China Scrambles to stem manufacturing exodus as 50 companies leave

I had been curious that this could be an issue. During the ASM trade tensions with China was an issue mentioned and discussed.

This is one possibility of why a 1 quarter delay could be extended. 

One of the many things to watch, I see it as a long-term positive, short term disruptive event.

Thanks Mike

Asia.nikkei.com


TOKYO/SHANGHAI -- China is racing to keep foreign enterprises in-country, dangling special benefits so that the advantages of staying outweigh the heavy tariffs imposed by the U.S.

A year into the trade war with Washington, more than 50 global companies, including Apple and Nintendo, have announced or are considering plans to move production out of China, Nikkei research has found.

And not just foreign companies. Chinese manufacturers, as well as those from the U.S., Japan and Taiwan, are part of the drain, including makers of personal computers, smartphones and other electronics.

Financial Times
Foxconn will start mass production of displays, car electronics and servers for the US market at its new plant in Wisconsin by the end of next year, Mr Liu said, and plans to invest $1.5bn and employ up to 2,000 people by the end of 2020. At the first investor conference Foxconn hosted in its 45-year history, the world’s largest electronics manufacturer and largest assembler of Apple’s iPhone presented a new management structure designed to deal with the exit of Terry Gou, its founder, from day-to-day business as he runs for president of Taiwan.