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Apple suppliers Foxconn, Luxshare eyeing base in Vietnam: Report

Report says suppliers come in foretells produce the Apple Watch and MacBook in the Southeast Asian country for the very first time.

Published On 17 Aug 2022

Apples suppliers come in foretells produce the Apple Watch and MacBook in Vietnam for the very first time, Nikkei Asia has reported, citing people acquainted with the problem.

Chinas Luxshare Precision Industry and Taiwanese iPhone assembler Foxconn have started test production of both items in Northern Vietnam, the report published on Wednesday said.

Apple has been shifting some components of iPhone production from China to other markets, including India, where it started manufacturing iPhone 13 this season.

India, the worlds second-biggest smartphone market, and countries such as for example Mexico and Vietnam have become increasingly vital that you manufacturers supplying American brands, because they make an effort to diversify production from China.

Apple, Foxconn and Luxshare Precision didn’t immediately react to a Reuters obtain comment.

The other day, Foxconn gave a cautious outlook for the existing quarter after posting results that exceeded expectations, citing slowing smartphone demand following a pandemic-fuelled boom.

Like other global manufacturers, Foxconn formally called Hon Hai Precision Industry Co Ltd has handled a severe shortage of chips that hurt production, as bottlenecks from the pandemic lingered and the Ukraine war further strained logistical channels.

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