Wednesday November 20, 2019
Home Lead Story US Tech Giant...

US Tech Giants Plan to Move Production out of China: Report

Trump and Chinese President Xi Jinping agreed at the recent G20 meeting in Osaka to allow US companies to sell products to Chinese tech giant Huawei

0
//
microsoft, xbox
FILE - A sign for Microsoft is seen on a building in Cambridge, Massachusetts, March 18, 2017. VOA

In yet another fall-out of the ongoing US-China trade war, tech giants like HP Inc, Dell, Microsoft and Amazon are considering to move “substantial production capacity out of China”, threatening the country’s position as the world’s technology powerhouse.

According to a report in Nikkei Asian Review on Thursday, HP and Dell who make notebooks in the Chinese cities of Chongqing and Kunshan are both looking to move up to 30 per cent of their laptop production out of the country.

Microsoft may move some Xbox gaming console production while Amazon could shift production of its Kindles and Echo speakers.

“Other PC makers like Lenovo Group, Acer and Asustek are also exploring production outside of China,” said the report.

The new US tariffs would hike local taxes on laptops, smartphones and game consoles, adding significant costs for the companies that would eventually be passed on to the consumers.

“Multiple sources said the situation was still too uncertain, while rising costs in China were also prompting manufacturers to examine alternatives,” the report added.

Apple is already mulling the option to move up to 30 per cent of its smartphone production from China.

Amazon, New york
A delivery person pushes a cart full of Amazon boxes in New York City, U.S., Feb. 14, 2019. VOA

China currently is the world’s biggest producer of PCs as well as smartphones.

Foxconn Technology and Inventec have already moved some production out of China to other countries like Taiwan and Mexico, said the Nikkei report.

Amazon and Nintendo are reportedly exploring Vietnam as an alternative, while Microsoft is eyeing Thailand as well as Indonesia.

Although US President Donald Trump says that talks with China to end the ongoing trade war have “already begun,” the road ahead is full of thorns.

Also Read: Facebook, WhatsApp Now Back in Action After Global Outage

Trump and Chinese President Xi Jinping agreed at the recent G20 meeting in Osaka to allow US companies to sell products to Chinese tech giant Huawei.

In the run-up to his meeting with Xi, the US President had threatened to impose tariffs of between 10-25 per cent on some $325 billion worth of Chinese imports, sabre-rattling that had alarmed the international markets and many companies, who feared rising prices for some of the products US consumers buy most often.

The agreement with Xi implies that those tariff hikes are off the table for now, but the US is keeping its tariffs on $250 billion worth of Chinese goods in place and Beijing is maintaining its retaliatory tariffs on $110 billion worth of US imports, Efe news reported. (IANS)

Next Story

Good News Is When An Actor Works For My Banner At A Lower Price: Karan Johar

Filmmaker Karan Johar, is readying his new multistarrer production "Good Newwz" for a Christmas release

0
Filmmaker Karan Johar
Karan Johar is readying his new production "Good Newwz". Wikimedia Commons

Filmmaker Karan Johar, who is readying his new multistarrer production “Good Newwz” for a Christmas release, says he feels really happy when an actor agrees to work for his banner at a lower price. He adds that Akshay Kumar, the hero of “Good Newwz”, has not given him any good news so far on that front.

“Good news to me is when an actor agrees to do my film at a low price, but that’s a good news Akshay hasn’t given me so far,” Johar said with a laugh, while interacting with the media at the trailer launch of the film along with the lead cast, comprising Akshay, Kareena Kapoor Khan, Kiara Advani and Diljit Dosanjh, besides director Raj Mehta on Monday in Mumbai.

He added: “I feel if I hear some good news, then there is also a bad news around the corner — unless the good news is about something like the birth of a child. I still remember when I got the information of my two babies, I felt really happy. I feel, after hearing every good news you hear some bad news, and I guess there is some kind of ‘kabhi khushi kabhie gham’ situation that takes place in our lives. So, I don’t hold on to that news with a lot of joy ever. Rather, I am a bit of a cynic that way.”

“Good Newwz” is the third collaboration between Johar and Akshay after “Kesari” and “Brothers”. Next year, Akshay will be seen in “Sooryavanshi”, which is co-produced by Karan Johar’s Dharma Productions.

The film marks the directorial debut of Raj Mehta.

Karan Johar
Karan Johar says that Dharma Productions has always maintained the ethos of treating every artist equally. Wikimedia Commons

Johar admitted the weird spelling of the film’s title was an outcome of his team’s inherent superstitious streak.

“There is a certain inherent superstition in the creative world, so earlier in my career I was obsessed with the alphabet K. I released films starting with alphabet K, which also starred Kareena, but then a few of them didn’t work. I felt it (the urge to name films with K) had stayed with me for no reason, so I gave up on that superstition. After that, I encountered Raj Mehta who is paranoid about everything. He, along with Azeem Dayani — who is the curator of this film’s music — were paranoid and told me that we should name this film ‘A Good News’. I told them ‘A Good News’ is incorrect English. So, they said we would have to change the spelling. We decided to name the film ‘Good Newwz’. Personally, it’s rather ridiculous, but actually everybody has learnt to accept it and envelope it, so I would give credit for the film’s name to Raj and his team,” said Johar.

Asked how he makes sure that equal rights are given to men and women in his production company, which is headed by him, he said: “We at Dharma Productions have always maintained the ethos of making sure that everyone including men, women, artists, and technicians get paid solidly for their craft, art, ability, work and worth. All of us are here from the blend of commerce and art. It is something I endorse strongly. When it comes to female-led films, we always make sure that there never is a disparity from our end.”

Also Read- Every Child Should Have Access To Formal Education: Boman Irani

He continued: “We have given profit share to female actors. In near future, you will see producer’s credit given in a female-led film. Where they (actresses) dominate and lead the film, they must have a humongous part of the pie. You will hear announcements in the future where women-lead films produced by Dharma Productions will have strong producer’s credit and profit shares (for heroines). There is and there will not be any disparity in my company.”

“Good Newwz” is scheduled to release on December 27. (IANS)