According to Bloomberg, Hung Hai's chairman Young Liu said, "No matter if it’s India, Southeast Asia or the Americas, there will be a manufacturing ecosystem in each," and China will play an important role for Foxconn, adding the country’s “days as the world’s factory are done.”
Foxconn's manufacturing capacity outside of China is 30 percent of its total capacity, up from 25 percent as of last June, Bloomberg also reported. The company is one of the major Apple suppliers that has rebuilt its production system, which has been focused on China, and is focusing on expanding its operations in India and Vietnam.
Already in June last year, Apple reportedly asked its major suppliers to consider the possibility of moving production to Southeast Asia in the wake of the then growing trade conflict between the U.S. and China, and it appears to be paying off.
Foxconn's major customer, Huawei, had only disappointing sales outside of China due to US sanctions, while another major customer, China's Xiaomi, also received a rebound in the Indian market, where tensions with China are rising. It seems that there is a rush to "de-China factory" not only at Apple's request, i.e. to avoid tariffs against China in the US market, but also to recover sales in other global markets.
This article is based on an article from the Japanese edition of Engadget and was created using the translation tool Deepl. The Japanese edition of Engadget does not guarantee the accuracy or reliability of this article.