Foxconn has decided not to get cheap in the mainland market anymore! Terry Gou makes an important decision
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Extended reading: Has Foxconn sunk? Guo Taiming is amazed, foreign media: the wisdom of the ancients.
In recent years, the rise of Huawei and the continuous decline of Apple's market share have dealt a blow to the development of Foxconn, which was once Apple's largest foundry? Foxconn was once one of the world's largest electronics manufacturers. However, with the restructuring of the global ** chain and the rise of emerging markets, Foxconn is facing new challenges. Guo Taiming announced an important decision, foreign media reported: Jiang is still old and spicy!
With the rapid development of science and technology and the fierce market competition, the global first-class chain system is also constantly adjusting and reorganizing. Some time ago, Terry Gou announced another important decision, which attracted the attention of the industry.
First, let's take a look at Foxconn's history. Founded in 1974, Foxconn is a Taiwanese manufacturing company that started by assembling and producing electronic components. Foxconn is one of the world's largest electronics companies, known worldwide for its superior manufacturing capabilities and close cooperation with well-known brands such as Apple. However, in recent years, Foxconn's market position has been threatened by a series of internal and external factors.
One of the main issues is Apple's capacity transfer plan. In order to reduce its dependence on the Chinese market, Apple intends to shift some of its production lines to emerging markets such as India and Vietnam. There is no doubt that this plan will deal a heavy blow to Foxconn. Foxconn has long been Apple's largest foundry in Chinese mainland, and if Apple shifts most of its capacity, Foxconn's business will be hit hard.
In order to cope with the challenges, Foxconn has followed in Apple's footsteps and actively entered emerging markets. Foxconn is said to have invested 30 billion yuan in India to expand production capacity and build new factories. However, due to the inefficiency of Indian workers and their reluctance to work overtime, Foxconn's investment in India is far lower than expected, and even Foxconn's newly launched Apple iPhone 15 mobile phone also has problems such as dust, high temperature, and peeling paint, which not only makes Cook anxious, but also seriously affects Foxconn's orders and reputation!
As one of Foxconn's major customers, in recent years, Foxconn has begun to transfer some orders to other foundries, such as Lucent Precision, affecting its revenue and market share. As far as the Indian market is concerned, India's Tata Group has been trying to get a piece of Apple's orders through the acquisition of Wistron and other means, which has undoubtedly had a little impact on Foxconn!
In this case, Gou made an important decision: he will invest 500 million yuan in Zhengzhou, Henan Province, to start a new energy vehicle company, and plans to expand Foxconn's factory in Hengyang to meet the demand for iPhone parts. This also leaves a way back for Foxconn, so that Foxconn has more choices, and even foreign media say that Terry Gou is a smart person!
Foxconn hopes to increase its competitiveness and market share by entering the field of new energy vehicles and expanding the production of iPhone accessories. After all, China's new energy vehicle market is growing rapidly and has huge potential. In addition, the iPhone production line in Chinese mainland is Foxconn's latest trump card, and Gou will never give up!
In conclusion, despite the many challenges and difficulties faced by Foxconn, it is still a leader in the global electronics manufacturing industry. Terry Gou continues to adjust its business strategy and innovate its development model, so that Foxconn can still maintain its leading position in the global electronics manufacturing industry in the future. As the founder and chairman of Foxconn, Terry Gou has a deep understanding of the market and is able to make decisive decisions. He is able to adjust the strategic direction in a timely manner according to market changes and drive Foxconn forward. This decision not only reflects Gou's foresight and strategic vision, but also reflects the future of Foxconn, what do you think?