The Indian consortium is gradually showing its fangs, and Apple has succumbed
According to foreign ** reports, Apple has expressed its willingness to cooperate with India's Tata Group; The strength of the Indian consortium has forced the world's largest Apple to bow its head, which is not a good thing for Foxconn, which intends to invest in India.
At the end of 2023, Apple forced 14 Chinese mobile phone companies to follow Apple in building factories in India and required Indian-made iPhone15s to use Indian-made batteries, which forced many battery companies to build factories in India.
Apple's purpose in entering India is to diversify the risk, because it believes that the foundry should follow its arrangement, and at present, the companies that build factories in India are at the mercy of Apple's arrangement, but the Indian consortium is not far behind, because the foundry is profitable, and the Indian consortium will definitely keep an eye on them.
India** reported that the Indian consortium Tata Group conducted a partnership with Wistron"Friendly"Negotiations led to take over Wistron India's factory, but in the end Wistron was acquired by Tata Group at a low price and closed all Indian factories at a low price, and by 2023, Apple's share of Wistron iPhone 15 production dropped to 1%, indicating that the company's factory in India was taken over by the powerful Tata Group. Compulsory takeovers. Apple's share of iPhone 15 production fell to 1%, suggesting that the company's factory in India had been forcibly taken over by the powerful Tata Corp.
According to reports, the Tata Group has thrown it at Pegatron"Olive Branch"It is very likely that the cooperation between the Tata Group and the Pegatron Group is just a front, and the purpose of the Tata Group is likely to be to forcibly take over the Pegatron Group's factory in India, so if Apple wants to make a breakthrough in production in India, it must cooperate with the Tata Group. Cooperation, and now Apple is willing to cooperate with Tata, which shows that the purpose of the Tata Group has been achieved.
Indian conglomerates are strong enough to openly attack European and American companies, such as Vodafone in Europe, which was fined heavily, but was unable to repay due to international pressure. In recent years, India has issued fines to Wal-Mart, Amazon and other American companies; Future Group, India's second-largest retailer, which was acquired by Amazon, was taken over by an Indian consortium and suffered heavy losses, while Ford Motor collapsed in India.
Because of this, India has"Foreign-funded cemeteries"of"Reputation"But India is the world's second largest market after China, there is still a lot of room for development, Apple does not want to give up the Indian market, and now, in the face of the Tata Group's strength in India, Apple has to bow to the Tata Group, and it intends to deliver the iPhone to the Tata Group OEM. Now, in the face of India's Tata Group's strength, Apple has to bow to the Tata Group, which intends to deliver the iPhone to the Tata Group OEM.
For Foxconn, Apple's largest foundry, the situation is not optimistic. Foxconn has already bet heavily on the Indian market, moving China's production line to India many times, hoping to create another miracle in India, but Wistron and Pegatron are worried in front of Foxconn.
Indeed, Foxconn has suffered setbacks in India for a long time, and Foxconn's Indian factory has repeatedly stopped production, and the iPhone yield rate is only 50%; Looking back at the Indian consortium's modus operandi, Foxconn founder Terry Gou's younger brother Terry Gou, who caught fire at a power plant in India that destroyed four of the 10 production lines, one begins to suspect that there may be something else behind the fire.
Hon Hai was founded in Taiwan, China, by Foxconn founder Terry Gou. Mr. Gou invested in a Foxconn factory in Shenzhen, China, and thanks to China's favorable conditions, Foxconn quickly grew into the world's largest foundry.
Foxconn's success made Gou feel like a superman who could create glory in India, but now Foxconn's failure in India may have dealt a blow to Gou, making him realize that Foxconn's success is not only his own efforts, but also the strong support of Chinese mainland.