Wistron plans to move iPhone production from China to India, Vietnam
By MYBRANDBOOK
Wistron Corp has announced that this week half its capacity could reside outside China within a year. The declaration underscored how the Asian assemblers that keep the world supplied with iPhones and other gadgets are shifting to a higher gear after the coronavirus showed the folly of staking everything on one country.
The move in production out of China has been underway since the trade war between Washington and Beijing reached its zenith last year. Now, Covid-19 is expediting that. Decisions by companies like Wistron and other Apple Inc. partners including Hon Hai Precision Industry Co., Inventec Corp. and Pegatron Corp., could re-shape tech supply chains.
Wistron is thinking of India, where it’s already making some iPhones, along with Vietnam and Mexico, setting aside $1 billion to fund the expansion this year and next. iPhone assembler Pegatron is also diversifying manufacturing sites, including by adding capacity back home in Taiwan. Chief Executive Officer Liao Syh-jang has said that the company hopes to kick-start manufacturing operations in Vietnam in 2021 after setting up a new plant in Indonesia last year, and it’s further looking at India as a location for new facilities. It said on Friday that it had agreed to purchase land and a plant in Northern Taiwan.
Apple’s main assembly partner for AirPods, Inventec, said it is preparing to establish a unit in Vietnam.
Large-scale relocation of manufacturing capabilities would also take time. Apple CEO Tim Cook said in late February that the company wasn’t looking to make any quick moves out of China in light of virus-related supply-chain interruptions. The singularly trying experience of dealing with the outbreak in China will reverberate well after Covid-19 subsides, raising questions about the globalized business model of modern corporations.
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