As US-China relations deteriorate, iPhone manufacturer Foxconn will transition to the automotive industry.

As it navigates a new era of chilly Washington-Beijing ties, iPhone manufacturer Foxconn is placing significant bets on electric automobiles and reorganizing some of its supply networks.

As US-China relations deteriorate, iPhone manufacturer Foxconn will transition to the automotive industry.
As US-China relations deteriorate, iPhone manufacturer Foxconn will transition to the automotive industry.

 

Young Liu, the chairman and CEO, discussed the potential future of the Taiwanese company with the BBC in an exclusive interview.

Electric vehicles (EVs), according to him, will be the company’s development engine in the ensuing decades, despite the fact that Foxconn is moving some supply chains out of China.

Foxconn needs to be prepared for the worst as US-China tensions rise, according to Mr. Liu.

In his offices in Taipei, Taiwan’s capital, 67-year-old Mr. Liu told us, “We hope the leaders of these two countries will keep in mind peace and stability.”

But I have to consider the worst-case scenario as a CEO of a company.

Possible outcomes include Beijing’s attempts to encircle Taiwan, which it believes is a part of China, or even worse, to invade the autonomous island.

Business continuity planning, according to Mr. Liu, is already in progress. He also said that several production lines, notably those connected to “national security products,” have already been relocated from China to Mexico and Vietnam.

He was probably talking to servers Foxconn produces for data centers, which might house sensitive information.

In 1974, Foxconn, or Hon Hai Technology Group as it is formally known, began manufacturing TV knobs. With an annual revenue of $200 billion (£158.2 billion), it is now among the most powerful technology businesses in the world.

Related Posts

The Ultimate Guide to Accessing Free Wi-Fi Anywhere You Go

In today’s digital age, staying connected is crucial, whether you’re travelling, working remotely, or exploring new places. Free Wi-Fi offers a convenient and cost-effective way to access the internet, communicate,…

Read more

Continue reading
Check out the reasons why your Wi-Fi network is slowing

Is your internet speed slow on Wi-Fi? From network congestion to router position, here are some reasons why you might not be getting full-speed on your wireless connection. While your…

Read more

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

ECG Raids Katakyie Afrifa’s Residence Over Alleged Illegal Electricity Connections

  • By djfly
  • June 19, 2025
  • 20 views
ECG Raids Katakyie Afrifa’s Residence Over Alleged Illegal Electricity Connections

Government Shuts Down Wontumi FM, Asaase Radio, and 60 Other Stations for Regulatory Breaches

  • By Gossip
  • June 12, 2025
  • 9 views
Government Shuts Down Wontumi FM, Asaase Radio, and 60 Other Stations for Regulatory Breaches

Understanding the Rejection of Kennedy Agyapong’s $20m Property by EOCO

  • By Gossip
  • June 9, 2025
  • 11 views
Understanding the Rejection of Kennedy Agyapong’s $20m Property by EOCO

Unraveling the GH₵50 Million Controversy: Wontumi’s Response

  • By Gossip
  • June 8, 2025
  • 19 views
Unraveling the GH₵50 Million Controversy: Wontumi’s Response

I’ve Been Quietly Cooperating with NIB” – Dr. Opoku-Prempeh

  • By Gossip
  • June 4, 2025
  • 15 views
I’ve Been Quietly Cooperating with NIB” – Dr. Opoku-Prempeh

Ghana’s Ambulance Scandal: Ken Ofori-Atta Faces Interpol Red Notice

  • By djfly
  • June 2, 2025
  • 23 views
Ghana’s Ambulance Scandal: Ken Ofori-Atta Faces Interpol Red Notice