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Thread: China's days as world's factory are over, iPhone maker says

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    Default China's days as world's factory are over, iPhone maker says

    This is actually very good news for the world, and well overdue. Shame that it took an epidemic to initiate it.

    China's days as world's factory are over, iPhone maker says



    A key supplier to Apple and a dozen other tech giants plans to split its supply chain between the Chinese market and the US, declaring that China’s time as factory to the world is finished because of the trade war.

    Hon Hai Precision Industry Chairman Young Liu said it’s gradually adding more capacity outside of China, the main base of production for gadgets from iPhones to Dell desktops and Nintendo Switches.

    The proportion outside the country is now at 30 percent, up from 25 percent last June.That ratio will rise as the company -- known also as Foxconn -- moves more manufacturing to Southeast Asia and other regions to avoid escalating tariffs on Chinese-made goods headed to US markets, Liu told reporters after his company reported financial results.

    “No matter if it’s India, Southeast Asia or the Americas, there will be a manufacturing ecosystem in each,” Liu said, adding that while China will still play a key role in Foxconn’s manufacturing empire, the country’s “days as the world’s factory are done.”

    Intensifying trade tensions between Washington and Beijing have pushed device manufacturers to diversify their production bases away from China, and Liu last year said that Apple’s most prized product, the iPhone, can be made outside China if needed.

    The two nations remain in trade talks, but Liu’s comments affirm a growing expectation that the China-centric electronics supply chain will fragment over the longer term. (Bloomberg)

    http://m.koreaherald.com/amp/view.php?ud=20200812000907

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    Quote Originally Posted by Grajonca View Post
    This is actually very good news for the world, and well overdue. Shame that it took an epidemic to initiate it.

    China's days as world's factory are over, iPhone maker says



    A key supplier to Apple and a dozen other tech giants plans to split its supply chain between the Chinese market and the US, declaring that China’s time as factory to the world is finished because of the trade war.

    Hon Hai Precision Industry Chairman Young Liu said it’s gradually adding more capacity outside of China, the main base of production for gadgets from iPhones to Dell desktops and Nintendo Switches.

    The proportion outside the country is now at 30 percent, up from 25 percent last June.That ratio will rise as the company -- known also as Foxconn -- moves more manufacturing to Southeast Asia and other regions to avoid escalating tariffs on Chinese-made goods headed to US markets, Liu told reporters after his company reported financial results.

    “No matter if it’s India, Southeast Asia or the Americas, there will be a manufacturing ecosystem in each,” Liu said, adding that while China will still play a key role in Foxconn’s manufacturing empire, the country’s “days as the world’s factory are done.”

    Intensifying trade tensions between Washington and Beijing have pushed device manufacturers to diversify their production bases away from China, and Liu last year said that Apple’s most prized product, the iPhone, can be made outside China if needed.

    The two nations remain in trade talks, but Liu’s comments affirm a growing expectation that the China-centric electronics supply chain will fragment over the longer term. (Bloomberg)

    http://m.koreaherald.com/amp/view.php?ud=20200812000907
    Nonsense....Trump is not going to be allowed to win and the DNC is clearly in bed with China. Also Europe will do as China demands.
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    Quote Originally Posted by Hawkeye10 View Post
    Nonsense....Trump is not going to be allowed to win and the DNC is clearly in bed with China. Also Europe will do as China demands.
    LOL, so you know more than the CEO of Foxconn!

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    Quote Originally Posted by Grajonca View Post
    LOL, so you know more than the CEO of Foxconn!
    Apparently.
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    Quote Originally Posted by Hawkeye10 View Post
    Apparently.
    Well then you're deluded, Foxconn employs over 800,000 worldwide how many do you employ? From Wiki.

    Hon Hai Precision Industry Co., Ltd., trading as Foxconn Technology Group and better known as Foxconn, is a Taiwanese multinational electronics contract manufacturer with its headquarters in Tucheng, New Taipei City, Taiwan. Today, it is the world's largest provider of electronics manufacturing services[3] and the third-largest technology company by revenue.[4] The company is the largest private employer in Taiwan[5] and one of the largest employers worldwide.[6][7] Its founder and chairman is Terry Gou.

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    China is the next lone superpower, and they make sure China comes first...... they now make 35% of the stuff that humans make and that number will be going up not down because they need to supply work to their people.....for many reasons not all of which are financial. Has anyone noticed how much effort they are putting into nailing down resources, resources that only they and their friends will get because that is how the Chinese operate? As Western Civilization melts down and our countries increasingly dont work who here thinks people who make things will want to make things in the West? There is only chaos now, who ever knows what tomorrow will look like, how much worse can the political class get for instance? Then there is all of this global warming nonsense which these knuckleheads let get in the way of basic sound operation of a society, Germany shutting down nuclear and going for wind power is just one example.....a complete disaster in part because it fucks with the needs of manufacturers who need a reliable source of electricity...you know....common sense 101.

    Chinese manufacturing is going nowhere, because winners win.
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    Quote Originally Posted by Hawkeye10 View Post
    China is the next lone superpower, and they make sure China comes first...... they now make 35% of the stuff that humans make and that number will be going up not down because they need to supply work to their people.....for many reasons not all of which are financial. Has anyone noticed how much effort they are putting into nailing down resources, resources that only they and their friends will get because that is how the Chinese operate? As Western Civilization melts down and our countries increasingly dont work who here thinks people who make things will want to make things in the West? There is only chaos now, who ever knows what tomorrow will look like, how much worse can the political class get for instance? Then there is all of this global warming nonsense which these knuckleheads let get in the way of basic sound operation of a society, Germany shutting down nuclear and going for wind power is just one example.....a complete disaster in part because it fucks with the needs of manufacturers who need a reliable source of electricity...you know....common sense 101.

    Chinese manufacturing is going nowhere, because winners win.
    I agree we are all fucked if Biden and Kumala get in, hopefully that won't happen.

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    intensifying trade tensions between Washington and Beijing have pushed device manufacturers to diversify their production bases away from China, and Liu last year said that Apple’s most prized product, the iPhone, can be made outside China if needed.

    The two nations remain in trade talks,
    if Biden gets in, all this is GONE

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    Quote Originally Posted by Hawkeye10 View Post
    Nonsense....Trump is not going to be allowed to win and the DNC is clearly in bed with China. Also Europe will do as China demands.

    your drugs are making you delusional

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