Apple Anticipating ReShoring to US

In a Thursday conference call, Cook said Apple was likely to move more production capacity back to the US considering the ongoing challenges. “Our supply chain is truly global … we do a lot in the US and we’ll probably be doing even more here as more chips are produced here,” he said. According to calculations by the South China Morning Post, more than half of Apple’s 192 suppliers with an internal manufacturing site for the company, including Foxconn, Pegatron, Quanta, Wistron and Compal, have production facilities in lockdown-hit Shanghai and Jiangsu.