Older iPhone models are already being produced at a facility
Mar 14, 2024 0:18:00 GMT -5
Post by account_disabled on Mar 14, 2024 0:18:00 GMT -5
After the trial period, Foxconn plans to move its large-scale production to a plant in Chennai, India . In December, Reuters also reported that Foxconn was considering building a factory in Vietnam, in anticipation of a trade war scenario. Foxconn has also planned to open facilities in the United States, in Wisconsin, where it would produce liquid crystal for phone screens. It would involve hiring 13,000 people. The company almost scrapped the plan after criticism the idea sparked, much of it focused on environmental risks and skepticism that so many jobs would be created.
However, the project survived after Gou spoke with President Trump, according to Reuters . The plant could be ready by 2020, reports The Associated Press . But moving production off-site will not be an easy task SW Business Directory for Foxconn, considering the logistics and costs involved. Read more: This 18-year-old Galician has had to open crowdfunding to be able to accept a scholarship at the university where Steve Wozniak studied Foxconn's flagship plant in mainland China is so large that it is sometimes known as " Foxconn City ," and the manufacturer employs 1.3 million people.
There, according to an excerpt published in The Guardian from Brian Merchant's book , The One Device: The Secret History of the iPhone. Daniel Ives, the managing director of investment research for WedBush Securities, says Apple could move 5% to 7% of production of some iPhone models to India in the next 12 months in a best-case scenario. "Apple made a big bet on placing iPhone production in China and at Foxconn," he told Business Insider . "It's like General Motors or Ford suddenly saying they're moving out of Detroit." Analysts have previously indicated that trade tensions between the US and China could affect iPhone production. In May, a team of Morgan Stanley analysts led by Katy Huberty warned that production of the iPhone XS could become more expensive as a result of Donald Trump's recent tariff increase.