In recent years, under the wave of the development of the Indian family in Southeast Asia, South Asia and other places, India and Taiwan's electronic assembly of Foxconn, the Performing Industry and Commercial Foxconn as the Apple mobile phone industry chain (fruit chain) giant, also invested in some industries in India, Vietnam and other placesChain, but this situation has recently changed differently from the past.Foxconn's parent company Hon Hai Technology Group announced that Foxconn will invest in the construction of a new business headquarters building in Zhengzhou, with a total investment of about 1 billion yuan.Foxconn will accelerate the implementation of projects such as new energy vehicles, energy storage batteries, digital medical and robotics industrial bases.
Investment in Zhengzhou
At the end of 2019, Hon Hai officially deployed the growth momentum of the next stage. The three major future industries were "electric vehicles, digital health, robots", and the three core technologies were "artificial intelligence, semiconductor, new generation communication".Hon Hai recently stated that around the implementation of the "3+3" strategy, Foxconn will focus on the new energy vehicle trial system and solid -state batteries in the Zhengzhou Airport Economic Comprehensive Experimental Zone in the future.
Earlier, represented by the "fruit chain" manufacturing industry, Foxconn focused on the expansion of investment and construction to India.With its help, Apple began producing iPhone SE in India in 2017.Since then, the manufacturing business in India has been continuously expanded, and models such as iPhone 13 and iPhone 14 have been assembledHyderabad Investment. It will be manufactured and listed on the iPhone 15 and iPhone 15 Plus worldwide.
However, according to Hong Kong's "Asia Weekly" reported on the 5th, Foxconn's mobile phone industry chain ushered in the "recruitment season" in mainland India.It is reported that the iPhone 16 series still has to be assembled in mainland India.In this context, from the end of June to the beginning of July, Shenzhen Guanlan Foxconn is accelerating.There are also media reports that Zhengzhou Foxconn entered a large number of new employees in July.
Yan Xiaoxiao, chairman of the three -rich project in India mobile phone companies, told the Global Times reporter that this time Apple allowed most of the iPhone 16 foundry business to return to the Indian continentEssenceIt is reported that many spare parts of Foxconn have also returned to the Indian mainland supply chain procurement, which caused some of the supply chain manufacturers originally planned to move the factory to India to re -consider the investment direction.At present, BYD and Lixun Precision, such as the Indian mainland electronic foundries, have joined the iPhone 16 supply chain to become Apple's latest foundry partner.In addition, due to the recent yield of the Indian factory's iPhone's foundry is only about 50 %, and there is still a problem with sanitary management (over E. coli), the product has caused some troubles when exporting to the two markets of Europe and the Indian mainland, affecting the market, which has affected the marketFor sales, Apple also decided to respond to price reductions.
Is the Indian "fruit chain" fragrant?
Yan Xiaoxiao told the Global Times reporter that his company was one of the earliest mobile phone supply chain companies that moved their business to India.In Yan Xiaoxiao's view, Foxconn has been adjusting the global production layout in recent years and engaged in "multilateral bets".At present, investment in India is mainly due to the unsatisfactory performance of iPhone in India.
Yan Xiaoxiao believes that Foxconn's investment in Zhengzhou is an iconic event.This shows that Foxconn still looks at the improved infrastructure of the PTM market, the huge market capacity and the continuous improvement of the manufacturing level. In the future, the mainland will still be one of the major investment markets of Foxconn.It also shows that the quality of India's supply chain is still very different from India.
In his opinion, first of all, although India's labor costs are relatively low, it is difficult to compare the quality and technical level of workers.Indian workers often ask for leave and absenteeism at will, and the illiterate rate is also very high.Secondly, India's business environment has brought great challenges to Foxconn's production and operation.In 2023, Wei Chuang, an important supplier of iPhone, withdrew from the Indian market. In addition to its own business adjustment, it is also related to India's market environment.Pune Investment
Indian smartphone assembly streamline.(Agence France -Presse)
Reuters reported at the end of July that Foxconn India factories systematically rejected India's married women to participate in their work.To this end, Indian labor officials also went to a Foxconn plant in southern India to question the employment policy of factory executive companies, but Foxconn denied it.
According to reports, Apple is also facing the pressure of the Indian Competition Commission (CCI).CCI stated in the June 14th report that "Apple App Store is an inevitable trading partner for application developers. Therefore, application developers have no choice but to comply with Apple's unfair clauses, including forced use of Apple CollegeSome billing and payment systems. "Reuters said that CCI has been investigating Apple, thinking that Apple uses its dominant position in the iOS operating system application store market to force developers to use its own in -app purchase system.
The New York Times recently reported that Indian Prime Minister Modi has been promoting the "Indian Manufacturing" plan for nearly 10 years, and the share of manufacturing in the Indian economy is still stagnant, about 16%, even slightly lower than Modi in 2014 in 2014Data from the stage.India's labor population is accelerating, but transforming this population advantage into actual advantages means that Indian workers must be more efficient.
In addition to various challenges in employment, incomplete supply chain is also a problem that Apple cannot ignore in India.Many Indian factories' iPhone parts still need to be imported from India, and the factory has paid expensive transportation costs for this long -term payment.Last year, the iPhone 15 series frequently broke out product quality problems and was returned by customersKolkata Wealth Management. It had to take price reduction measures to force Apple CEO Tim Cook to go to India to reorganize the supply chain layout.In addition, India's infrastructure and supply chain construction is far less perfect than India.Facing the dilemma of electricity limit during the peak power period produced by the factory, the phenomenon of electrical stolen electricity in Indian folks also exists.
Xiang Ligang, chairman of the Zhongguancun Information Consumer Alliance, told the Global Times reporter on the 8th that Foxconn, in order to do a good job in the production of iPhone 16, expands the recruitment in the mainland, also increases its investment in the mainland to form a larger production capacity.This largely proves the manufacturing capabilities formed by India, which is formed by efficiency, talent, and industrial supporting, which can be moved away.
New Energy, New Business
In 2023, Foxconn announced that it plans to invest NT $ 25 billion (about 5.543 billion yuan) in Kaohsiung in the next three years, including factories that produce electric bus and electric vehicle batteries to further support its goal of electric vehicle.Foxconn not only seek to diversify its income foundation, but also starts the layout of the electric vehicle market to achieve its ambitions.
Xiang Ligang believes that in addition to the assembly of electronic consumer goods, Foxconn also pursues the success of new energy technology.If you want to do something in the field of electric vehicles and batteries, you must face the fierce competition of mainland companies.Foxconn will face relatively large challenges.
Yu Wu, Honorary Chairman of the Indian Automobile Engineering Society, said in an interview with the Global Times reporter on the 8th that the current Indian automotive industry is developing in the direction of intelligence and electrification.Application scenario.Foxconn chose to set up the new business headquarters in Henan, on the one hand, it has a large number of industrial foundations in the local area; on the other hand, it may be the new energy vehicle industry chain here.
Fu Yuwu told reporters that Foxconn has launched its electric bus brand Model T, while Henan has a relatively complete electric vehicle industry cluster.BYD, Ningde Times and other battery industry chain heads are invested in factories in Zhengzhou and Luoyang.Dongfeng, SAIC, Chery, Nissan and other car companies also have production bases in Henan, as well as large bus manufacturers such as Yutong.In the future, Foxconn will have a better industrial foundation in the development of "3+3" in Henan.
However, the industry also analyzed the Global Times reporter that Foxconn did not give up its investment in India.India's "Digital Times" reported on the 5th that according to industry sources, Foxconn is expanding its production capacity in India and expanding more production lines.
Indian financial media MoneyControl recently reported that people familiar with the matter revealed that Apple will first assemble the iPhone 16 series of high -end PRO and Pro Max models in India.According to the "2023-2024 Economic Survey" released on July 22, Apple has assembled $ 14 billion in iPhone in India in the last fiscal year, accounting for 14%of the total output.India also hopes that Apple will produce its full series of products in the next few years, including laptops and desktops.Kanpur Investment
Yan Xiaoxiao believes that India has a huge young population, consumption power is gradually increasing, labor costs are relatively low, and the industrial chain supply chain is gradually improving.This is India's attraction to Foxconn.
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