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Trade war

Taiwan's big two Apple suppliers to invest in US after Biden win

Foxconn sticks to Wisconsin plant while Pegatron reveals first factory plan

People wearing face masks walk past the logo of Hon Hai, also known as Foxconn, in New Taipei City, Taiwan.   © EPA/Jiji

TAIPEI -- Taiwanese iPhone assemblers Foxconn and Pegatron have both pledged to invest in the U.S. as their American clients press for more local manufacturing.

The announcements, on the heels of Joe Biden's victory in the U.S. presidential election, suggest global tech supply chains will continue to shift even after Donald Trump, who pressed foreign companies to invest and create jobs in America. China is also wanting to become more self-reliant amid tensions with Washington.

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