Asian countries and their tech firms are responding to new US tariffs and reciprocal tariffs. Vietnam is actively negotiating for reductions after facing a 46% tariff, promoting itself as a cost-effective alternative to China for manufacturers. Major corporations like Foxconn and Nintendo are reassessing their strategies to mitigate economic impacts. Foxconn remains optimistic about growth while Nintendo has delayed pre-orders for its upcoming Switch 2 console. Additionally, Qualcomm has strengthened its position by acquiring AI assets from Vietnamese conglomerate Vingroup, enhancing its R&D capacity in the AI sector amid the challenging economic landscape.
Vietnam has promoted itself as open to investment, and as a capable and cost-effective alternative to manufacturing in China that can help companies looking for a geographically diversified post-COVID sourcing strategy.
Nintendo planned to open orders on April 9th but late last week suspended that plan to give itself time "to assess the potential impact of tariffs and evolving market conditions."
Qualcomm last week announced it acquired AI assets operated by Vietnamese conglomerate Vingroup, saying combining those assets with its own R&D efforts "will expand [Qualcomm's] ability to drive extraordinary inventions."
Foxconn... warned shareholders that "the impact of evolving economic conditions will need continued close monitoring," but forecasted growth when it reports quarterly results.
Collection
[
|
...
]