As the U.S.-China tech battle escalated, many Chinese tech companies began to realize the risks of putting all their eggs in one basket and turned to Southeast Asian markets, especially India. Foxconn and Pegatron, two Taiwanese OEMs, have also jumped on the bandwagon. However, they faced a series of challenges in India that made their relocation plans not smooth. This article will look at the history and dilemmas of Foxconn and Pegatron in India, and what they want to get rid of"Made in China"And the difficulty of the pot is gone.
Foxconn, as Apple's royal foundry, plans to move its 300 billion production capacity to India. However, the Indian market is not as rosy as it could have been. First of all, India's investment environment is not stable, and factors such as policy changes and bureaucracy have had an impact on Foxconn's investment. Secondly, the quality and efficiency of India's workforce is relatively low, which leads to the fact that urgent orders still need to rely on the Chinese market for fulfillment. In order to overcome these difficulties, Foxconn has taken measures such as strengthening its understanding and research of the Indian market, and cooperating with local companies such as Tata. However, Tata's acquisition of Wistron's factory shows India's ambition to enter the OEM sector and grab orders from Foxconn.
Pegatron is a Taiwanese foundry giant with its own foundry park in Shanghai, and has invested as much as 12 billion yuan in China. However, Pegatron was equally affected"Apple dependence"When Apple began to turn to the Indian market, Pegatron also had to look to move production in India. However, they found that the Indian market was not as good as they had hoped. India's unstable investment environment and poor workforce have created a series of challenges for Pegatron. In order to meet these challenges, Pegatron has increased its knowledge and research on the Indian market, and has cooperated with local companies. However, they still face the problem of how to adapt to the consumption habits and market demand of the Indian market.
Foxconn and Pegatron's journey to India is full of challenges and opportunities. They are trying to get rid of their dependence on the Chinese market and take the pot away from China. However, the predicament they encountered in India showed a way out"Made in China"It's not an easy thing to do. The characteristics and differences of the Indian market make it take more time and effort to adapt and adjust. The volatility of the investment environment further increases their risk and uncertainty. However, it also presents them with an opportunity to fend off competition and tap into the Indian market by strengthening their cooperation with local players.
Foxconn and Pegatron's trip to India showed a break away"Made in China"And the pot is facing many difficulties and challenges. India's investment environment, workforce quality, and market demand are all different from China's, which makes it take them more time and effort to adapt and adjust. However, their efforts have also brought opportunities to tap into the Indian market by partnering with local businesses. For these two foundry giants, get rid of"Made in China"It didn't happen overnight, but their attempts also brought them new opportunities for development. In the context of increasing competition in technology, they will continue to strive to adapt to changes and seek new development paths.