> Hence pushes into Vietnam & India for manufacturing.
Doesn't help Taiwanese companies long term.
They had an advantage in Mainland China being Chinese speaking. Already in India, Tata is becoming the Indian version of Foxconn for most manufacturers and VinGroup or Korean Chaebols like Lotte (SK has a FTA with Vietnam) the Vietnamese version of Foxconn in Vietnam.
While South Korean and Japanese companies were actively de-risking in China by returning to ASEAN+India in the early-mid 2010s, Taiwanese companies only began doing this in the late 2010s after the 2015-16 recession.
Doesn't help Taiwanese companies long term.
They had an advantage in Mainland China being Chinese speaking. Already in India, Tata is becoming the Indian version of Foxconn for most manufacturers and VinGroup or Korean Chaebols like Lotte (SK has a FTA with Vietnam) the Vietnamese version of Foxconn in Vietnam.
While South Korean and Japanese companies were actively de-risking in China by returning to ASEAN+India in the early-mid 2010s, Taiwanese companies only began doing this in the late 2010s after the 2015-16 recession.