India and Vietnam, which are already sites of Apple production, are among the countries shortlisted by the company as alternatives, a report said. Apple had last month forecast bigger supply problems as Covid lockdowns slowed production and demand in China. The report said that Apple is citing China's strict anti-Covid policy and other reasons for its decision. Meanwhile, Apple supplier AAC Technologies will be removed from the Hang Seng Index from June 13, according to the index's latest quarterly review. "We intend to exclude Huawei and ZTE from our 5G networks," Industry Minister Francois-Philippe Champagne told reporters in Ottawa.

Source: The Standard May 23, 2022 01:16 UTC