Hon Hai Could Bring China Phone Exports Lower to Help Apple — Panjiva
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Hon Hai Could Bring China Phone Exports Lower to Help Apple

China 3053 Info Tech - Comms Equip 264 South Korea 605 U.S. 5404 Vietnam 414

Hon Hai Precision, aka Foxconn, “can help Apple respond to its needs” in the U.S. should tariffs be extended by the Trump administration, according to the firm’s semiconductor manager Young Liu. That follows comments from CEO Terry Gou that Foxconn may need to cut its manufacturing in China more broadly. Chinese telecoms exports may have already peaked with a 4.7% year over year drop in the 12 months to May 30 after six straight months of declining exports. China still represented 78.6% of the 215.5 million handsets imported to the U.S. in the 12 months to Apr. 30. I...

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