At its peak, Foxconn not only had a market value of 500 billion yuan and more than 1.2 million employees, but also became the world's largest electronic product foundry, and was Apple's "queen foundry", which can be said to have made a lot of money! The reason why Foxconn has become a "leader" in the field of electronic foundry in a short period of time is nothing more than two reasons:The first is to get the order of Apple iPhone with the ultra-high yield rate and OEM process, and the second is to bathe in the spring breeze of "reopening" and enjoy a large number of preferential policies such as land and taxation.
However, with the skyrocketing value, Foxconn's founder Terry Gou seems to be getting more and more floating, not only attributing all the credit to Apple, but also repeatedly issued "Foxconn came to the mainland to build a factory for us to eat" shocking remarks, and even when Apple decided to transfer production capacity to Southeast Asia, Foxconn also actively cooperatedDirectly investing billions of dollars to build factories in India can be said to show the behavior of "eating and smashing the pot" to the fullest! If you want to say something ugly, it is simply a "white-eyed wolf"!
Although in the early days of building a factory in India, due to the "mask incident" and the "Indian employee strike", almost all of Foxconn's Indian factories were in a state of shutdown, and billions of dollars were completely "lost"! But Guo Taiming did not give up because of this, but threatened at the end of 2022We need to transfer $300 billion worth of mainland production capacity to India within three years, and we will also expand the number of employees in the Indian factory to more than 200,000! It can be said that he is determined to run away with Apple.
But what Guo Taiming never dreamed of was that his active cooperation at all costs not only did not get Cook's favor, but even the orders for the iphone15 series were cut by Apple by 27% and handed over to Luxshare and Pegatron, which means that Foxconn is being "marginalized" by Apple, and once it loses its value, it will be ruthlessly abandoned! Not only that, in addition to Cook's change of face, India** also "persuaded Foxconn" to retreatIts semiconductor factory construction project with Vedanta has been shelved by India, and finally Foxconn can only withdraw its investment, it can be said that after these two catastrophes, Foxconn has fallen into an embarrassing dilemma!
However, just when Guo Taiming was hesitating, Indian Prime Minister Modi gave him another "candy" to eat, that is, Foxconn CEO Liu Yangwei was awarded the second-class Lotus Medal, and also promoted Foxconn and Indian software and engineering company HCL Group to reach a cooperation to establish a joint venture for chip packaging and testing. After being "recognized" by India, Foxconn is also making another effortFirst announced at the end of November last year that it would invest 11 billion yuan to build more factories, and then in December last year, it added another 12 billion yuan to promote the operation of Indian factories, so it can be said that Foxconn is accelerating its withdrawal from the mainland market!
In addition, not long ago, Foxconn announced an important decisionThat is an additional $1 billion on top of the $1.6 billion set aside for the new plant in Karnataka, India, to expand production capacity and scale. According to India's "Economic Times", the first assembly line of Foxconn's Bangalore factory will also be completed in April this year, when the assembly of iPhone mobile phones will begin for the first time, and with the successive use of Foxconn's Indian factory, Apple's production capacity in India will also be greatly increased, and even India's local manufacturing industry will be upgraded! In this regard, Modi's foreign media also said: Foxconn's construction of a factory in India has been decided
As the saying goes, the enlightened help the unrighteous and the unrighteous are less helpful, Foxconn's behavior of going to India to build factories and "eating and smashing the pot" has already caused dissatisfaction among many Chinese enterprises, and its reputation and image in the mainland market also collapsed instantly, according to the dataAt present, the number of employees at Foxconn has dropped from a peak of 1.2 million to 7960,000 people, the market value also fell below 300 billion, and Hon Hai Group's revenue in the first quarter of this year fell by 20 percent year-on-year9%, it can be said that Foxconn is already going downhill! With the strong rise of BYD Electronics and Luxshare Precision, Foxconn's position in the field of electronic foundry will gradually be replaced in the future, until it can no longer turn over! If you approve it, please like it!