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Nintendo says to shift part of Switch console production out of China

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Nintendo says to shift part of Switch console production out of China
FILE PHOTO: A man stands in front of Nintendo's logo at the presentation ceremony of its new game console Switch in Tokyo, Japan January 13, 2017. REUTERS/Kim Kyung-Hoon   -   Copyright  Kim Kyung Hoon(Reuters)
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TOKYO (Reuters) – Japan’s Nintendo Co Ltd <7974.T> plans to shift a part of the production of its Switch gaming consoles to Vietnam from China in an effort to diversify manufacturing sites, a spokeswoman said on Tuesday.

Nintendo, which currently outsources almost all of the console production to contract manufacturers in China, plans to make the partial shift to Vietnam this summer.

The spokeswoman said the shift was intended to diversify risks and not to escape potential tariff hikes by the United States on products imported from China.

The United States has held off from launching the fourth tranche of tariffs on $300 billion (£240 billion) worth of goods that would cover nearly everything imported from China to the United States.

(Reporting by Yoshiyasu Shida; Writing by Makiko Yamazaki; Editing by Muralikumar Anantharaman)

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