Apple adds 4 companies in Vietnam to supplier list
Apple has added four new suppliers in Vietnam for the 2021 financial year, bringing the total to 25 out of its 190 suppliers worldwide.
The most popular Apple suppliers in Vietnam include Foxconn and Luxshare and subsidiaries of Samsung, Intel and LG.
The only supplier it excluded from the list was Foster Electric with factories in Binh Duong and Da Nang.
China remains the most significant manufacturing hub for Apple, accounting for half of all manufacturers.
The biggest company in the world by market cap is said to be increasing its manufacturing activity in Vietnam, and is set to produce Apple Watch and Macbook in the country.
Vietnam will make 65% of Apple wireless AirPods by 2025 as the U.S. tech giant continues to shift its production away from China, JP Morgan analysts have forecast.