Foxconn, COVID-19 drive Vietnam’s electronics super-power status

China 2905 Coronavirus 507 Info Tech - Comms Equip 184 Info Tech - Tech Hardware 737 U.S. 5211 Vietnam 343

Google’s Pixel and Microsoft’s Surface production will be partly moved to Vietnam from China in Q2 according to press reports. That’s a response to the U.S.-China trade war, disruptions caused by COVID-19 coronavirus and lower labor costs. Telecoms has come to account for 20.7% of Vietnamese exports in 2019 from 10.9% in 2015, while apparel and furniture fell to 41.5% from 49.5%. Foxconn has been an early adopter of telecoms production in Vietnam for shipment to the U.S. market. Shipments linked to Foxconn represented 65.4% of U.S. seaborne imports of telecoms and computer equipment from...

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