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Asia300

Apple contractor Pegatron shifts from Chinese labor to automation

Taiwanese manufacturer keen on India but keeps mum on US

TAIPEI -- iPhone assembler Pegatron, a smaller rival to Hon Hai Precision Industry, will more than double its capital spending on making products for other companies this year to boost automated production and save on labor costs in China.

"We will increase our capex for contract manufacturing from $200 million to the range of $400 million to $450 million this year," Pegatron Chief Financial Officer Charles Lin said during an earnings conference on Tuesday.

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