Foxconn Terry Gou made a decision, and foreign media said that he was scheming and fell off the altar!
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Summary: Is Foxconn falling? Guo Taiming claps, foreign **: shrewd.
Some time ago, due to Huawei's strength and Apple's market share continued to decline, Foxconn's growth was also hindered; Foxconn used to be Apple's largest foundry, has it ever fallen from the clouds? Foxconn was once the largest company in the world. However, when the world's ** chain is reintegrated and emerging countries emerge, Foxconn will also face a new test. Guo Taiming makes a major decision, foreign **: people become old and fine!
Due to the rapid development of science and technology, as well as fierce market competition, the world's first-class chain system is changing and reorganizing. Some time ago, Terry Gou announced a major decision, which caused great repercussions in the industry.
First, let's take a look at the history of Foxconn. Founded in 1974, Foxconn is a Taiwan-based manufacturing company that started out as an assembly and contract factory. Foxconn is one of the largest electronics companies in the world, which stands out due to its excellent production capacity and close relationships with well-known companies such as Apple. However, some time ago, due to various internal and external reasons, Foxconn's competitive advantage has been shaken.
One of the biggest problems is Apple's ability transfer program. After our Huawei was sanctioned by the United States, in order to reduce our dependence on China, we plan to move some production bases to some emerging countries such as India and Vietnam. This project is sure to be a heavy blow to Foxconn. Foxconn has long been the largest Apple foundry in Chinese mainland, and if the company's large production capacity is largely removed, Foxconn's business will be severely affected.
In the face of this challenge, Foxconn has been following in the footsteps of Apple and has launched fierce competition in emerging markets. Foxconn has invested more than US$30 billion in India to expand production capacity and build new factories. However, the inefficiency and reluctant work attitude of Indian employees made Foxconn's investment in India not achieve the results they expected, and even Foxconn's latest iPhone 15 had some problems in India, such as: dust on the camera, excessive temperature, paint peeling, etc., which not only troubled Cook, but also greatly affected Foxconn's sales and brand image!
As Foxconn's largest customer, Foxconn has begun to hand over some orders to other foundries, such as Luxshare Precision, some years ago, thus reducing its revenue and market share. As for India, Tata, a local Indian company, has also obtained some large orders from Apple through mergers and acquisitions of Wistron, which is undoubtedly a huge impact on Foxconn!
Mr. Gou made a big decision: he invested 500 million yuan to build a new electric vehicle manufacturing company in Zhengzhou, Henan Province, and he also planned to expand a Foxconn factory in Hengyang to meet the demand for iPhone parts. This is tantamount to leaving a broader road for Foxconn, and even foreign ** say that Guo Taiming is really a smart person!
Foxconn has set its sights on new electric vehicles and increased production of iPhone parts in order to take advantage of this new opportunity to improve its competitiveness and increase its global presence. Guo Taiming's eyes are still very vicious, because the domestic new energy vehicle market has begun to develop rapidly, and there are a large number of potential customers. Moreover, the iPhone manufacturing plant in the mainland is also Foxconn's killer feature, and Terry Gou will definitely not give up!
In short, although Foxconn is currently facing many difficulties and difficulties, it is still a world-class manufacturer of production equipment, there is no doubt about it. Mr. Gou has been reinventing its business strategy and innovating so that Foxconn will remain the world's largest electronics manufacturing leader in the future. Terry Gou, the founder and chairman of Foxconn, has a deep understanding of the market and a firm determination. He has always been able to adapt to the development trend of the market in a timely manner and lead the development of Foxconn. What do you think about this decision, which not only shows Gou's vision and strategy, but also shows the future of Foxconn?