Apple supplier Wistron aims to have 50% of production outside China by 2021
Apple supplier Wistron aims to have 50% of production outside China by 2021
Following the Covid-19 outbreak in China which crippled the global supply chain and production lines, Apple supplier Wistron plans to build more production facilities outside of China by 2021.
DigiTimes reports that Wistron Chairman Simon Lin aims to grow revenues generated from its factories outside of China to about 50% of the total revenues in 2021. For this year, it expects to have 20 to 25% of its revenues from non-China facilities. Wistron has plans to invest US$46.8 million in a Texas plant and spend US$76 million to acquire equipment for a plant in India.
The coronavirus outbreak has highlighted the importance of spreading production facilities across different regions to minimise risks and disruptions. Wistron shared that its plant in Malaysia will focus on manufacturing IoT products while the plant in India will be used to make IoT, smart handheld and medical care devices. Factories in Mexico and Europe will be responsible for building servers and storage.