In recent years, Foxconn's decline in the Chinese market cannot be ignored. On the one hand, the rise of local Chinese companies such as Huawei and Xiaomi in the field of smartphones and other electronic products has directly stolen Foxconn's business. On the other hand, the cost of labor in China has increased Foxconn's operating costs significantly, and the competitive advantage originally based on cheap labor is disappearing. In addition, the ** dispute between China and the United States has also caused a lot of impact on Foxconn. In the midst of these predicaments, Foxconn's fortunes are changing.
However, just when Foxconn was facing difficulties, its head Terry Gou announced his candidacy for the leadership of the Taiwan region, which was undoubtedly a high-risk political adventure. First of all, Gou's political stance is clearly biased towards Taiwan, which may stir up political sentiment among mainland people and boycott Foxconn's products. Second, it takes a lot of time and energy to run for leadership, and this move is bound to make Gou ignore the actual operation of Foxconn. Foxconn is at a critical juncture in its industrial transformation, and Gou's political distraction is undoubtedly worse. Most importantly, whether or not Gou's political line ultimately succeeds, it will alter the complex balance of power between the two sides of the strait, which is a huge uncertainty for Foxconn, which is highly dependent on exports. It can be said that Gou's political adventure is very likely to be the last straw that overwhelms Foxconn, and is rewriting the trajectory of these two destinies.
Despite the huge difficulties faced by Foxconn, it still has a silver lining. Through industrial upgrading and market repositioning, Foxconn can usher in new glories. First of all, the demand in the Chinese market is still huge, and Foxconn can get a piece of the pie by adjusting its product mix and developing new customers. Secondly, the development of new technologies such as artificial intelligence, the Internet of Things, and 5G provides Foxconn with an opportunity to open up new horizons through technological innovation. Finally, China's dual-cycle development strategy provides an opportunity for Foxconn to re-integrate into the game, and as long as Foxconn can fully localize, it can seize the dividends of domestic circulation.
However, it will not be easy for Foxconn to seize these opportunities. First of all, the market competition is fierce, and Foxconn must fight to the death with local companies such as Huawei and Xiaomi in order to gain a foothold in the Chinese market. Secondly, technological innovation requires a large amount of R&D investment and talent support, and Foxconn needs to increase innovation and improve technology R&D capabilities. The most important thing is that Foxconn must complete industrial upgrading, achieve independent innovation, and get rid of dependence on the external economic environment. Only in this way can Foxconn be invincible in the huge market opportunities.
Gou's political adventures are inextricably linked to Foxconn's fate. His political stance is clearly biased toward Taiwan, which could lead to a further deterioration of Foxconn's image in the mainland market and leave Mr. Gou unable to devote himself to Foxconn's operations. In addition, regardless of the success of the line, Gou's candidacy will change the balance of power between the two sides of the strait and bring more complicated factors to Foxconn. In this cross-generational change, both Foxconn and Terry Gou are facing major decisions and challenges.
Regarding the fate of Terry Gou and Foxconn, netizens have different opinions. Some believe that Mr. Gou should not get too involved in politics and should concentrate on running Foxconn and leading it to industrial transformation. They believe that Gou should step back into the background and support Foxconn to be taken over by professional managers to reduce uncertainty. However, there are also those who believe that Gou is at the peak of his life and should actively realize his political ambitions and open a new page. They believe that under the leadership of Gou, Foxconn can better connect with the Taiwan and international markets and achieve greater development.
To sum up, Gou's political adventures have brought a lot of difficulties and challenges to Foxconn. However, Foxconn still has the opportunity to meet new opportunities through industrial upgrading and technological innovation. The fates of Terry Gou and Foxconn are intertwined in this trans-generational revolution that will have far-reaching consequences, regardless of the outcome. For Foxconn and Gou, the most important thing is to recognize the situation, respond flexibly, seize the last opportunity, and achieve their own development and breakthrough.