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Analyst: Apple wants to reduce its reliance on China-based manufacturers

Analyst Ming-Chi Kuo tweets that Apple is looking into ways to reduce its reliance on Chinese companies that manufacture its products. His tweet: Apple’s new product introduction (NPI) sites are almost in China. It was the first time for Apple to evaluate building NPI sites in non-China seriously wh
Ming Chi Kuo Compal Electronics Analyst Ming Chi Kuo Nikkei Asia Jiangsu Province

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Half of Apple's 200 top suppliers could be affected by COVID issues in China

Half of Apple’s 200 top suppliers — including Pegatron, Compal Electronics — have facilities in and around Shanghai, where COVID-related lockdowns and traffic restrictions “are disrupting a wide swathe of business activities,” according to a Nikkei Asia analysis. More than 70 companies own manufactu
Compal Electronics Nikkei Asia Jiangsu Province Supplier List

Here's how China's lockdowns are rippling through the economy | Jill Disis

CHINA’S lockdowns to contain the country’s worst Covid outbreak since early 2020 have battered the economy, stalling production in major technology and financial hubs like Shenzhen and Suzhou, and halting spending by millions of people shut in their homes. The restrictions are intended to eradicate any trace of the virus…
Qilai Shen Bloomberg Li Keqiang Robert Bosch Gmb China Real Estate Information Corp Wedbush Securities Inc Nio Inc

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