By Bhanvi Satija and Kashish Tandon
HYDERABAD Feb 25 (Reuters) - Medical device maker
Medtronic ( MDT ) is looking at options to modify its global
manufacturing footprint as part of efforts to mitigate any
impact of U.S. President Donald Trump's tariff plans, a company
executive told Reuters on Tuesday.
The company, whose products range from insulin pumps to
surgical robots, has been closely monitoring Trump's tariff
plans due to its presence in Mexico. The country houses the
device maker's third largest manufacturing facility, according
to its latest annual report.
"We continue to look at ways to optimize our manufacturing
footprint," Medtronic's ( MDT ) Chief Technology Officer Ken Washington
said on the sidelines of the BioAsia conference in the southern
Indian state of Telangana.
Trump imposed 25% duties on imports from Mexico and Canada
that were to go into effect in early February, but then paused
them until March 4, pending negotiations with those two nations.
Medtronic's ( MDT ) Washington did not comment on whether India was
part of the strategy to refine the manufacturing operations. The
company had in 2021 launched its largest research and
developmental center outside of the U.S. in Telangana.
Washington said the company would stay focused on its core
work in a reply to Trump's threats to impose a "25% or higher"
levies on semiconductors and pharmaceutical imports.
"A company like Medtronic ( MDT ) can't survive for 75 years if you
don't learn the skill of navigating the ups and downs, and ebbs
and flows of different political platforms."
Washington said he was focused on the adoption of artificial
intelligence. He expects digital and AI roles to grow and
digital spending to increase, without providing specific
details.
"We have set expectations that everyone should embrace AI as
a way of doing business."