TAIPEI (Taiwan News) -- As the trade war between the U.S. and China looks to continue to ramp up, Taiwanese tech companies are starting to pull out of China and shift production to the northern Taiwanese city of Taoyuan, according to a report by Bloomberg.
Though Taoyuan had suffered from a flight of industries to China over the decades, like the rest of Taiwan, the trend appears to be reversing as Taiwanese companies scramble to try to dodge current and potential future tariffs on tech gadgets made in China. Many Taiwanese companies are choosing Taoyuan because of the proximity of Taiwan's largest international airport, the Taiwan Taoyuan International Airport, and existing facilities at their disposal.
Three major Taiwanese tech suppliers, including iPhone assembler Pegatron Corp (和碩), laptop maker Compal Electronics Inc. (仁寶), and Apple Supplier Inventec (英業達) are all shifting manufacturing to Taoyuan, according to Bloomberg. Meanwhile, Quanta Computer Inc. released a statement earlier this month about the company’s decision to acquire an 11,000-ping property in Taoyuan’s Guishan District, adjacent to its headquarters, at a price of NT$4.28 billion (US$137 million) from a subsidiary of CENPRO Technology (中環科技).
Read the full story at taiwannews.com.tw.
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