Last Updated: July 19, 2023, 18:20 IST
HP is the most recent tech big to scale back its dependence on China for manufacturing
The firm is shifting the manufacturing of hundreds of thousands of models to international locations like Thailand, to scale back its dependence on China.
HP is reportedly shifting manufacturing of hundreds of thousands of client and industrial laptops to Thailand and Mexico this 12 months, in a bid to variety its provide chain past China.
According to a report in Nikkei Asia, that is the primary “substantial move” by US-primarily based firm to maneuver its private pc provide chain past China.
“HP is also planning to shift some laptop production to Vietnam, starting next year, one of the suppliers said,” in response to the report.
The firm is following Dell and Apple in diversifying their provide chains past China that went by way of important disruptions within the pandemic.
“HP is planning to shift some commercial notebook computer production to Mexico, while a portion of its consumer laptop production will go to Thailand,” the report claimed, citing sources.
The international PC shipments noticed a 15 per cent decline (12 months-on-12 months) within the second quarter (Q2) of 2023 however rose 8 per cent (quarter-on-quarter).
Lenovo maintained its main place in PC shipments regardless of an 18 per cent (12 months-on-12 months) decline, whereas HP and Apple confirmed stable efficiency with market share progress, in response to Counterpoint Research.
After seven consecutive quarters of 12 months-over-12 months decline, the PC market is exhibiting preliminary indicators of stabilisation, together with sequential progress from the earlier quarter, in response to Gartner.
Gartner expects that PC stock will normalise by the tip of 2023, and PC demand will return to progress beginning in 2024, he added.
HP shipments fell solely barely within the second quarter, ending a string of consecutive double-digit declines. Its laptop computer shipments grew modestly however had been offset by a decline in desktop shipments, mentioned the report.
(This story has not been edited by News18 employees and is revealed from a syndicated information company feed – IANS)
