👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

Apple in talks with suppliers to make MacBooks in Thailand - Nikkei

Published 04/13/2023, 01:45 AM
Updated 04/13/2023, 08:30 AM
© Reuters. FILE PHOTO: The keyboard and applications on an Apple MacBook Pro are shown at the Apple retail store in San Francisco, California, U.S. July 21, 2009.  REUTERS/Robert Galbraith/File Photo
JP225
-
AAPL
-
SONY
-
WDC
-

(Reuters) -Apple Inc is in talks with suppliers to make MacBooks in Thailand as part of the company's ongoing efforts to expand its manufacturing presence beyond China, the Nikkei reported on Thursday.

Suppliers involved in the talks already have manufacturing complexes in Thailand for other clients and are discussing possible assembly and production of components and modules for MacBooks, sources from three suppliers involved in the talks with Apple (NASDAQ:AAPL) told Nikkei.

Apple has also been mass producing its Apple Watch in Thailand for more than a year, according to the report.

The iPhone maker did not immediately respond to a Reuters request for comment.

At least 18 suppliers including Compal Electronics Inc, Sony (NYSE:SONY) Group Corp and Western Digital Corp (NASDAQ:WDC) have operations in Thailand, according to Apple's latest supplier list.

Apple and its key suppliers have been shifting production away from China, where strict COVID-19 curbs disrupted Foxconn's biggest iPhone factory last year.

Apple is also seeking to avoid a hit to its business due to tensions between Beijing and Washington.

Separately, Bloomberg News reported on Thursday that the company has tripled its production of iPhones in India, assembling over $7 billion worth of smartphones in the country in the last fiscal year.

© Reuters. FILE PHOTO: The keyboard and applications on an Apple MacBook Pro are shown at the Apple retail store in San Francisco, California, U.S. July 21, 2009.  REUTERS/Robert Galbraith/File Photo

There has been a significant increase in Apple's production in India as it attracts more new customers in the Asian country and shifts production from China, TechInsights industry analyst Abhilash Kumar said.

Foxconn said last month it plans to ramp up investment outside of China. Pegatron Corp, another Apple supplier, was in talks to open a second India factory, Reuters reported last month.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.