Thursday, February 2, 2023
Slider
Home South Asia Google Is Reportedly Moving Its US Bound Nest Production Out Of China:...

Google Is Reportedly Moving Its US Bound Nest Production Out Of China: Bloomberg

Google is moving its production of US-bound Nest devices and server hardware out of China in order to avoid tariffs as high as 25 percent, reports Bloomberg.

Production of motherboards heading to Google’s US data centers have moved to Taiwan, while Nest devices heading Stateside are now being produced in Taiwan and Malaysia. The moves are a response to increasing tensions created by the US-China trade war.

The shift in geographies is meant to shore up Google’s bottom line. Tariffs have to either be absorbed directly by the companies or passed along to consumers in the form of higher prices. As such, many companies that sell to the USA are now considering moving at least some of their manufacturing out of China, disrupting a complex global supply chain network as old as iPod cities.

Now not only Google but many other companies are also moving their US bound production from china. Recently, GoPro is moving its US-bound production to Mexico. Yesterday, Foxconn said it was prepared to move the production of US-bound iPhones outside of China before new tariffs as high as 25 percent kick in at the end of the month.

1 COMMENT

Comments are closed.

Most Popular

Introduction of Walk-in services at BLS centres in Canada

In order to facilitate better delivery of visa and consular services, it has been decided to start walk-in services at all BLS centres in...

Union Budget 2023 big picture: Capex push, tax reform

Union Budget 2023 Explained Finance Minister Nirmala Sitharaman has stuck to the growth strategy that she first unveiled in 2019 stay on the path of financialPrudence and incentivise the private sector to invest more in the frugality productive capacity, writes Udit Misra. Indeed though it's the last full-fledgedUnion...

‘Shark Tank India’: Vinay hopes for funds for his regional contents’ OTT platform

Entrepreneur and Shark Tank India's competitor Vinay Kumar Singhal, later appeared on the business-grounded reality show to pitch a business idea of the OTT...

Kevin McCarthy fails to get elected as House Speaker amid divisions in GOP

The new Republican-majority (222) US House of Representatives is without a new Speaker due to strong divisions within the party as favourite Kevin McCarthy...

Recent Comments