- ALSO READ
Apple Inc rolls out new beta firmware update for its AirPods lineup
Apple may develop 'AirPods Lite' to compete with cheaper wireless earbuds
Apple AirPods Pro earbuds capable to double up as hearing aids: Report
Indian mission holds musical night in Vietnam to celebrate bilateral ties
Ear tips in new AirPods Pro incompatible with older model: Apple
-
AirPods maker GoerTek Inc.’s Vietnam business chief is leaving the company, days after the executive outlined how Apple Inc.’s Chinese suppliers are likely to move capacity out of the country far faster than anticipated to pre-empt fallout from escalating Beijing-Washington tensions.
Deputy Chairman Kazuyoshi Yoshinaga is departing for “personal reasons,” the Chinese firm said in a brief exchange filing, without elaborating. He didn’t respond to messages seeking comment.
Apple’s suppliers rarely comment on its thinking, in part because of the US company’s famous insistence on secrecy across its global supply chain. Yoshinaga didn’t disclose Apple’s strategy or plans to Bloomberg News. Instead, he described how big US names are pressuring their Chinese suppliers to explore alternative production bases beyond the country, such as India and Vietnam.
The expanding conflict between the US and China — which began with a trade war but expanded to encompass sweeping bans on the exchange of chips and capital — is spurring a rethink of the electronics industry’s decades-old supply chain. The world’s reliance on the Asian nation became starkly clear during the Covid Zero years, when Beijing’s restrictions choked off the supply of everything from phones to cars.
The iPhone maker itself has kept mum on whether it plans to diversify out of China, which would entail revamping a model Tim Cook pioneered under Steve Jobs before taking over as chief executive officer. The US giant has been careful to avoid suggestions it might reduce its investment in a country where it’s built an ecosystem centered on companies such as GoerTek and Foxconn Technology Group, which collectively employ millions.
GoerTek for its part is investing an initial $280 million in a new Vietnam plant while considering an India expansion, Yoshinaga said during last month’s interview.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
First Published: Thu, March 09 2023. 14:02 IST
RECOMMENDED FOR YOU