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Apple tells suppliers it wants more production in India and Southeast Asia, outside of China

News Snapshot:

Apple Inc. has told some of its contract manufacturers that it wants to boost production outside China, citing Beijing’s strict anti-COVID policy among other reasons, people involved in the discussions said. India and Vietnam, already sites for a small portion of Apple’s AAPL, +0.17% global production, are among the countries getting a closer look from the company as alternatives to China, the people said.

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