worth $1 billion! Equipment giant's manufacturing business pulls out of China in a big way
Hawk_Finance
2024-02-02 17:56:00
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According to media reports, Tereda, a well-known U.S. semiconductor giant, withdrew about $1 billion worth of manufacturing operations from China last year, and it was a difficult decision for them.。In response, Terida responded that because the proportion of U.S. sources of imported parts assembly is higher than the proportion of U.S. sources of direct imports of complete machines, we moved our assembly plant from Suzhou to Malaysia for supply chain security reasons.。As a result, the percentage of our equipment from U.S. sources remains below 3%, ensuring that sales to most customers。Moving production to Southeast Asia is also a common practice for many companies today.
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