Despite Trump’s proclamations, the U.S. won’t get many of the jobs moving out of China.
The requests that textile factory manager Huynh Thi Ai Diem receives are almost always the same: A foreign company is desperately trying to relocate production from China to Vietnam.
While U.S.-based companies seek alternatives beyond mainland China, their counterparts in China likewise are “de-Americanizing” their supply chains, reducing their reliance on U.S. core technology for fear they will suffer the same fate as Huawei. That company is now hunting for Asian and European component makers to reduce its dependence on U.S. firms such as Android maker Google and hardware maker Micron Technology Inc.
Mere months ago, it seemed as if China had a virtual lock on the business of making the world’s electronics — an arrangement that benefited not just tech juggernauts such as Dell Technologies Inc. and HP Inc. but also ensured jobs for millions across the country and fostered the growth of a massive Chinese manufacturing industry.
Modi’s efforts to drive foreign companies to source components in India is showing success. Foxconn will start to churn out iPhones in that country this year; its print circuit board affiliate and Apple supplier Zhen Ding Technology Holding Ltd. announced plans to invest there late last year. Luxshare Precision Industry Co.
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