Pro: Donald Trump Is Right, Apple Could Easily Manufacture Its Products In The USA

Loading...
Loading...
Donald Trump said earlier this year that
Apple Inc.AAPL
should build its devices in the USA. Related Link:
Donald Trump Says He'd Make Apple Build In U.S.
Experts and pundits laughed at his idea, but at least one expert is on board with Trump's idea. Vivek Wadhwa's resume includes being named as a Top 100 Global Thinker by Foreign Policy magazine and among Time magazine's list of the top 40 Most Influential Minds in Tech. Speaking as a guest on
CNBC's "Squawk On The Street" segment, Wadhwa said that Trump's idea of bringing Apple's manufacturing production to the US is very "feasible" despite the complexity of its supply chain. Wadhwa pointed out that while Apple's main contract manufacturing firm employs more than 1 million workers in China, it is looking to replace all of its workers with robots and machines. "Imagine if you had the robots in America... our robots are as productive as Chinese robots," he said. "They have no advantage over us." Wadhwa added that Apple will need to build factories in America and despite the heavy use of robots on an assembly line, there will still be plenty of human employees needed to oversee production. He suggested that Apple could bring in 200,000 "high paying" jobs by no longer making use of Foxconn's facilities. Meanwhile, China continues "robbing" Apple and other technology companies by demanding they hand over source codes and other proprietary information and data. Wadhwa also pointed out that despite Apple building a significant presence in China and hiring workers, several of its media products were still "shut out" of the country. "China is also trying to rob [Apple] blind and to have its own companies replicate what it is doing ," he concluded. "Xiaomi is the largest smartphone manufacturer in China using technology stolen from Apple." Bottom line, Wadhwa suggested that in a 3 to 4 year timespan Apple "might do well in China." On the other hand, if the status quo stays the same, over a 5 to 10 year timespan, it is "highly likely" that China "kicks Apple out as soon as they have stolen everything they need from it."
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: CNBCMediaApple ManufacturingChinaCNBCDonald TrumpDonald Trump AppleSquawk on the StreetVivek Wadhwa
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...