Acer, Asus, Avantech, and Synnex Technology may be facing losses in the country if the situation does not stabilize soon

Taiwan News
Date: 2018/08/14
By: Duncan DeAeth, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – The Turkish lira continues to rapidly depreciate in value against the U.S. dollar after the Trump administration announced it was doubling tariffs on Turkish steel and aluminum last week.

As Turkey faces a serious financial meltdown, there are several Taiwanese businesses with a significant presence in the Turkish market, that are taking measures to mitigate expected losses in response to the new sanctions and tense political environment developing in Turkey.

Liberty Times that four major Taiwanese companies are likely to be on the losing end of investments and ventures in Turkey if the U.S. sanctions are implemented and maintained for any significant amount of time.

Avantech (研華), Synnex Technology (聯強), Acer (宏碁), and Asus (華碩) all reportedly have productions facilities in Turkey, and will certainly be impacted by the trade spat and the crash of the lira.    [FULL  STORY]