Virus outbreak set to trigger new wave of relocation for Taiwanese companies

Taiwanese factories in China among those affected by coronavirus, which appears hard to contain

Taiwan News
Date: 2020/02/03
By: Huang Tzu-ti, Taiwan News, Staff Writer

Foxconn (CNA photo)

TAIPEI (Taiwan News) — The coronavirus outbreak originating in China’s Wuhan has served as another catalyst for Taiwanese businesses to relocate from China after its prolonged trade conflict with the U.S. eases.

The 2019-nCoV outbreak, which has forced about 50 million Chinese into lockdown, is expected to deal a heavier blow to Taiwanese electronics companies based in China than did the 2002-2003 SARS epidemic. At that time, China had a significantly smaller presence in the industry, reported UDN.

The supply chain of electronic products is being disrupted, as factories in some seriously affected areas will not be allowed to reopen until mid-February. Taiwanese businesses bearing the brunt of the delayed opening are expediting the process of moving production out of the world’s second-largest economy to avoid the fallout from the incident.    [FULL  STORY]

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