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Major China-listed Apple suppliers including Luxshare, Goertek fall after Trump's tariff threats
Economic Times
·
3m ago
Medial
Major China-listed Apple suppliers, such as Luxshare, Goertek, and Lens Tech, experienced a sharp decline after U.S. President Donald Trump threatened to impose a 25% tariff on imported iPhones. This development was a result of Trump's warning on Friday to intensify the trade war with China. The potential levy on iPhones purchased by U.S. consumers caused significant market uncertainty for these suppliers.
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Building Apple products has become a side hustle for China’s biggest EV maker
Livemint
·
9m ago
Medial
Chinese electric vehicle maker BYD is responsible for assembling over 30% of Apple's iPads, according to industry executives and analysts. The company, which is Tesla's main competitor in the EV market, has a second business manufacturing electronics. BYD, along with iPhone assembler Luxshare, have become essential for Apple's supply chain in China, highlighting the difficulty of reducing Chinese manufacturing. Apple CEO Tim Cook has acknowledged the importance of the Chinese partners and their expertise, particularly in relation to tariff exemptions and diversifying suppliers.
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What Trump's Apple threat means for India's tariff negotiations
Economic Times
·
3m ago
Medial
President Trump's tariff changes have impacted India's trade negotiations with the U.S. Despite facing a 26% tariff, India initially saw an opportunity due to higher tariffs on China and other Asian countries. However, Trump's evolving tactics, especially regarding Apple's manufacturing shift to India, have complicated matters. Trump's suggestion for Apple to produce in the U.S. adds uncertainty, yet Indian officials believe this may be a bargaining tactic rather than a definitive threat to their growing manufacturing edge.
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Apple’s Tim Cook meets with Trump as tariffs threaten iPhones
Economic Times
·
6m ago
Medial
Apple CEO Tim Cook is meeting with President Trump at the White House as Apple faces challenges from U.S. tariffs on Chinese goods and potential Chinese probes into its policies. The meeting aims to address the risk of Apple being caught in escalating trade tensions between the U.S. and China. Cook and Apple have historically maintained a strategic relationship with Trump, securing tariff exemptions, although future exemptions remain uncertain due to Trump's broader tariff strategies.
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Apple’s manufacturer Luxshare moves investment to Vietnam instead of India
Livemint
·
1y ago
Medial
Apple's major Chinese component manufacturer, Luxshare, has reportedly decided to invest in Vietnam instead of India due to ongoing political tensions between the two countries. Luxshare, a key supplier for Apple's AirPods and potentially iPhones, will shift its $330 million investment to Vietnam's Bac Giang province. This decision could result in a loss for India, which had hoped to incorporate Indian companies like the Tatas into Apple's supply chain. The move by Luxshare reflects Apple's increasing intent to diversify its manufacturing beyond China.
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Apple supplier Luxshare weighs manufacturing in US to tackle tariffs
Economic Times
·
4m ago
Medial
Apple supplier Luxshare considers expanding manufacturing outside China, including the U.S., to tackle U.S. tariffs. Chairwoman Wang Laichun stated the tariffs' impact on profits is minimal, but more overseas investments are considered. They may fulfill U.S. market needs through localized products, contingent on commercial guarantees. Luxshare, with facilities across several countries, speculates greater Southeast Asian investments, but not India yet. Tariffs, she notes, don't typically affect hardware manufacturers' pricing strategies.
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Trump's new tariffs test Apple's global supply chain
Economic Times
·
4m ago
Medial
President Donald Trump's new tariff strategy significantly impacts Apple's global supply chain. Initially, to counter 2018 tariffs on China, Apple shifted production to Vietnam and India. However, with Trump's proposal of new tariffs—46% on Vietnam and 26% on India—Apple faces increased financial pressure. Already contending with 20% tariffs on Chinese imports, Apple's costs could rise significantly, affecting profits. The company's diversification efforts—redirecting production to India and Vietnam—now confront new challenges.
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Apple leads surge in global tech shares after Trump tariff relief - The Economic Times
Economic Times
·
22d ago
Medial
Global tech shares, led by Apple, surged after President Trump's tariff relief announcement, exempting major chipmakers committed to U.S. manufacturing. Apple's stock rose due to its $100 billion U.S. investment pledge. Chipmakers like AMD, Intel, and Nvidia experienced gains, and TSMC hit record highs. However, the Philippines and Malaysia expressed concerns about potential impacts on their semiconductor exports, seeking clarity on the new tariffs, which could severely affect their economies.
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Trump threatens 25% tariffs on iPhones made outside the US | TechCrunch
TechCrunch
·
3m ago
Medial
President Trump threatened Apple with a 25% tariff on iPhones unless it moves production to the U.S. He expressed this demand on Truth Social, highlighting Apple's efforts to shift manufacturing to India amidst the U.S.-China trade war. Trump's remarks follow Foxconn's $1.5 billion investment in India. Tim Cook indicated many iPhones sold in the U.S. will originate from India. Trump has also pressured Walmart regarding tariff costs.
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US tech, retail stocks lead rout after tariff shock
Economic Times
·
4m ago
Medial
U.S. President Donald Trump's new tariffs triggered a global stock market sell-off, impacting key industries like retail and technology. Major retailers and Apple shares fell sharply due to their reliance on Asian suppliers. The tariffs affect production hubs, potentially increasing costs and lowering profit margins. Analysts express concerns over global supply chain disruptions and economic slowdown. U.S. stock futures dropped, volatility increased, and major Wall Street lenders faced declines, while semiconductors might face indirect impacts.
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Apple Supply Chain Expands in Tamil Nadu
StartupTalky
·
1m ago
Medial
Apple's supply chain is expanding in Tamil Nadu with a significant INR 30,000 crore investment, expected to create 60,000 jobs. Driven by strong infrastructure and talent, Apple suppliers are setting up manufacturing in the state. The Tamil Nadu Electronics Components Manufacturing Scheme offers incentives comparable to national schemes to attract companies. Major suppliers include Foxconn, Tata Electronics, and Pegatron. This move is part of Apple's strategy to diversify its supply chain beyond China.
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