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Foxconn ready to move production out of China if necessary

Kathrin Hille in Taipei

Foxconn has told companies worried about the trade war between Beijing and Washington that it can move electronics production for the US market out of China at short notice, adding that production will begin at its new Wisconsin plant by the end of next year. The company said 25 per cent of its total capacity is now outside of China, and Liu Young-way, a member of the company’s newly formed top management committee, said it could help Apple, for example, move iPhone production out of China if necessary.