India launched a R115-billion plan on Tuesday to boost electronics manufacturing, saying it would start by offering five global smartphone makers incentives to establish or expand domestic production.
Hon Hai Precision Industry’s profit plunged by the most on record after the coronavirus disrupted its China production and walloped global smartphone demand.
First it was the Olympics, and now this! Apple might delay the release of its upcoming 5G iPhone by several months because of the Covid-19 pandemic, Nikkei reported on Thursday.
As Chinese-based manufacturers begin to restart factories on Monday, no one knows for sure when they’ll be back at full-speed – or what sort of chaos may ensue.
Setting aside the global health implications, Apple and its suppliers may have got lucky with the timing of the coronavirus outbreak.
The decades-old supply chain is starting to split in two: one beyond China’s borders that serves American concerns, and another within the world’s most populous country that caters to local consumers.
Google is moving some production of Nest thermostats and server hardware out of China, avoiding punitive US tariffs and an increasingly hostile government in Beijing.