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Foxconn planning for 'inevitable' split between US-China markets

30% of Apple supplier's capacity now outside of China due to trade tensions

Foxconn has been ramping up its production capacity in a number of countries outside China, including India and Vietnam.   © Reuters

TAIPEI -- Foxconn, the world's largest contract manufacturer and Apple's most important supplier, said nearly one-third of its production capacity is now outside of China, a figure that will likely keep growing due to the "inevitable" decoupling of Chinese and American supply chains.

"The global trend toward a G2 [group of two] is inevitable. How to serve the two big markets is something that we've always been planning for," Foxconn Chairman Young Liu told an investors conference in Taipei on Wednesday, referring to the U.S. and China.

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