Foxconn Expanding Manufacturing in Vietnam
23 AUGUST 2022 - Foxconn is growing its manufacturing capacity in Vietnam. Apple Insider says Apple’s manufacturing partner and the world’s largest contract manufacturer is dropping $300 million on an existing facility in Kinh Bac City.
While the report says the expansion will add 30,000 jobs in the area, it’s unknown what - if anything - it means for Apple. There’s plenty of reason to think it will mean more manufacturing of Apple kit there, though. Apple is believed to want to move some manufacturing out of China. That’s thanks in part to the havoc COVID has played with manufacturing in the Middle Kingdom. Then there’s the ongoing political tension between China and the U.S.
While Apple and Foxconn are ramping iPhone production in India, talk of manufacturing in Vietnam has turned up a few times over the past several months. That’s run the gamut from talk last week of Apple Watch and MacBook production there to reports in June of some iPad production moving to Vietnam to the Prime Minister of Vietnam visiting Apple Park in the spring telling Tim Cook how great it would be if Apple had more stuff made in Vietnam.