Apple assembler Foxconn considering iPhone factory in Vietnam -state media

December 5, 2018 3:26 AM

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HANOI (Reuters) - Foxconn, the world’s biggest electronics contract manufacturer and a key Apple Inc supplier, is considering setting up a factory in Vietnam to mitigate any impact of an ongoing trade war between the United States and China, Vietnamese state media reported.

The move would be one of the first significant steps by a major company with large manufacturing facilities in China to secure an additional production base outside the country because of trade tensions between the world’s top two economies.

Also read: Kudlow says does not see Huawei issue spilling into trade talks with China: CNBC

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