Closing a Multi-Billion Dollar Shanghai Plant! The Second “Foxconn” to Exit China Appears

As the United States intensifies its crackdown on China, 32 Apple contract manufacturers in China have been successively expelled from the supply chain. Recently, Changshuo Technology Co., Ltd., Apple’s largest contract manufacturer in Shanghai, has decided to close its Shanghai factory and relocate some of its production capacity overseas. Reports indicate that Changshuo, being the largest contract manufacturer in Shanghai, has experienced a significant decline in orders since 2023.
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