Report: Apple Transferred Orders from Foxconn to Chinese Company to Boost $275B Deal with Communists
By LUCAS NOLAN
31 December 2021
According to a recent report, Apple has increased its reliance on Communist Chinese suppliers and appears to be replacing Taiwanese manufacturer Foxconn with Chinese supplier Luxshare as part of its $275 billion deal with the Communist government.
A recent report from The Information reveals that tech giant Apple is increasing its reliance on Chinese supply chain partners and appears set to replace Taiwanese supplier Foxconn with Chinese supplier Luxshare as its primary manufacturer.
This news comes shortly after a report released earlier in December that Apple signed a $275 billion deal with the Chinese government in 2016 to invest in local companies. As part of the deal, Apple agreed to help Chinese firms build “the most advanced manufacturing technologies” and invest “many billions of dollars” in the country. The five-year agreement was designed to placate Chinese government officials who felt that Apple was failing to invest enough in the Chinese economy.