Apple shifting away from China ...News

The tech giant is expanding manufacturing in the emerging markets of Vietnam and India The main Apple assembler, Foxconn, announced on Tuesday the establishment of a major new factory in Vietnam as the iPhone maker continues to move its production away from China. Foxconn has signed a $62.5 million lease on 45 hectares of land in an industrial park in Vietnam’s Bac Giang province. The factory should meet “operational needs and expand production capacity” and is expected to bring in 30,000 workers, representing $300 million in investment. The tech giant will reportedly assemble MacBooks at the new plant in Vietnam.

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