Luxshare Precision Industry, a key assembler of the iPhone and other Apple products, said it will maintain large-scale production in Vietnam and continue exports from there to the U.S., responding to President Trump’s tariffs, reports The Wall Street Journal.
Trump has currently imposed tariffs of more than 100% on Chinese goods and 46% on Vietnamese goods. Execs of Luxshare said at an investor briefing Wednesday that major clients are weighing moves to shift production to regions facing lower tariffs than China, notes the WSJ.
Luxshare is a Chinese electronic components manufacturer. It’s headquartered in Bao’an District, Shenzhen, Guangdong Province. In 2020, Luxshare became an iPhone assembler after acquiring two iPhone assembly plants from Wistron.
