Caixin
Mar 01, 2023 05:20 AM
ECONOMY

Apple Suppliers Race to Exit China, AirPods Maker Says

Bloomberg Intelligence estimates it could take eight years to move just 10% of Apple’s capacity out of China.
Bloomberg Intelligence estimates it could take eight years to move just 10% of Apple’s capacity out of China.

(Bloomberg) — Apple Inc.’s Chinese suppliers are likely to move capacity out of the country far faster than many observers expect to preempt fallout from escalating Beijing-Washington tensions, according to one of the U.S. company’s most important partners.

AirPods maker GoerTek Inc. is one of the many manufacturers exploring locations outside its native China, which today cranks out the bulk of the world’s gadgets from iPhones to PlayStations. It’s investing an initial $280 million in a new Vietnam plant while considering an India expansion, Deputy Chairman Kazuyoshi Yoshinaga said in an interview.

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