Apple Requests Foxconn Shift Some Production From China to Vietnam
In a bid to diversify its geographic risk, Apple (NASDAQ: AAPL) has asked its largest production partner, Foxconn, to shift some of its iPad and MacBook assembly work out of China and into Vietnam, Reuters reported last week.
The move comes as trade tensions between the U.S. and China continue to mount. President Trump has also encouraged U.S. companies to move their businesses out of China and has placed two more Chinese companies -- SMIC and CNOOC -- on a blacklist preventing Americans from investing in them.
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Source Fool.com
