As per reports, Foxconn Technology Group will move the assembly of some Apple Inc. Apple (AAPL) iPads and MacBooks to Vietnam from China in order to minimize the impact of a Sino-U.S. trade war. Taiwanese manufacturers, worried about being caught up in a state of a trade war, have moved or are considering moving some production from China to countries such as India, Vietnam, and Mexico.
The company, whose formal name is Hon Hai Precision Industry Co. is building assembly lines for Apple’s iPad tablet and MacBook laptop at its plant in Vietnam’s northeastern Bac Giang province, which is expected to come online in the first half of 2021.
Foxconn stated in a statement: “As a matter of company policy, and for reasons of commercial sensitivity, we do not comment on any aspect of our work for any customer or their products”.
Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.
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