Tech giants planning to move production out of China

  

The report, citing sources, said that personal computer makers HP and Dell Technologies are planning to reallocate up to 30% of their notebook production out of China.

Microsoft, Alphabet, Amazon, Sony and Nintendo are also said to be looking at moving some of their game console and smart speaker manufacturing out of the country.

While the U.S. and Chinese administrations struck a truce at last weekend’s Group of 20 summit in Japan, in a bid to restart stalled trade talks, the companies listed are said to be unlikely to alter their plans of moving at least some of their production out of China as they are faced with higher operating costs.

Last month, Apple is said to have asked major suppliers to assess the cost implications of moving up to a third of their production capacity from China to Southeast Asia as the company prepares to restructure its supply chain.