As US-China tensions heat up, Taiwan’s firms pivot to India

Taiwanese firms seeking to reduce their reliance on mainland China amid the fallout from the coronavirus and the US-China trade war are pivoting to India, drawn by its giant market, inexpensive skilled workforce and generous tax breaks. The Taiwanese company Pegatron, an assembly partner for the US tech giant Apple, raised eyebrows this month with the news that it was applying for permits to set up its first plant in India. The firm, which reported revenue of US$44.8 billion in 2019, normally…