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 robots for multinational and Chinese brands, told the Taiwan Stock Exchange on Saturday that it had invested up to $213.5m in a subsidiary in India since September and acquired land use rights in Vietnam.
Pegatron, another group with Taipei headquarters that accounts for about 30 per cent of Apple’s assembly orders, said yesterday it was planning to build production capacity in Indonesia, Vietnam and India.
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