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Foxconn boss: China's 'days as the world's factory are done'

Foxconn, also known as Hon Hai Precision, is diversifying its operations and becoming less reliant on China for its manufacturing. (Image: Foxconn)
Foxconn, also known as Hon Hai Precision, is diversifying its operations and becoming less reliant on China for its manufacturing. (Image: Foxconn)
With the US-China trade war showing no signs of abating, more companies are looking to rely less on the Chinese supply chain. More evidence of that emerged today with Foxconn Chairman, Young Liu, saying that the China’s role as the global manufacturing hub is over.
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The US-China trade war has rightly spooked a lot of tech companies as it has the potential to seriously disrupt their product plans. China has long been the global hub of technology manufacturing, but it is proving to be increasingly problematic for a number of geopolitical reasons, but Trump Administration tariffs on Chinese made products are proving challenging. So much so, in fact, that Foxconn Chairman, Young Liu, has said that China’s ‘days as the world’s factory are done.’

Foxconn is the largest contract supplier of smartphone, tablet, console and computers in the world, so the comments of its Chairman are significant. Its highest profile customer is, of course, Apple, but numerous other high-flying companies including Microsoft, Sony, Dell and Nintendo use its manufacturing factories as well. Currently, Foxconn has 30 percent of its manufacturing facilities outside of China and it is continuing to shift manufacturing to other countries in South East Asia and elsewhere.

The Foxconn Chairman made it clear that China will still play an important role in its manufacturing operations, but it won’t be as critical to its operations moving forward. Foxconn is bouncing back after a tough first quarter that was smashed by the Chinese lockdown in response to the COVID-19 outbreak but has since recovered. Apple’s spectacular performance despite the global downturn has managed to buoy Foxconn’s overall results but it clearly isn’t going to just ‘hope for the best’ moving forward.

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Sanjiv Sathiah
Sanjiv Sathiah - Senior Tech Writer - 1226 articles published on Notebookcheck since 2017
I have been writing about consumer technology over the past ten years, previously with the former MacNN and Electronista, and now Notebookcheck since 2017. My first computer was an Apple ][c and this sparked a passion for Apple, but also technology in general. In the past decade, I’ve become increasingly platform agnostic and love to get my hands on and explore as much technology as I can get my hand on. Whether it is Windows, Mac, iOS, Android, Linux, Nintendo, Xbox, or PlayStation, each has plenty to offer and has given me great joy exploring them all. I was drawn to writing about tech because I love learning about the latest devices and also sharing whatever insights my experience can bring to the site and its readership.
contact me via: @t3mporarybl1p
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2020 08 > Foxconn boss: China's 'days as the world's factory are done'
Sanjiv Sathiah, 2020-08-13 (Update: 2020-08-13)