Part 7/11:
At the heart of Foxconn’s decision-making seems to be an urgent need to reevaluate its global strategy. The ongoing US-China trade tensions and tariffs imposed during previous administration policies have prompted Foxconn to reduce reliance on manufacturing within China. Recent reports reveal that Foxconn plans to invest approximately $30 billion globally to establish production facilities outside China, targeting regions like the United States, India, Mexico, and Vietnam.