Kyocera chief’s China swipe is half-convincing

Kyocera

22/02/2023 03:10

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are his own.)
    By Pete Sweeney
       HONG KONG, Feb 22 (Reuters Breakingviews) - Hideo
Tanimoto, who leads the $19 bln Japanese chip supplier, said the
country is not a “viable” export manufacturing base. That’s
hyperbole, but a winnowing of foreign firms in China is likely.
Politics is a factor, but financial and competitive realities
are more important. 
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    CONTEXT NEWS
    Hideo Tanimoto, president of Japanese conglomerate Kyocera,
said that “the business model of producing in China and
exporting abroad is no longer viable” in an interview with the
Financial Times published Feb. 21. The company, which makes key
components for chips, is constructing its first factory in Japan
in nearly two decades.
 (Editing by Robyn Mak and Katrina Hamlin)
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