image credit: Mohamed Hassan / pxhere

As Trade War Escalates, Tech Companies Flee Mainland China

August 13, 2019

Via: Fortune

HP Inc.-laptop maker Inventec Corp. said it will to shift production of notebooks for the U.S. market out of China within months, adding to the tech industry’s exodus as the world’s two largest economies escalate their trade war.

Inventec will move its entire American-bound laptop operation to its home base of Taiwan, President Maurice Wu said, the biggest migration since Donald Trump declared tariffs on $300 billion of imports will kick in next month. It wants to complete that wholesale transition within two to three months, he told investors on a post-earnings call Tuesday. Wu’s company assembles Apple Inc.’s AirPods and produces notebook computers for HP, which accounts for an estimated third of its revenue.

Read More on Fortune