Foxconn Says Prepared to Move Apple Production Out of China if Necessary - News Summed Up

Foxconn Says Prepared to Move Apple Production Out of China if Necessary


Has the relationship between the U.S. and China simply hit a speed bump or were the events of mid-May a sign of something more serious? WSJ's Gerald F. Seib explains. Photo: GettyHONG KONG—Foxconn Technology Group said it is ready to shift production for Apple Inc. out of China if necessary, as the electronics assembler tried to assuage investors’ concerns over the U.S.-China trade conflict. In the company’s first-ever investor meeting and conference call since going public in 1991, senior executives at Taiwan-based Foxconn sought to address investor uncertainty as it prepares for a leadership transition.


Source: Wall Street Journal June 11, 2019 09:16 UTC



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