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A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of U.S. President Donald Trump's tariffs on Chinese imports. Companies including SK Hynix of South Korea and Mitsubishi Electric, Toshiba Machine Co. and Komatsu of Japan began plotting production moves since July, when the first tariffs hit, and the shifts are now underway, company representatives and others with knowledge of the plans told Reuters. Some governments, notably in Taiwan and Thailand, are actively encouraging companies to move work from China.At SK Hynix, which makes computer memory chips, work is underway to move production of certain chip modules back to South Korea from China.In Taiwan, the government is actively encouraging companies to move production out of China, pledging last month to speed up its existing "Southbound Policy" to reduce economic reliance on China by encouraging companies to move supply chains to Southeast Asia.
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