TAIPEI -- Nokia, the world's second-largest telecom equipment maker after Huawei Technologies, is stepping up efforts to reduce its supply chain exposure to China amid mounting geopolitical risks, going so far as to slash orders even from non-Chinese companies listed in the country.
Over recent months, the Finland-headquartered company has reduced orders with longtime supplier Foxconn Industrial Internet, a Foxconn subsidiary that is not itself Chinese but is listed on the Shanghai Stock Exchange, in response to Washington's campaign for a "clean network" that is free from Chinese suppliers and capital, four people with direct knowledge of the matter told Nikkei Asia.
