25% tariff on Chinese-made smartphones, higher supply chain costs will make manufacturing in China unviable for some companies.

Foxconn has a manufacturing presence in Vietnam, where the company manufactures Nokia branded telephones. Sharp Group, which is owned by Foxconn, also has a manufacturing presence in Vietnam.

The manufacturing switch depends on how the U.S.-China trade war unfolds, and Foxconn is currently evaluating the style and extent of a potential move, reported United Daily News.

The Vietnam Investment Review suggests a potential entry by Foxconn will shake-up the smartphone manufacturing sector in Vietnam, which is dominated by Samsung, and will bring about greater competition for labor and more business for local suppliers.


https://www.taiwannews.com.tw/en/news/3589165

 

[Mohrenn]

Vietnam seems to be on a good path, but we'll see

 

[Viet]

Vietnam seems to be on a good path, but we'll see

Who says a trade war is healthy? Some Chinese companies think otherwise, are panicked rushing to exit doors

If true, Foxconn employs one million workers in China, I don’t think, the company will shut down everything but if Vietnam just gets 0.5 million jobs, it’s good enough.

 

[Mohrenn]

Foxconn takes low level assembing out of China and brings in sensor manufacturing from Japan in China, seems like a fair deal to me

 

[艹艹艹]

Who says a trade war is healthy? Some Chinese companies think otherwise, are panicked rushing to exit doors

BMW, GM, Tesla, exxonmobil have continued to invest heavily in China, maybe some low-end manufacturing moved to Vietnam

now, China is undergoing industrial transformation and upgrading（2025）