US and China are pressuring electronics manufacturers to pick sides - Business Insider

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Taiwanese electronics manufacturer Foxconn announced it has shifted production away from China, and will continue doing so

in markets throughout "more than 30 countries across the globe" that it chose not to specify, though it said the initiative was based on discussions with representatives from the EU and North Atlantic Treaty Organization .

more aggressively pursuing a "domestic circulation" strategy, which will look to fuel growth by propping up domestic alternatives to foreign companies. In this case, "foreign companies" would likely include companies like Foxconn, which are headquartered outside of China, even though they manufacture the bulk of their products there.

 

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