0:00
Foxcon has asked hundreds of Chinese
0:02
engineers and technicians to return home
0:05
from its iPhone factories in India. The
0:08
move is a major blow to Apple's
0:09
manufacturing push in the South Asian
0:11
country and may slow down the training
0:14
of local workforce. You can see those
0:17
shares are up. But I still want to dig
0:20
deeper into this news because I think it
0:23
makes a lot of difference to Apple
0:25
strategy to where Tim Cook wants to make
0:27
these things. We've got Mandep uh Singh,
0:29
the head of uh technology analysis for
0:31
Bloomberg Intelligence here on set.
0:33
Mandep, I saw this story and I thought
0:36
that that's got to be a wrench in Tim
0:38
Cook's plans, right? Cuz he was
0:40
initially moving production from China
0:42
to India and now what? The Chinese are
0:45
making their workers come home. And
0:47
India, I mean, uh to be fair, you know,
0:50
is already a 20% maker of iPhone units.
0:54
So, the units are being assembled there.
0:57
But at the same time, President Trump
0:59
has clearly expressed his unhappiness
1:01
about assembling a lot of those phones
1:05
uh that they ship to the US in India.
1:07
And uh look, from that perspective, I do
1:10
think, you know, uh they have a much
1:13
bigger challenge on hand in terms of
1:15
where they expand outside of these two
1:18
locations because they're not going to
1:20
be able to bring that to the US anytime
1:22
soon. So uh I mean we were talking about
1:25
how they have to partner with the LLM
1:27
providers to fix the AI side. That is
1:30
still fixable quickly. The supply chain
1:33
side is the harder one and there is no
1:35
quick uh fix and Foxcon retenting is
1:38
probably a sign that you know the they
1:41
may have to pay a tariff on all a lot of
1:43
those iPhones that are assembled in
