The company is acting after turmoil at its biggest iPhone manufacturing site, a Foxconn facility in Zhengzhou, China.

Manufacturing had just started to recover from pandemic-related lockdowns and supply-chain disruptions, making the global slowdown a rising concern.

A strategic shift in America’s industrial policy will eventually mean a faster, more responsive supply chain capable of delivering a larger chip supply.

For supply chain professionals, the last few years have brought uncertainty and opportunity. The steady transition of consumer buying behaviors toward eCommerce suddenly accelerated with the pandemic, putting global supply chains to the test. 

Demonstrations erupted in cities like Beijing and Shanghai over the weekend as residents vented anger against the virus controls. 

The move represents Washington’s latest crackdown on the Chinese tech giants amid fears that Beijing could use them to spy on Americans.

HP's layoffs make it the latest in a string of tech giants cutting staff in response to an increasingly sour economy, marked by high inflation that's dented demand for goods and slowed ad spending.

The European country dominates one-of-a-kind, cutting-edge chipmaking equipment that has become a focus of the U.S. government’s attempts to limit China.

The factory will also manufacture solar cells, the building blocks for solar panels and a component not currently produced in the U.S.