Foxconn Industrial Internet USA’s Post

It's Interesting, Foxconn Chairman said they want to Start EV in India. Its quite understanding why every Gobal leading companies want to move plants Asain Countries like India, Thailand, Vietnam, Malaysia etc. Probably : 1. Stable Economy, 2. Big Markets, 3. Budget Savings (Labour Cost), 4. Plants cost savings, There also has many other benifits, Including transportation, political situation, Future trends analysts Etc. It's already actually stated transformation for Developing Asian countries. 👏👏👏

Foxconn is winding down some operations in China amid revenue shortfall. At Foxconn;s peak, Foxconn employed 1 million workers in a single Chinese city to assemble iPhones. In the past five months Foxconn announced more than US$1.1 billion of investments into India, Vietnam and Thailand. In India alone, Foxconn has 9 campuses across the equivalent of 500 football fields operating more than 30 factories. Foxconn revenue from South Asian nation is roughly US$10 billion annually, and Foxconn predicts investments in SE Asia would top several billions of US dollars in the coming years. This page contains SE Asia resources for targeting locations for contract manufacturing supply chains https://lnkd.in/g2X43xc6 Read Foxconn article https://lnkd.in/gqauNiRe #foxconn #china #india #iphones #manufacturing #supplychain #southeastasia

In a strategic move amidst escalating tensions between Washington and Beijing, Foxconn, the giant iPhone contract manufacturer, has unveiled plans to amplify its presence in India with a staggering investment of $1.5 billion. This substantial expansion aims to diversify business ventures beyond China, solidifying India's significance in the global tech landscape. The decision comes as part of Foxconn's broader strategy to secure its operations amid geopolitical uncertainties. The subsidiary, Foxconn Singapore, has acquired 12.83 billion shares of Foxconn Hon Hai Technology India Mega Development, marking a significant step in this transformative journey. As Foxconn intensifies its commitment to India, intending to double its workforce and investment by the upcoming year, we invite you to share your insights on this significant development. How do you see this move impacting the tech landscape in India? Drop your views below, and don't forget to follow @hindustanherald for more tech updates and breaking news. Your perspective matters! #FoxconnInvestsIndia #TechExpansion #GlobalBusiness #HindustanHerald #DigitalIndia #GlobalTechRelations #FoxconnInnovation #TechSecurity #SmartTechInvestment #FutureOfTech #GeopoliticalTech #DigitalTransformation

Foxconn mulls shift to rotating CEO system: Taiwan-headquartered contract manufacturer Foxconn began looking to alter its top management structure, mulling rotating the CEO position, a move which has been on the table for several months, Reuters reported. The shift is reportedly driven by calls for improved corporate governance and to better develop new leadership. Reuters reported shareholders have pushed for the company to split the CEO and chair roles between two executives. Young Liu was appointed to both positions in 2019. He joined the company in 2007. Huawei is one of the few global companies which rotates its top role. Three executives share the chair title, each holding the position for six months.  In March, Liu forecast “significant” growth in full-year sales, following a near 10 per cent drop in Q1. Revenue from consumer electronics products have declined as iPhone demand in China has weakened over the past two quarters. The post Foxconn mulls shift to rotating CEO system appeared first on Mobile World Live. http://dlvr.it/T5PYsc

Tech Titans Choose Vietnam: A Shift in Global Manufacturing Landscape 🌐🔧 Alongside Apple, other tech giants like Foxconn, Luxshare, Pegatron, Wistron have also relocated a significant number of their manufacturing facilities from Taiwan - China to Vietnam. This move not only solidifies Vietnam's manufacturing prowess but also opens up opportunities to expand production scale for leading companies in the electronics industry. #ManufacturingShift #VietnamAdvantage #TechGiantsMove

Price War has begun.... According to recent news, some customers of 4 major foundries (Global, UMC, Samsung & PSMC) have cancelled their orders and placed new orders with Chinese Fabs. According to Trendforce report, Chinese fabs have started to reduce prices since 3Q23 to retain existing clients and grab new orders. SMIC, Huahong, and Nexchip are among the foundries that have reduced their prices. There are reports that Taiwan UMC & PSMC reduced their prices by 10-15% to remain competitive. @Samsung also joined the race and started to offer 5-15% discount offers. Even TSMC has made some adjustments to make its offers more attractive to the customers. Check the full article here: Let me know in the comments for the source, it's special and can not be posted publically 😉 #Ammar #SEMICONDUCTOR #chinafactory #foundry #marketing

Foxconn leased land for a factory in Bac Giang Foxconn, the iPhone manufacturer for Apple, has signed a contract to lease 45 hectares of land from Saigon - Bac Giang Industrial Park Joint Stock Company in Vietnam at a cost of 62.5 million USD. This move is made to meet the “operational needs and capacity expansion” of the company. Foxconn, officially known as Hon Hai Precision Industry, leased through its subsidiary Fulian Precision Technology, located in Quang Chau Industrial Park, Bac Giang province. The lease contract lasts until February 2057. Previously, in August 2022, Foxconn signed an investment agreement of 300 million USD to build a new factory in Bac Giang. However, it is not clear what devices this tech giant will manufacture at the new factory. Last year, Foxconn’s manufacturing operations were severely affected by protests against COVID-19 control policies at the company’s largest iPhone manufacturing plant in the world in Zhengzhou, China. In that context, at the end of December 2022, Foxconn completed plans to transfer some MacBook manufacturing operations to Vietnam, with the first products expected to be released in early May this year. Foxconn also plans to quadruple its workforce at the iPhone manufacturing plant in India within two years. The company announced an investment of 500 million USD in its subsidiary in India in December 2022. These steps show that Foxconn is striving to expand its manufacturing operations out of China, while seeking new opportunities in other markets such as Vietnam and India. #environment #industry #technology #company #netzero #investment #realestate #finance #raising #fundraising

Foxconn's Bold Move: Doubling Workforce and Investments in 🇮🇳! Foxconn, the prominent Taiwan-based electronics contract manufacturer, has ambitious plans for its operations in India. They intend to double their workforce, FDI, and overall business scale in India within the next year. This expansion comes as part of their strategy to diversify away from their reliance on manufacturing in China. Foxconn already has a significant presence in India, including an iPhone manufacturing facility in Tamil Nadu employing 40,000 workers. Additionally, they recently announced a $600 Mn investment in Karnataka for projects related to iPhone casing components and chip-making equipment. The company's belief in India's potential and hinted at the possibility of several billion dollars in future investments. #FoxconnExpandsIndia #InvestmentBoost #TechManufacturing #JobGrowth #FDIIndia #GlobalBusinessExpansion #TamilNadu

#Take2WithBS | A passage to India Padma Bhushan for Young Liu embodies how Foxconn has grown roots in India. But to flower further, it may need to reduce dependence on Apple Inc, writes surajeet das gupta #foxconn #appleinc #padmabhushan #youngliu https://mybs.in/2dTTRAj

Thoughtful observations on misguided attempts to increase productivity by working people even harder from Christopher Lind. Why do we persist in needing to learn this?! It is so ironic that manufacturing companies would not run their machines so hard that there was no time for maintenance or restoration, but they think running their people this hard will result in greater productivity. Especially when new solutions will most likely come from perspective shifts and applying new cognitive frames, which only occur when people get some distance from the problem, some rest, or engagement in non-work activities (e.g. creative pursuits, physical or social activities, travel, … ). Which is simply not possible or likely with just one day a week for personal time.