Major Apple suppliers look to diversify

Foxconn and Pegatron reportedly set to move some production out of mainland

Major Apple Inc suppliers Foxconn Technology Group and Pegatron Corp are reportedly accelerating efforts to build new production plants in Southeast Asia and India, as they look to diversify their supply chain away from the Chinese mainland and to save costs.

Foxconn, the world's biggest electronics contract manufacturer and a key Apple supplier, said in recent regulatory filings that it has invested $213.5 million in an Indian subsidiary and acquired land use rights in Vietnam, the Financial Times reported on Sunday.