Foxconn's development history
In 1999, an important order changed the fortunes of Foxconn. This is an order from Apple, a well-known American technology company, asking Foxconn to produce iMac computers for it. This marks Foxconn's official entry into Apple's first-chain system and becoming its important foundry.
In the beginning, Foxconn was a small workshop with fewer than 2,000 employees and an annual turnover of about $500 million. But since it began to produce for Apple, Foxconn has ushered in a period of opportunity for rapid development. By 2005, Foxconn had more than 200,000 employees, making it one of the world's largest electronics OEMs.
In 2010, Apple released the much-anticipated smartphone, the iPhone 4. This product caused a sensation all over the world, popularizing smartphones and ushering in a new growth peak for Foxconn. As the main OEM of the iPhone 4, Foxconn has received a considerable number of orders. It has further expanded its position in the Apple ** chain and has become one of Apple's most important strategic partners.
Foxconn saw the dividends of the mainland and built a large-scale production base in the mainland. With the mainland's preferential policies, sufficient labor resources and a complete first-chain system, Foxconn has established dozens of large-scale factories in the mainland, which can realize the mass production of smart terminals such as iPhones. It benefited from the development opportunities brought about by the mainland's reform and opening up, and eventually became one of the world's top electronic foundry enterprises.
Foxconn's capacity relocation event
In recent years, with the escalation of Sino-US friction, Foxconn is facing tremendous pressure from the United States. To avoid high tariffs, Foxconn decided to move some of its production capacity out of Chinese mainland and to emerging countries such as India.
According to reports, Foxconn has begun to empty the mainland's production capacity of about 300 billion yuan, and is preparing to relocate to India and other places to rebuild production lines. The move heralded Foxconn's possible exit from China, leaving the mainland with the loss of the world's top OEM. At the same time, emerging countries such as India will have development opportunities as a result.
However, Foxconn's relocation has been highly vigilant by China. Recently, the relevant authorities issued a fine of 20,000 yuan to Foxconn on the grounds that it was suspected of making false tax returns. The industry believes that this is just a "solemn warning" to Foxconn, and the real punishment may be more severe.
In addition, there are reports that Foxconn is not only suspected of tax evasion, but also has irregularities in land use. China** has launched an investigation into Foxconn's tax and land use issues. Although the current amount of fines is small, it is only the tip of the iceberg, and the subsequent penalties may be further increased.
Despite Foxconn's global reputation and strength, it must abide by the law and fulfill its social responsibilities in China. China's punishment of Foxconn this time is not only a punishment for its illegal behavior, but also a warning to other foreign-funded enterprises that they must compete fairly in accordance with the rules.
Foxconn's social responsibility
Fu *** once again triggered people's thinking about corporate social responsibility. As a world-renowned company, Foxconn has the responsibility to comply with local laws and regulations and assume its due social responsibility.
First of all, enterprises should have a correct understanding of their social responsibility. While pursuing economic benefits, we should also pay attention to the rights and interests of employees, environmental protection, public welfare, etc., not only for immediate interests, but also to achieve sustainable development of enterprises. Foxconn should not only consider the interests of the group, but also take into account issues such as the employment of employees in mainland China.
Secondly, the first department should also strengthen supervision and establish a sound corporate reward and punishment mechanism. Increase the punishment of illegal acts of enterprises, and at the same time actively guide enterprises to fulfill their obligations. China should continue to optimize the business environment and form a synergy with enterprises to jointly promote economic and social development.
In addition, enterprises should adhere to integrity management, legal compliance, and fulfill their responsibilities as corporate citizens through practical actions. Foxconn should regard quality as life, employees as family, sustainable and healthy development in China, and give back to the local society.
Finally, enterprises and departments should find the best position to balance interests and fair competition. Only by handling the interests of all parties and allowing enterprises to succeed in abiding by laws and regulations can the society be harmonious and sustainable. It is hoped that Foxconn can continue to develop and grow in Chinese mainland, form energy, and show the social image that an excellent listed company should have. List of high-quality authors