Amid Tariffs, Universal Electronics Moving Some Operations
Universal Electronics Inc. is streamlining operations, the company said Feb. 6. In response to higher tariffs for its China-made products, the company is moving production to its UEM facility in Monterrey, Mexico, and to a newly assigned contract manufacturing partner…
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in the Philippines. Dougherty & Co. analyst Steven Frankel said the moves “are designed to deliver on management's promise to hold expenses at 2018 levels through 2020.”