Major Apple suppliers are shifting manufacturing capacity outside of China, with Vietnam and India being their top destinations, as firms struggle with supply disruptions and geopolitical tensions.
China-based GoerTek, which makes Apple’s AirPods, is investing $280 million in a new manufacturing plant in Vietnam while also considering other destinations like India. Since January, the company has been receiving many questions from clients as to “when can you move out,” GoerTek deputy chairman Kazuyoshi Yoshinaga said in an interview with Bloomberg.
China’s strict COVID regulations that disrupted production, as well as Beijing’s simmering geopolitical tensions with the United States, are said to be some of the factors driving the exit of various firms from the country…. Source
China Exodus—Multiple Apple Suppliers Moving Out of Country
March 2nd, 2023 Awake Goy
Oil Rises on China Demand Optimism and Supply Concerns
Norway Becomes First Scandinavian Country to Decriminalise Drugs
German General – Russia is no threat. China?
Trump responds to 'choke artist' Romney
China Develops AI ‘Prosecutor’ That Can Charge Citizens With Crimes
China Defends Buzzing American Warship In Taiwan Strait, Accuses U.S. Of Provoking Beijing