Terry Gou's transfer to India, hundreds of thousands of jobs will disappear?
Ironically, they're moving to India! If Terry Gou changes places, thousands of job opportunities will be gone?
Foxconn, with its mainland market and cheap labor, is already the world's largest parts foundry, but Terry Gou attributed these honors to Apple, and openly shouted: Some time ago it was an awards party, which was quite infuriating.
However, on the basis of mutual benefit, China has not done more. The Chinese side has investigated Foxconn's tax and land use issues, but only ordered it to correct its mistakes, and the fine of 20,000 yuan is not serious, but only a warning.
The mainland is very polite and friendly, because some time ago, Foxconn still contributed hundreds of thousands of jobs, driving the entire industrial chain, and there was a heyday of one million people, which also solved a lot of jobs for the country.
A company like this, if it can be retained, it would be great, because with Apple's order, they can better guide the entire ** chain, while Terry Gou is only staring at India, will this cause thousands of jobs to be lost?
Guo Mingyi. Foxconn is a major manufacturer, with its rich experience and technology, has always been Apple's fixed order, but with the development of mainland industry, there are also many domestic manufacturers that can replace it, such as Luxshare Precision.
Since labor is a labor-intensive industry, the biggest cost must be labor, but some time ago, the labor cost in the mainland has been rising steadily, and Apple does not agree to increase the price, so it aims at the Indian market.
Apple realized this early on, and negotiated with Modi's team under the flyover, and finally reached an agreement, Apple has no room for further development, so it has to move production capacity to Chinese mainland, and Foxconn is the project"Forerunner"。
Foxconn's current development in India is not bad, India not only gave them tax cuts, but also gave them a large piece of land, so Guo Taiming will do this, what he wants to do is to invest all his resources in low-end manufacturing, and at the same time set his sights on the local semiconductor field.
To cater to Indian consumers, Foxconn plans to build an assembly line in Bangalore, where it will be fully assembled and receive more orders from mobile phone brands to expand its production capacity in India.
Similarly, Foxconn has taken a new step in the semiconductor sector, officially announcing that it will build a packaging test plant with India's HCL, but the project has been vetoed by Vedanta. Foxconn holds a 40% stake in the plan, with a total value of $37.2 million.
India has offered nearly $10 billion in stimulus packages for the manufacturing industry, Foxconn was the first to submit the application, and Modi's team is also actively promoting "local production", and the two companies will work together further, and if all goes well, Foxconn will completely withdraw from the Chinese market.
While Foxconn's departure will create a short-term gap in production capacity, it will quickly fill thousands of jobs, given China's current production and the growing power of Chinese handset makers.