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Apple Suppliers Move/Expand Out of China

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Taipei– The two largest contract manufacturers of Apple’s iPhone are expanding production capacity outside China, as the global trade war and a slowing Chinese economy weigh on the sector’s earnings.

Foxconn, the Taiwanese group that assembles iPhones and makes everything from smartphones to industrial robots for a range of multinational and Chinese brands, said in filings to the Taiwan Stock Exchange on Saturday it had invested up to $US213.5 million into a subsidiary in India since September and acquired land-use rights in Vietnam…

 

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