Fears about an impending trade war with China have shaken Apple, which produces the overwhelming majority of its devices in the country. The country not only manufactures iPhone, iPad and Mac computers (among others) but it is also the source of numerous components required to make those devices.
"We have enough capacity to meet Apple's demand", Liu added. Ltd, which trades as Foxconn, is Apple's major manufacturing partner for the iPhone and iPad. With President Donald Trump threatening Beijing with imposing new tariffs on about $300 billion worth of Chinese goods, the giant of Cupertino will have a complicated situation to deal with.
However, Apple hasn't requested such a transfer of production capacity from China to other markets, he said, albeit Hon Hai is ready to "respond swiftly" if needed. -Chinese trade spat gets grimmer and more unpredictable, board nominee and semiconductor division chief Young Liu told an investor briefing in Taipei on Tuesday.
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The statement from Foxconn comes as the U.S. threatens China with Dollars 300 billion worth of new tariffs which will virtually cover all Chinese exports to the USA, escalating trade tensions and effectively placing a tax on Apple's iPhones which are now manufactured in China.
However so far, Liu said, Apple has not given any instructions to Foxconn to move production out of China. The firm moved much of its production to China in previous years and has embraced the company as another of its largest sources of revenue due to its nature as a status symbol.
Possible locations for the shift in Apple product manufacturing include India and the United States. On Tuesday, executives reaffirmed that employment goal, saying construction remained on schedule and that it will hire as many as 2,000 Americans by the end of 2020.