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Top related persons:
Donald Trump's - 1 Trump - 1 Kamala Harris - 1 Oppo - 1 Bernstein - 1 — CNBC's Michael Bloom - 1
Top related locs:
U.S China India ASEAN Mexico iPhones GoerTek Luxshare
Top related orgs:
JPMorgan - 1 Republican - 1 Democratic - 1 Biden - 1 Apple - 1 Wingtech - 1 Luxshare Precision Industry - 1

Search resuls for: "GoerTek"


4 mentions found


☆ How Apple's China suppliers could actually benefit from U.S. trade tensions, according to JPMorgan
  + stars: | 2024-10-27 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +3 min
After a sweeping look at global trade shifts, JPMorgan strategists have concluded that some of Apple's Chinese suppliers could benefit from the trend of supply chain diversification. The Oct. 18 report looked at 10 aspects of "the great supply chain relocation and the rise of trading blocs." The analysis ranged from China's dominance in the global supply chain and overcapacity concerns, to U.S. policy. Calls for supply chain diversification picked up during the Covid-19 pandemic. "Further, they highlight names that could benefit from Apple's supply chain relocation," the report said.
Persons: Donald Trump's, Trump, Kamala Harris, Oppo, Bernstein, — CNBC's Michael Bloom Organizations: JPMorgan, Republican, Democratic, Biden, Apple, Wingtech, Luxshare Precision Industry Locations: U.S, China, India, ASEAN, Mexico, iPhones, GoerTek, Luxshare, Vietnam, Malaysia, Philippines, Shenzhen, Indonesia
☆ Exclusive: Apple supplier Foxconn wins AirPod order, plans $200 mln factory in India - source
  + stars: | 2023-03-16 | by ( Yimou Lee | ) www.reuters.com   time to read: +4 min
One source said Foxconn will invest more than $200 million in the new India AirPod plant in the southern Indian state of Telangana. The decision to set up production in India was requested by Apple, according to the source. 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. Foxconn said on Wednesday it would ramp up investment outside China to meet customer demand and lower its reliance on China for production. It was not immediately clear whether Foxconn's production plan would have impact on current AirPod suppliers, including Luxshare Precision Industry (002475.SZ).
☆ 23 major brands suspected of illegally sourcing products made by forced labor in China
  + stars: | 2022-12-17 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +9 min
And more ...Mary Meisenzahl/InsiderThese companies have also been suspected of having direct or indirect ties to Chinese forced labor in the aforementioned reports. Bosch"Bosch is committed to ensuring that its products are not produced wholly or in part by forced labor. "Compliance with human rights, labor rights and environmental standards is a top priority at PUMA and has been specified in our Codes of Conduct for over 20 years." As stated in our Business Conduct Guidelines, we reject all forms of oppression, forced labor and participation in human rights violations. We will continue to respect human rights and take a strong stand against forced labor."
☆ Shares in Apple supplier Goertek tumble after client suspends order
  + stars: | 2022-11-09 | by ( Josh Ye | ) www.reuters.com   time to read: +1 min
Goertek said late on Tuesday it had received the notice from a "major overseas client", without disclosing the identity of the customer or product. Shares in Goertek fell by their maximum, triggering a trading suspension in accordance with exchange rules. "Goertek's suspension of production is more likely due to production issues rather than demand issues," he said. Apple and Goertek, whose clients also include Samsung and Microsoft, did not immediately reply to requests for comment. Goertek rivals Luxshare (002475.SZ) and AAC Technologies (2018.HK) jumped as high as 4.6% and 14.6%, respectively, before paring gains.
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