Terry Gou lost the bet !India counterattacked, and the Foxconn era came to an end

Mondo Technology Updated on 2024-02-01

Terry Gou "lost the bet"!India counterattacked, and the Foxconn era came to an end

Foxconn, which quickly left Chinese mainland and invested in India, did not usher in the desired results, but encountered a counterattack from India's Asan.

It turns out that in order to develop India's manufacturing industry as soon as possible, the Indian Modi team has always hoped to introduce more foreign investment. And in order to be able to attract foreign investment, Modi is full of promises.

But when Apple's number one foundry, Foxconn, really went to India, the Modi team was not happy, and all kinds of promises were lip service.

At the same time, India has also vigorously supported the local enterprise Tata Group, which is still obedient and easy to use its own enterprises, and the subsidies are issued by its own people.

After the Tata Group acquired Wistron's industrial chain in India, it aimed its guns at Foxconn, and even publicly dug up a corner.

According to Indian media, Tata Group has also offered a 20% salary increase and is poaching Foxconn technicians. It undoubtedly dealt a heavy blow to Foxconn's plan to build a factory in India.

Foxconn went to India and encountered a "pig killing plate".

In India's transformation from an agricultural town to a global manufacturing hub. Barren fields, high-tech factory parks, and brand-new dormitories built to house thousands of assembly line workers are a success.

But this is India's own development, and Foxconn, Luxshare Precision, and Wistron can't get any dividends from it.

For example, a Wistron executive who ran away with a bucket cried: "It's been 15 years, and we haven't made a penny there (in India)"!

Obviously thanks to the low labor costs in Chinese mainland, a perfect industrial chain, and an excellent management system, why is Foxconn so eager to decouple?Would you rather go to India, which is known as the "cemetery of foreign capital" with various investment traps?

In addition to the conditions of India's own existence, the labor force is low and the market dividend seems to be quite broad, but the main reason is that Foxconn firmly believes that their thighs are Apple rather than Chinese mainland, and they would rather follow the American giants to decouple.

Guo Taiming even said: We are giving Chinese mainland a meal to eat!

But the facts are in front of us, India also does not need Foxconn's "appreciation", India is more inclined to let Apple find Indian local companies to cooperate, so that Indian local companies can get more iPhone OEM orders.

The impact of Foxconn's departure from China, the hope brought by China's domestic production

Now, Foxconn, which is bent on leaving Chinese mainland, has a great impact on ChinaThis is a concern for many, especially when it comes to the livelihoods of tens of millions of people.

But compared with India, the real key to this problem is whether our localization can really replace FoxconnThat's what really gives us confidence.

The following is a set of data, Foxconn's highest hourly wage for temporary workers is the so-called 3W department, this department mainly produces products such as Apple cameras, because the precision of the product is wearing dustproof clothing, their hourly wage is 26 yuan per hour.

After the return of Huawei's domestic mobile phones with domestic chips, many departments for Huawei's mobile phone OEM have also reached or even exceeded 26 yuan per hour, which has exceeded the IDPBG department for Apple mobile phone OEM.

Starting with Huawei, the localization industry chain began to take shape.

In the final analysis, technological progress has brought about industrial progress, which in turn has gradually improved people's lives.

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