In 2010, the "10 consecutive jumps" incident in the Shenzhen factory pushed Foxconn to the forefront of the storm, and people accused Foxconn of being a "sweatshop" without humanity. However, in strong contrast, when Guo Taiming released a signal to ** to "consider relocating the Foxconn factory", countless local personnel in the mainland took out various preferential policies and lined up in a long line, just to get a chance to meet Guo Taiming.
As long as it can attract Foxconn to build factories, it means that it will boost the growth of local employment, GDP and tax revenue. However, this model also gave Guo Taiming room for "dark box operation", and even gave Guo Taiming the illusion of "giving food to the mainland".
In the past ten years, Foxconn has eaten up the dividends of the mainland's population and policies. But with the outbreak of the Sino-US technology war, Foxconn chose to side with the United States. On the one hand, when Huawei was sanctioned by the United States, it directly cut off the OEM of Huawei's mobile phones; In addition, Apple is very worried about China's "reciprocal countermeasures", after all, Apple's largest production capacity is in Chinese mainland, once the mainland requires a ban on the production of Apple mobile phones, then Apple, a technology giant with a market value of 3 trillion, will collapse instantly!
Therefore, Apple chose to take Foxconn to "run away overnight" to take root in India, and Apple, as Foxconn's "gold father", naturally could not refuse. Foxconn, which has eaten up the dividends of the mainland, how can it come and leave as soon as it wants? In October 2023, the tax department conducted inspections of Foxconn's enterprises in Guangdong, Jiangsu and other places in accordance with the law, and the natural resources department launched an investigation into Foxconn's illegal land use in Henan and Hubei. At present, Foxconn has been fined 20,000 yuan, I believe this is just a warning, and if Guo Taiming does not repent of his death, I am afraid that the punishment will be 100 million!
Unexpectedly, this directly angered Guo Taiming, and he didn't pretend at all! Subsequently, Guo Taiming accelerated the transfer of production capacity, and the number of employees in Foxconn's mainland has plummeted from 1.2 million at its peak to 800,000. And in 2024, the production capacity of the Indian factory must account for more than 20% of Foxconn's total iPhone production capacity. In addition, Foxconn also said that in 2024, the NPI (new product introduction, which can be understood as engineering trial production) of the iPhone 17 must be completed in the Indian factory, and the NPI stage is very testing the production technology strength of the foundry, before the NPI of the iPhone has been placed in Chinese mainland, this time the stage will be transferred to India, it is obvious that Gou Taiming does not want to turn back at all.
When it comes to investing, Terry Gou has gone completely crazy. In November and December last year, Foxconn invested 10 billion and 12 billion in India for factory construction, and in January this year, Foxconn invested another 37.2 million US dollars to build a semiconductor packaging and testing plant in a joint venture with Indian enterprises. According to the latest news, Modi India will award Foxconn CEO Liu Yangwei with the Order of Lotus of the Second Class, which is one of India's most important national honors and is awarded to those who have made important contributions to India. According to Indian reports, Liu Yangwei won the award for promoting Foxconn's construction of a foundry in India.
But in the final analysis, Foxconn is just a tool for India** and Apple, and Foxconn still can't get rid of the fate of orders being divided. In the distribution of orders for iPhone 15, Apple instead divided the orders that belonged to Foxconn to Luxshare and Pegatron, so as to avoid Foxconn's dominance in the ** chain, let the three foundries "infighting", and finally Apple reaped the benefits of the fisherman.
But even so, Guo Taiming will not look back at all. It is hoped that the relevant departments can carry out a comprehensive liquidation of Foxconn, how many interests have been encroached upon by the mainland in violation of laws and regulations in the past ten years? Spit it all out!