In recent years, with the rise of Huawei andApplesDeclining market shareFoxconnhas also been greatly affected. AsApplesThe main foundry,FoxconnAt one point, he fell off the altar. However,FoxconnAnd not trapped in a difficult situationTerry GouA series of decisions were made to regain their competitiveness.
FoxconnFounded in 1974, it was mainly engaged in the assembly and OEM of electronic components at first. With excellent manufacturing capabilities and close cooperation with well-known brands,FoxconnTo be one of the world's largest providers of electronics manufacturing services.
However, in recent years,FoxconnThere are many challenges. One of the biggest problems isApples's capacity transfer plan. In order to reduce dependence on China,ApplesThe company plans to transfer some of its production lines to emerging markets such as India and Vietnam. This will be rightFoxconncaused a huge shock, as they have been for a long timeApplesThe main foundry of the product. In addition, in the Indian market, the local Tata Group in India acquired through the acquisition of Wistron, among other meansApplesOrder, also giveFoxconnCompetitive pressures have been introduced.
In order to meet these challenges,FoxconnActively deploy emerging markets. They are in IndiaInvestmentsMore than $30 billion to expand production capacity and build new plants. However, due to the inefficiency of Indian workers,Foxconnin IndiaInvestmentsThere was no expected return. In addition,FoxconnProduced in IndiaApplesNewiphone15 There were also quality problems, resulting in damage to word of mouth.
In the face of various challenges,Terry GouAn important decision was announced. First of all, heInvestments500 million was established in Zhengzhou, HenanNew energy vehiclesIndustrial companies, hoping to be able to seizeNew energy vehiclesmarket opportunities. Secondly, he plans to expand HengyangFoxconnfactory to meetiphoneProduction needs of components.
These decisions are:Terry GouIt was made after careful consideration. He realizedNew energy vehiclesThe potential of the market and the trend of future development. With the increasing importance of environmental protection and sustainable development,New energy vehiclesThe market will usher in explosive growth. Terry GouHope that by entering this market, forFoxconnLook for new growth points.
And in the expansioniphoneIn terms of parts production capacityTerry GouBelieveAppleStill isFoxconnThe most important customers. AlthoughApplesTransfer part of the order to other foundries, butFoxconnIt still has a huge production scale and technological advantages. Terry GouIt is hoped that by improving production efficiency and quality, it will be regainedApplesand keep the orderMobile phonesCompetitiveness in the market.
Praised by foreign mediaTerry GouThe decision is made for"Cunning"。His decision-making exemplifies prudence and wisdom. Terry GouKnowFoxconnCan't just rely onApplesFor this customer, they need to diversify their layout and business. New energy vehiclesThe market is a huge business opportunity while expandingiphoneComponent capacity can continue to be servedMobile phonesMarket.
Terry GouThe decision is also madeFoxconnA retreat is provided. IfApplesOrders were further reducedFoxconnCan be relied onNew energy vehiclesand other businesses to maintain stable development. This strategy of diversification is sensible and able to reduceFoxconnrisk and dependency.
FoxconnAs the world's leading provider of electronics manufacturing services, we face enormous challenges. However,Terry GouThrough prudent decision-making and smart strategy, let'sFoxconnRegain competitiveness. HisInvestmentsNew energy vehiclesfield and expansioniphoneComponent capacity decisions, for:FoxconnThe future development points the way. Terry Gouof the field of vision andDecision-making skillsLetFoxconnIt is expected to continue to maintain its leading position in the field of global electronics manufacturing.
I thinkTerry GouThe decision was made very correctly and wisely. In the face of increasing intensityMarket competitionand challenges,FoxconnStrategies need to be constantly adapted and adjusted. InvestmentsNew energy vehiclesFields are a wise choice because this market is promising and able toFoxconnCreate new growth points. And expandediphoneComponent capacity, keep rightMobile phonesThe services of the market are also necessary. Diversification isFoxconnAn effective way to deal with market uncertainty to reduce risk and maintain stable development. Terry GouThe decision shows his vision and strategic vision, and I was rightFoxconnFull of confidence in the future development. As aTechnologyEdit, I'll stay tunedFoxconnto provide readers with wonderful reports.