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Trade war

Apple supplier Foxconn to step up investments in India and Taiwan

Tech manufacturer redoubles diversification amid coronavirus pandemic and trade war

Foxconn is investing more in Taiwan (above) as well as India as it diversifies away from China.   © EPA/Jiji

TAIPEI -- Key Apple supplier Foxconn is to step up its investments in India and Taiwan this year as it redoubles efforts to diversify away from China amid the deepening rift between Beijing and the U.S. over trade and technology.

"In a broader picture, India will be a good place to develop and we are fully working in that direction. We will share more details regarding our next step of investments [in India] in the coming months," Foxconn Chairman Young Liu told shareholders at the company's annual general meeting on Tuesday.

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