Foxconn: China Is No Longer The World's Manufacturing Center
Young Liu, president of
Foxconn, Apple's largest supplier in China, announced that China is no longer a
global manufacturing center.
When the coronavirus
epidemic was added to the trade wars between the USA and China for months,
giant companies started to give up China one by one.
For example, Apple recently
shifted some of its iPhone production to India. Also, Samsung has decided
to close its last computer factory in China.
China, the global center of
technology production for a long time, is bleeding as giant companies leave the
country.
Foxconn, the world's
largest contracted supplier of smartphones, tablets, consoles and computers; It also
provides services to companies such as Microsoft, Sony, Dell and
Nintendo, especially Apple.
Foxconn president
Young Liu explained that China is no longer the world's manufacturing center
and its role in production is rapidly declining.
Liu stated that China will
still play an important role in manufacturing operations, but will not be as
critical as before.
Foxconn, a key supplier
to Apple and many tech giants, plans to split the supply chain between the US
and China.
The company's president
said the factory in China has gradually moved out of the country.
Young Liu said that
the rate of production capacity outside of China will increase further by
shifting capacity to South East Asia and other regions to avoid extra taxes
that may be imposed on goods produced in China.
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