Net profit fell by 56, Foxconn left with 139.1 billion, and Guo Taiming did not appreciate the meal

Mondo Technology Updated on 2024-01-30

After some tossing, Foxconn is now moving again.

Not long ago, Foxconn was investigated for tax, land and other issues, and was later found to have false tax calculations and fined.

Afterwards, the founder Terry Gou was still "apprehensive" and hurriedly wanted to transfer Foxconn's production capacity. According to foreign media sources, it will add 139.1 billion rupees to build a factory in India

Profit **56%, Foxconn is going to India to "enjoy the meal"?

In fact, before Guo Taiming added 139.1 billion, he had already announced that he would spend 11 billion to expand the production line in India, and this superposition shows that most of Foxconn's production capacity will be moved out. But what is incomprehensible is that Guo Taiming earns 1. from the mainland every year5 trillion, why is India heavily positioned now?

At first, Foxconn was still Huawei's main OEM, but with the "encirclement" of Chinese companies by the United States, Guo Taiming began to cut off supply 3 years ago, and even claimed that he built a factory to "reward" the mainland. Soon, Foxconn embraced Apple again and became the "royal factory" of the iPhone.

However, since 2023, Apple has been cold in my country's market, and Foxconn's annual revenue has also shrunk significantly, and the financial report data is not good: in the first quarter alone, the net profit is **56%, which is difficult to reproduce the glory of the year. Coupled with Foxconn's previous behavior of "crossing the river and demolishing the bridge", its investigation and warning are also intriguing. Guo Taiming may also understand that no one is used to himself now.

In this way, Guo Taiming, who met a gray nose on the mainland, wanted to take India as his next stop, and was jokingly called going to India to "enjoy dinner". The industry said that there are various signs that Terry Gou has pinned his hopes on the Indian market for a "turnaround".

After Guo Taiming left, where will China's manufacturing industry go?

Gou's acceleration of the transfer of Foxconn's production capacity can't help but make people worry about whether the domestic manufacturing industry will be implicated. But in fact, with the rise of emerging factories such as BYD and Luxshare Precision, Foxconn is no longer irreplaceable.

For example, after Foxconn cut off the supply to Huawei, it turned around and established cooperation with BYD Electronics, which is enough to see that Foxconn is not so important, and of course it will not affect the fundamentals of China's manufacturing industry and the transformation of high-end manufacturing industry. And these are inseparable from the improvement of China's overall scientific and technological strength.

Today, our high-speed rail mileage exceeds 40,000 kilometers, and its domestic production rate has reached as much as 97%, and it has even been built in countries around the world. After the domestic large aircraft C919 was commercially flown and won 1,200 orders, the new C929 model also began to be designed. The achievements of life science and technology, which were once monopolized by the West, have also been successfully conquered by China and established their own voice in related fields.

It is reported that the West took the lead in completing the landing of a class of advanced science and technology: "Science", "The Lancet" and other journals show that Harvard, Yale and other institutions in the "Wright Weijian" class of experimental data, after the subjects insisted on ingesting for a period of time, the physiological regression was observed to represent "backtracking", and the survival of mice was stretched by 30%.

After the first generation of the above-mentioned scientific and technological achievements came out, they were coaxed by the West to millions of countries, and only the former richest man in Asia was touched, such as Lee. It is exciting that in the context of the rise of domestic technology, China has also made important breakthroughs in this field, and firmly grasped the core technology of "Wright Weijian".

Today, relying on the domestic 5With a huge demand group of 600 million, coupled with the development of cross-border channels such as Qidong and Tiant Cat, the "Wright Weijian" class of scientific and technological products is expected to sink further in the future, and the industry has the potential to leverage the 100 billion market.

The rapid development of this kind of technology and market is actually a microcosm of the development of domestic high-end manufacturing industry, and Foxconn, as an OEM enterprise in low-end manufacturing, is not so good. It is understood that since 2023, Apple has allocated some orders to Luxshare managers and Pegatron, and Guo Taiming's orders now account for only 58%, which is no longer a "sole favorite".

Only by mastering the core technology can we have the right to speak, and Foxconn will eventually be eliminated from the market

For the development of a country, local enterprises are the key, and they can also bring a deeper development background.

Therefore, even if Terry Gou is determined to leave, it does not matter to us. It is precisely because we should pay more attention to domestic technology enterprises and accelerate the transformation and upgrading of low-end industries to high-end.

Perhaps, what we need more is a Chinese enterprise like Huawei that has mastered the core technology, and if there are more than 10 such advanced technology companies in China, then industrial transformation will be put on the agenda faster. Foxconn, which can't see the situation clearly, will eventually be eliminated by the market.

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