The rise of Foxconn is inseparable from Terry Gou's vision and decision-making. Although Foxconn started as a small plastic parts manufacturing factory, Gou has always been bold in his ambition and determination. Recognizing the huge development potential of the mainland's reform and the advantages of manufacturing costs, he decided to expand Foxconn's production capacity to the mainland and seized the historic opportunity. This decision has allowed Foxconn to grow from a small manufacturer to one of the largest assembly companies in the world.
Gou is not satisfied with Foxconn's OEM orders from Apple and other companies, and his ambitions are getting bigger and bigger. Foxconn has not only established factories in Southeast Asia, especially in India, but also plans to move more iPhone production lines to India. Not only that, Foxconn also has the decision to terminate cooperation with Huawei, and Foxconn was able to react quickly in the face of US sanctions against Chinese companies. Gou's decision-making and action capabilities have enabled Foxconn to quickly adapt to market changes and maintain a competitive edge.
Foxconn's success is inseparable from the diligence and enterprising spirit of mainland workers. Terry Gou once said that Foxconn was making wedding dresses for mainlanders, which caused dissatisfaction. Foxconn not only relies on benefits and preferential policies, but also needs the diligence and enterprising efforts of mainland workers. Without their hard work and high efficiency, Foxconn would not have been able to complete a large number of assembly tasks. Although the quality requirements are relatively low, Foxconn strictly controls every process in the assembly field to ensure the quality of products. Not only that, Foxconn also actively improves the welfare of employees and provides workers with a good working environment and development opportunities.
Foxconn is Apple's largest foundry, and they have always treated Apple as a VIP and have maintained a close working relationship with it. Although Foxconn has also received orders from other companies, Apple's orders account for a large part. Foxconn was also the first company to enter the U.S. market to partner with Apple. Whatever the dilemma, Foxconn was able to quickly adjust and respond to maintain close ties with Apple. However, with U.S. sanctions on Chinese companies, Foxconn has had to look for other markets, especially India. Foxconn's expansion in India is not only to meet Apple's needs, but also to retaliate against Gou, and the pressure to the mainland is gradually decreasing.
With the rapid development of domestic assembly plants, Foxconn is under pressure to withdraw from the mainland. The rise of companies such as BYD and Luxshare has forced Foxconn to find a new direction for development. Foxconn's expansion in India is also part of the strategy to withdraw from the mainland. However, India is not a perfect alternative location, and it faces many problems and challenges. Although Foxconn has a large investment and production capacity in India, the market conditions and ** chain in India are still relatively unfavorable. Foxconn's withdrawal from the mainland was in response to external pressures and market changes, but it still faced many difficulties and challenges in the process of transformation.
The rise of Foxconn is inseparable from Terry Gou's decision-making and vision. His audacity and ambition allowed Foxconn to seize the historic opportunity to make large-scale investment and construction in the mainland. The combination of welfare and hard work has allowed Foxconn's production capacity to rise rapidly, making it one of the largest assembly companies in the world. The cooperation with Apple has allowed Foxconn to enjoy more orders and market opportunities, and maintain a competitive advantage in a highly competitive industry. However, with the changes in the international situation and the changes in the market, Foxconn has had to move and expand to other markets. Despite facing many challenges and difficulties, Foxconn still maintains strong strength and decision-making capabilities, constantly adapting to market changes and finding new development directions. However, in the process of transformation, Foxconn also needs to think and plan calmly, face challenges, find appropriate coping strategies, and carry out the rise of Foxconn to the end.