Terry Gou decided to move to India, and hundreds of thousands of jobs will disappear?
They decided to go to India! After Terry Gou officially announces his resignation, will hundreds of thousands of people lose their jobs?
Foxconn has become the world's largest foundry, relying on the mainland market and cheap labor, and Mr. Gou has attributed this to Apple's orders and threatened to owe it all to him.
However, in line with the principle of mutual benefit and win-win results, China** did not take any action. After inspecting Foxconn's tax and asset situation, only adjustments were proposed, and the fine of 20,000 yuan was more of a warning.
The mainland's attitude towards Foxconn is because Foxconn can still provide hundreds of thousands of jobs. Foxconn employed more than 1 million people at its peak, which meant plenty of jobs for local workers.
If Terry Gou goes to India, won't that mean that thousands of jobs will cease to exist?
Guo Mingyi took a step forward.
Foxconn, as a leading chip manufacturer, has obtained many orders from Apple based on its technology and experience, but with the development of industry on the African continent, more and more national producers have emerged, and Lucent Precision is the best example.
Because it is a labor-intensive industry, labor accounts for the largest proportion, but in recent years, with Apple's price increase, domestic labor costs have also risen again and again, and they are not reconciled, so they turn to India, which is rich in labor resources.
Apple had the same idea, and through communication with Modi's team, the two sides reached a cooperation that, since Foxconn's production has reached its limits, it is necessary to move its production in China elsewhere, and Foxconn is one of them"Frontrunner"。
Now that Foxconn has gained a foothold in India, not only with tax incentives but also with a large area of land, Gou has finally decided to enter not only India's low-end manufacturing, but also India's high-end semiconductor industry.
Foxconn intends to build a production line in Bangalore first and then in India to produce iPhones and increase production capacity in India by ordering more phones from other brands to supply Indian consumers.
Foxconn has taken another step forward after refusing to work with Vedanta, announcing the creation of a packaging and testing plant in partnership with Indian company HCL. Foxconn holds a 40% stake in the company, with a total investment of 37.2 million yuan.
India is working to stimulate Foxconn's production capacity, with Foxconn being the first to apply and Modi's team keen to promote"In-house production"to further promote cooperation between the two countries, and if nothing else, Foxconn is likely to withdraw from the Chinese market.
While Chinese factories will face huge labor shortages after Foxconn's disappearance, China's industrial level is still strong enough to employ hundreds of thousands of workers.