According to a published report, Foxconn Technology Group, Apple’s prime contract manufacturer is ready to shift production out of China if becomes necessary. The revelation came in the contract manufacturer’s first-ever investor meeting and conference call.
An Asian based publication reported last week that global contract electronics provider Foxconn, and its LCD panel manufacturing arm Innolux, have acquired equity stakes in North America based television brand Vizio. This move has significance expanding the consumer electronics supply chain ecosystem in the U.S. for the production and assembly of televisions.
As was speculated by business media this week, Foxconn, the largest global electronics contract manufacturer has indeed made its announcement regarding an initial $10 billion manufacturing investment in the U.S.