Sharp produces Apple’s iPhone display, Vietnam to establish a factory
Sharp, one of Apple’s suppliers, announced that it will build a factory in Vietnam due to the trade war between the US and China. The company will produce LCD display for iPhone models in its new factory.
Sharp, one of Apple’s key suppliers, announced that US President Trump will move some of its production from China to Vietnam in response to the trade war with China.
Technology companies leave China
According to Reuters, Sharp’s new factory in Vietnam, which will be established with a capital of $ 25 million, will produce LCD displays for Apple as of April next year. Sharp is currently supplying LCD panels for the Apple iPhone XR models and is expected to leave China to keep costs low as a result of the trade war between the US and China.
Trump’s application of more tax tariffs on China’s imports has led some large companies to consider removing some of their output from China as a last resort. Recently, Japanese news agency Nikkei announced that Apple plans to carry about a third of its total production in China. Although Apple has demanded a tax cut from the US President, the news is that the Trump government will further raise its tax tariff on China.