Market Chatter: Vtech Nixes Plan to Shift Production Outside China

MT Newswires Live

07/16

Vtech (HKG:0303) is cancelling plans to move production of some US-bound products outside of China to counter tariff costs, Hong Kong's The Standard reported Tuesday.

The electronics producer had planned to move some production lines to Malaysia, Mexico, and Germany, but has now opted against the plan due to higher production efficiency and existing capacity in China, the report said, citing Vtech chairman Allan Wong Chi-yun.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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