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….