Tag: Relocation of Business

A Rare Opportunity to See China’s Leader Up Close and (Sort of) Personal

Media Library

As the most powerful Chinese leader in generations, Xi Jinping rarely bothers to glad-hand or to try charming a crowd. His public appearances in China are carefully crafted, with fawning cadres and adoring fans carefully positioned around him. So when Mr. Xi landed in San Francisco this week to meet with President Biden, to try to stabilize a relationship with the United States that has been spiraling downward, it provided a rare opportunity to see the Chinese leader up close and, at times, less filtered than usual. There were a…

Why ‘Made in China’ Is Becoming ‘Made in Mexico’

Chin@Strategy

Peter S. Goodman contributed reporting. The Daily is made by Lisa Tobin, Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, Luke Vander Ploeg, M.J. Davis Lin, Dan Powell, Dave Shaw, Sydney Harper, Robert Jimison, Mike Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle Bonja, Diana Nguyen, Marion Lozano, Corey Schreppel, Anita Badejo, Rob Szypko, Elisheba Ittoop, Chelsea Daniel, Mooj Zadie, Patricia Willens, Rowan Niemisto, Jody Becker, Rikki Novetsky, John Ketchum, Nina…

In Phoenix, a Taiwanese Chip Giant Builds a Hedge Against China

Chin@Strategy

The company originally set the technology level at the Phoenix site at five nanometers. That was an advance over most chips in 2020, but behind the level that TSMC would produce in Taiwan in 2024, when the U.S. factory is set to open. The new plan would upgrade the factory to also use four-nanometer technology, which Apple was first to adopt. The second factory, expected to begin operating in 2026, will be able to produce three-nanometer chips, TSMC said. Intel, which hopes to introduce its own new production processes over…

Tech Companies Slowly Shift Production Away From China

Chin@Strategy

In the coming weeks, Apple and Google will unveil their latest generation of smartphones, jockeying to distinguish the new devices from previous models. But one of the most significant changes will go largely unnoticed by consumers: Some of these phones will not be made in China. A very small portion of Apple’s latest iPhones will be made in India, and part of Google’s newest Pixel phone production will be done in Vietnam, people familiar with their plans said. The shift is a response to growing concerns about the geopolitical tensions…

Companies Stay In China Despite Political Risks and Travel Limits

Chin@Strategy

BEIJING — American companies are increasingly worried about coronavirus restrictions, regulatory issues and trade tensions with China, but have been cautious so far about moving production elsewhere, new figures show. American companies in China are as worried now about relations between the United States and China as they were when President Donald J. Trump’s trade war peaked in 2019, according to an annual survey released on Tuesday by the American Chamber of Commerce in China. A brief “Biden bump” in sentiment, when relations seemed as if they might improve after…

Supply Chain Woes Prompt a New Push to Revive U.S. Factories

Chin@Strategy

Called near-shoring, the move to Mexico is paralleled in Europe with factories opening in Eastern Europe to serve Western European markets like France and Germany. “We’re starting to see it in Mexico as well as in the U.S.,” said Theresa Wagler, chief financial officer of Steel Dynamics, a steel maker based in Fort Wayne, Ind. “Many companies now prefer security of supply over cost.” Mr. Knizek of EY-Parthenon expects industries with complex and more expensive products to lead the resurgence, including automobiles, semiconductors, defense, aviation and pharmaceuticals. Anything that requires…