Foxconn Chairman: "No Plans to Move Apple Supply Chain Outside China"

Foxconn Chairman Liu Yangwei, from the Taiwanese company that partners with Apple, stated that there are no plans to relocate the supply chain outside mainland China.

According to local media including China's state-run Global Times, Chairman Liu made these remarks on the 28th during a panel discussion related to the revival of Asian manufacturing at the Tianjin Summer World Economic Forum (WEF) Annual Meeting (Summer Davos Forum). He explained, "Compared to the limited resources of the primary industry and the uncertainties of the tertiary industry, the secondary industry, which includes processing and manufacturing, plays an irreplaceable and important role in economic growth," adding, "It is a key driver for increasing resource utilization, creating jobs, and building a stable and prosperous society."

[Image source=Reuters Yonhap News]

Chairman Liu further emphasized, "China is now the world's largest manufacturing base, and Asia has the potential to establish a regional manufacturing system," highlighting that Foxconn's next core sector is the new energy vehicle industry. In this regard, he introduced the company's '3+3 Strategy,' explaining, "Electric vehicles, digital health, and robotics are three future industries supported by three core technologies: artificial intelligence (AI), semiconductors, and future communications."

Earlier, some foreign media reported that Apple's next iPhone 15 series, scheduled for release in September this year, will begin mass production at the end of this month, with Foxconn, as Apple's largest partner, accounting for 60% of the total production volume. Chairman Liu has also visited Foxconn factories in Zhengzhou and Chengdu multiple times since the beginning of this year.

The Global Times reported that Foxconn has decided to provide a recruitment incentive of 3,500 yuan (approximately 630,000 KRW) starting from the 29th of last month to hire more employees. Additionally, a recruitment notice on the 26th stated that former employees returning to the assembly line during the peak season will receive a bonus of 8,000 yuan.

This content was produced with the assistance of AI translation services.