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Benzinga
Benzinga
World
Aveek Bhowmik

Apple Suppliers Slowly Boosting US Presence To Cut China Reliance

Apple Inc. (NASDAQ: AAPL) suppliers are gradually establishing new production facilities in the U.S., with a focus on California, to move more manufacturing out of China.

What Happened: Apple released a supplier list for the financial year 2021, which shows that 48 of the company’s 180 suppliers had some operations in the U.S. as of September 2021. This number is up from 25 a year ago, says a report in The Wall Street Journal. California had more than 30 sites, up from less than 10 a year ago.

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