As we all know, Foxconn only grew into the world's largest electronic assembly company after coming to the mainland to invest and build factories. Although it has benefited from a large number of orders from Apple, if it is not for the perfect supporting facilities in the mainland market, I am afraid it will not work.
But the founder Terry Gou doesn't think so, and from time to time he releases arrogant words, the key is to follow Apple to transfer production capacity outward. Even if he is investigated, he doesn't seem to repent, and he continues to increase India, and even the pot has to be served!
Although Foxconn and TSMC are both Taiwanese companies, they are engaged in different fields. TSMC is mainly engaged in wafer manufacturing, which is a high-tech and asset-heavy industry, and the focus is on purchasing more high-precision equipment.
Therefore, the number of employees required for TSMC's factory is not too large, and Taiwan can meet its needs.
Foxconn is different, it is mainly engaged in electronic assembly, this field is labor-intensive, although it also requires a certain amount of precision technology, but it also needs enough labor, and it needs high-quality and cheap.
Taking this aspect into account, Guo Taiming will come to the mainland to invest and build a factory. At that time, the mainland was in the early stage of reform and opening up, and had huge market potential and low-cost production advantages, attracting enterprises from all over the world to come to the mainland to set up business.
Guo Taiming also realized this, made the decision to enter the mainland market, and also seized this rare historical opportunity. This enabled Foxconn to grow rapidly from a small factory producing plastic parts to a large assembly enterprise.
In this respect, Terry Gou's vision is not bad, but after Foxconn grows and grows, Terry Gou seems to be drifting!
The most infuriating thing is that Guo Taiming once publicly stated that Foxconn came to the mainland to build a factory to "give mainlanders a meal"!Mr. Gou seems to have forgotten that when Foxconn entered the mainland, it was just a small business.
If it weren't for our dividends, enjoying the various preferential policies of the mainland, and the spirit and enthusiasm of the mainland factory people, I am afraid that there would be no Foxconn now. Of course, Foxconn's efforts and hard work are not excluded.
But after all, it is the mainland market that has made Foxconn able to get more assembly orders from Apple, Huawei, Xiaomi, etc.
However, Terry Gou always believed that it was mainly due to the Apple order, so he treated Apple as a guest of honor and hugged the thigh of the American company. Even when the United States imposed a chip ban, Foxconn responded positively and quickly stopped OEM for Huawei.
Not only that, in order to continue to get more orders from Apple, Foxconn also actively cooperates with Apple to relocate production capacity, and continues to invest in Southeast Asia to build factories, especially in the Indian market, Foxconn plans to move more iPhone production capacity to India.
According to relevant information, Foxconn plans to relocate $300 billion of mainland production capacity in the next three years.
As a typical U.S. company, when the U.S. continuously imposed sanctions on Chinese companies in the mainland, especially when thousands of Chinese companies such as Huawei and SMIC were added to the entity list, Apple was also difficult to calm down, so it began to continuously promote the transfer of ** chain outbound.
Foxconn, as Apple's largest product assembly foundry, directly acted as a pioneer in Apple's relocation in order to hug Apple's thighs. Even Guo Taiming has threatened that if the mainland is not good for Foxconn, it has the ability to evacuate overnight.
As a result, Foxconn rarely ushered in an investigation by relevant departments in the mainland, which is estimated to be a knock on Foxconn and Apple.
At the critical moment of iPhone 15 sales, Apple CEO Cook is also very interested, and quickly arranged a second visit to China this year, and also visited the mainland assembly plant Luxshare Precision, and publicly stated that it will grow together with the mainland ** chain in the future.
But Foxconn is different, according to the US media Reuters, Foxconn's parent company Hon Hai Group recently decided to add 16 to the Indian factoryThe $700 million investment is aimed at further increasing Foxconn's iPhone production capacity in India.
In this regard, some foreign media directly commented that Foxconn even had to take the pot away, which is probably a counterattack launched by Guo Taiming.
Because Foxconn has continuously increased the Indian market this year, it announced an investment of 9$68 to build a new manufacturing plant in India, and another 3The company plans to build a new plant for $500 million, and now it is investing in a new plant in India.
It can be seen that Foxconn has decided to evacuate one after another. However, the Indian market is not a good place to belong, once known as the cemetery of foreign companies, and Foxconn will receive it in the future, and if you want to return to the mainland market at that time, I am afraid it will be impossible!
Because the mainland assembly plant has risen rapidly, such as BYD, Lixun Precision, etc., Foxconn can't come back if it's gone!