Trade war between the U.S and China has alarmed tech giants. Starting from December this year, iPhones will attract 15% tariff duty. Apple has said that it will absorb the duty by reducing the cost of parts. However, the move might not be sustainable and in the end customers may have to bear the brunt. Amid tensions, other Asian countries including India are prepping themselves as an alternate manufacturing destination for iPhone.
Foxconn is reportedly hiring thousands of employee to gear up for the upcoming iPhone launch. Apple is scheduled to launch new iPhones next month and typically the demand is at a peak in the first few months of launch.
Foxconn’s CEO Terry Gou has announced that he will be stepping down from running the day-to-day operations of the company later this year. He is now looking to hand over the running of the company to younger management.
Foxconn is considering setting up an iPhone factory in Vietnam to avoid any issues due to the trade war between China and the United States. Apart from Vietnam, Foxconn is also considering Thailand as an option.
Last month, Foxconn announced that it is opening a display factory in the United States that will be making large screen panels used in televisions and other similar devices. The factory was initially believed by many to produce iPhone components but that did not turn out to be true. Now though, a new report details that Foxconn will be using its Wisconsin factory to produce LCD panels for the iPhone as well.
A Foxconn-led consortium backed by Apple, Dell and potentially Google is expected to bid for a stake in Toshiba’s NAND storage business. However, the deal is not expected to go through due to regulatory concerns and the Japanese government wary of key technology going out of the country.
A report indicates that Foxconn might be looking to open up 6G (sixth-generation) TFT-LCD manufacturing plants around the U.S. meant for IoT (Internet of Things) devices. These devices will range from mobile terminals to automobiles and medical care.
In an annual year-end party, Foxconn’s chairman Terry Gou reportedly said that the company is mulling an investment of $7 billion with Apple to set up a highly automated display facility in the United States.
Earlier this year, it was reported that Foxconn, a major manufacturing partner of Apple’s, had replaced 60,000 of its workers with robots.