RESEARCH TRIANGLE PARK – Even after  President Donald Trump and Chinese President Xi Jinping declared a truce in the growing trade war between the two economic giants, several US-based tech leaders are considering the movement of a “substantial” amount of production capacity outside of China.

That’s according to a report from Nikkei Asia Review.

Although cited as one of the companies thinking about a change, Lenovo denied it.

In May, when reports surfaced that Lenovo might move some production from  China in the dispute over tariffs, critics in that country where it houses most operations were angered. Lenovo was launched in China and maintains a headquarters in Beijing as well as in Morrisville.

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“HP and Dell, the world’s No. 1 and No. 3 personal computer makers who together command around 40% of the global market, are planning to reallocate up to 30% of their notebook production out of China,” Nikkei Asian Review reported, citing several sources.

“Microsoft, Google, Amazon, Sony and Nintendo are also looking at moving some of their game console and smart speaker manufacturing out of the country,” the news outled added.

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“Other leading PC makers such as Lenovo Group, Acer and Asustek Computer are also evaluating plans to shift, according to people familiar with the matter.”

However, in a comment to ChannelNews, which focuses on the PC industry, Lenovo said the report was inaccurate.

An HP spokesperson told ChannelNews that “HP shares industry concerns that broad-based tariffs harm consumers by increasing the cost of electronics,” and added: “We are actively monitoring the situation and will continue to work with government officials to advocate for the best interests of customers, partners and consumers.”

Dell, through a spokesperson, added that it continuously is “alternative sourcing, production, and logistics strategies to best serve our customers.”