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China’s Days as World’s Factory Are Over, IPhone Maker Says


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2020 Aug 12, 9:17pm   558 views  10 comments

by Patrick   ➕follow (55)   💰tip   ignore  

https://finance.yahoo.com/news/hon-hai-beats-profit-estimates-060452835.html

A key supplier to Apple Inc. and a dozen other tech giants plans to split its supply chain between the Chinese market and the U.S., declaring that China’s time as factory to the world is finished because of the trade war.

Hon Hai Precision Industry Co. Chairman Young Liu said it’s gradually adding more capacity outside of China, the main base of production for gadgets from iPhones to Dell desktops and Nintendo Switches. The proportion outside the country is now at 30%, up from 25% last June. ...

“No matter if it’s India, Southeast Asia or the Americas, there will be a manufacturing ecosystem in each,” Liu said, adding that while China will still play a key role in Foxconn’s manufacturing empire, the country’s “days as the world’s factory are done.”

Intensifying trade tensions between Washington and Beijing have pushed device manufacturers to diversify their production bases away from China, and Liu last year said that Apple’s most prized product, the iPhone, can be made outside China if needed. ...

Chinese rivals are also posing a growing challenge. Local electronics titan Luxshare Precision Industry Co. is poised to become the first Chinese homegrown iPhone assembler after sealing a deal in July to buy an Apple handset production plant from Wistron Corp. While Hon Hai will keep assembly orders for premium iPhones, Luxshare will eat into the business for mid-to-entry-level Apple handsets, Fubon Securities analyst Arthur Liao wrote in a July 23 note. ...

Orders could be further affected after President Donald Trump issued an executive order barring U.S. residents from doing business with Tencent Holdings Ltd.’s WeChat. Annual iPhone shipments could plunge 25%-30% if Apple is forced to remove the app from its app stores worldwide, TF International Securities analyst Kuo Ming-chi warned in an August 9 note.

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1   Tenpoundbass   2020 Aug 12, 9:49pm  

I went to Brandsmart USA today, their stock is getting low on many things. I asked the sales lady if they had more Action camera's than the one model they had hanging on a rack. She told me, we're very low on inventory, all of the factories are closed. TVs are still plenty because the best manufacturers are in South Korea or Japan, and other places other than China. All of the cheapo no name stuff is disappearing.
2   Ceffer   2020 Aug 12, 10:25pm  

Aren't the Chinese going to want all the bribes they payed their Democratic cohorts back?
3   just_passing_through   2020 Aug 12, 10:36pm  

Tenpoundbass says
All of the cheapo no name stuff is disappearing.


I just want Calvin Klein to start making my boxer shorts in not-china is asshole.

That and to cut the price again maybe, but I'd pay more.
4   latitude38   2020 Aug 12, 11:52pm  

Japan is spending upwards to 2Billion dollars to help their multinationals leave China . They just like us have found their supply chain lost during the pandemic . Why don’t we offer our multinationals Incentives to leave i.e., subsidies, direct loans , looser regulations , the whole enchilada. For national security reasons alone excluding China stealing intellectual trademarks , shipping hazardous materials and dumping products that our companies can’t compete with, the use of slave labor in making goods , manufacturing the precursors of meth and fentanyl that are killing our citizens every day . We can also help our neighbors to the south of us by giving them many of the assembly jobs thus ending the Illegal immigration Issue by giving them meaningful work at a decent wage ensuring democracy in the America’s
5   just_passing_through   2020 Aug 13, 8:40pm  

latitude38 says
Japan is spending upwards to 2Billion dollars to help their multinationals leave China . They just like us have found their supply chain lost during the pandemic . Why don’t we offer our multinationals Incentives to leave i.e., subsidies, direct loans , looser regulations , the whole enchilada. For national security reasons alone excluding China stealing intellectual trademarks , shipping hazardous materials and dumping products that our companies can’t compete with, the use of slave labor in making goods , manufacturing the precursors of meth and fentanyl that are killing our citizens every day . We can also help our neighbors to the south of us by giving them many of the assembly jobs thus ending the Illegal immigration Issue by giving them meaningful work at a decent wage ensuring democracy in the America’s


It's sad we don't have tons of people like you in an elected position or even a bureaucratic one.
6   Dholliday126   2020 Aug 13, 8:47pm  

The word is out on China, its either Cold War and crumble or die.
7   just_passing_through   2020 Aug 13, 9:05pm  

I watch a lot of news from Asia. Me thinks China is asshoe may have fucked themselves more than they outwardly protest.

Nobody likes their BS.

Today:
www.youtube.com/embed/jWeaBsF-PH4

PNG told them to go fuck themselves vis-à-vis their debt. Interestingly the Aussie PM funded an investigation into their data center that China is asshoe built for them. Full of holes and security issues. So they said fuck you we ain't paying! PPG is teeny tiny.

Lets see how many others do the same and if the One belt One road things falls to pieces soon. Lots of other countries have predatory loans with the asshoes right now.
8   rocketjoe79   2020 Aug 14, 8:14am  

If we use the word "decoupling" in our conversations, it's not inflammatory, but gets the message across. We're really quitting China, on all fronts. Decoupling just sounds better, and can be part of a long-range strategy as every country moves production out of China. The Chinese economy needs to be crippled to thwart their global domination aspirations. Every product bought from China somehow funds their activities to weaken all other democratic regimes.

Short list of anti-democratic activities:
1. Cyberwar
2. Defense spending that allows force projection,
3. IP theft
4. Funding NOK
5. Fentanyl Production that kills Americans
6. Labor camps
7. Uyhgur genocide.
8. Population monitoring to enforce State Objectives,
9 What else? The list goes on.

I really don't want my grandchildren learning Mandarin.

Some things I buy don't seem to be available outside China. But every day I read product labels and actively look for non-China products to buy.

"Made in China" is evil.
9   Blue   2020 Aug 14, 8:29am  

rocketjoe79 says
Short list of anti-democratic activities:

Every year update fake China map to encroach every neighbors land.

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