The impact of the Trump administration’s threats to choke Huawei Technologies reverberated across the global supply chain on Monday, hitting some of the biggest component-makers.
Taiwan, home base of many of the world’s top producers of electronics, is helping its companies to seek out new Asian manufacturing hubs outside China as skyrocketing U.S. tariffs threaten to splinter the global tech supply chain.
While Chinese and American officials enter heated trade negotiations this week, companies that have built the technology industry’s global supply chain aren’t waiting to see how the talks turn out.
The U.S. push to challenge China’s dominance in the production and sale of electric vehicles has at least one weak link: Most of the raw materials needed to make the batteries are dug elsewhere.
The tariff cross-fire has been seized as an opportunity by President Tsai Ing-wen, whose government last year started an “Invest Taiwan” campaign to lure companies away from China.
The measure comes as the London Metal Exchange carries out a supply-chain review to address concerns that cobalt stored in its warehouses may be linked to child labor.
Startup Phantom Auto announced an expansion into logistics, providing remote operation capability for forklifts, delivery robots and “yard truck” tractors that move trailers around warehouses.
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