Today's financial affairs
2022-October 30
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As the epidemic breaks out further, many foreign countries have experienced out-of-control situations. The most serious one is the epidemic in India. The epidemic in India not only puts the lives of the Indian people in dire straits again, but also affects the once famous in China and then shifts the center to the Foxconn . So what is the current situation of Foxconn?
1, Termine Gou 's history of making a fortune
Termine Gou was born in 1950 and his hometown is in Taiwan, China. In 1966, Terry Gou entered Taiwan's China Maritime College. After serving in the military, Terry Gou became a salesperson at Fuxing Shipping Company.
Terry Gou is very hardworking and very clever in his work, so his work performance has always been excellent. The young Terry Gou looked very handsome and eloquent, which quickly attracted the attention of Lin Shuru, the daughter of Hong Kong rich man , Lin Baixin, and .
The two quickly fell into a passionate love, and even after their family members opposed it, Lin Shuru insisted on marrying Guo Taiming. After getting married, Terry Gou made up his mind to do something and live up to his wife's trust in him.
From 1973 to February, Guo Taiming invested 100,000 NT$2 NT$3 and his friends founded Hon Hai Plastic Enterprise Co., Ltd. in Taipei County to produce plastic products. There is no smooth sailing in business, especially the beginning is very difficult. So when Terry Gou first started his business, he not only failed to make a name for himself, but instead lost all his hundreds of thousands of yuan. In less than a year, this company became a wholly-owned company of Terry Gou.
His wife Lin Shuru did not choose to complain, but instead looked for a way to solve Guo Taiming's dilemma. She chose to take the initiative to find her father Lin Baixin and borrowed 700,000 yuan to support Guo Taiming's business. This time, Terry Gou finally failed his wife's expectations.
was very popular in the 1970s black and white TV , which also made Terry Gou discover new business opportunities. He began to produce black and white TVs with a TV selection button. It is precisely because of this business that Terry Gou's business finally improved and then gradually became prosperous. Guo Taiming's company received the order.
Then Terry Gou further expanded his business. Not only did domestic customers start to buy the platform selection button from Terry Gou's company, but many European and American countries also began to place orders at Terry Gou's company.
In 1982, Terry Gou, who has a unique vision, changed his company and officially entered the computer industry. Later, Terry Gou established a branch in the United States, and the name of this branch is Foxconn, which is currently familiar to the public.
2. Foxconn factory center of gravity shifted
In 1993, Terry Gou seized the opportunity of further promoting the reform of the mainland economic system and purchased a mountain in Longhua Town, Shenzhen, and established the Foxconn Longhua Industrial Park, which is very familiar to people today. Finally, Terry Gou established Foxconn's OEM base in other cities.
It is precisely because of the support of national policies that Terry Gou’s Foxconn’s business has become increasingly large, providing a large number of jobs for the Chinese market. When people talk about Foxconn's OEM products, the first thing they think of is Apple . As Foxconn becomes more and more famous, many brands have begun to cooperate with it.
When Foxconn first cooperated with Apple, Apple had not yet set the myth of today, and its main products were computers and tablets. At that time, Apple's sales were far less brilliant than they are now, and its own company could not bear such heavy operating burden. So after some thought, the Cook , which was responsible for outsourcing solution design, chose to cooperate with Foxconn.
Since then, Foxconn and Apple have become grasshoppers on a tree. After Apple's iPod launched in 2001, its sales have also soared since then. At this time, Foxconn, which worked closely with Apple, also made a lot of money.By 2014, Apple's orders accounted for 1/2 of Foxconn's total revenue.
It can be said that Foxconn is now closely connected with Apple. It is precisely because he has too strong reliance on Apple that Terry Gou has always followed Apple's pace with Foxconn. With the further development of the economy in China's mainland, various costs such as employment costs have grown very quickly.
At this time, Apple called on Terry Gou to shift the focus of the OEM factory to Southeast Asia. So in 2015, Foxconn announced a US$5 billion investment in India to establish an electronic equipment manufacturing base. The plan was officially implemented in 2018. In 2020, Apple decided to move China's production lines out.
. Guo Taiming followed Apple's instructions and ran to India to invest another $1 billion to build Apple's production line. Subsequently, in order to cooperate with the US strategy, Foxconn unilaterally stopped its cooperation with Huawei and no longer carried out product OEM for Huawei.
Many people are very angry about the choice Gou made. After all, Foxconn still has a lot of influence in China. Many people began to scold Terry Gou and asked him to get out of China. Of course, Terry Gou didn't care about this and still left the Chinese market without hesitation and went to India. Is Foxconn really going so smoothly?
3. Return to China to recruit workers
Although India has a lot of labor, Indians are lazy by nature. Not only is it not that exquisite in terms of craftsmanship, but it is also not as willing to work overtime like the Chinese. Once they work for a long time, they will hold a protest, which seriously affects production efficiency. At the same time, due to the in India's caste system, the problem of employee wages has become a big problem.
As the epidemic in India has become more and more serious in recent years, Foxconn in India has also been forced to stop its business due to the excessive number of infections inside the factory.
combined with these factors, Foxconn's business in India suffered heavy losses. Fortunately, Foxconn's factory in China is still operating smoothly, which has greatly reduced its losses.
It was also at this time that Terry Gou began to invest heavily in the Chinese market and returned to China after going around in circles. However, it is very difficult to come back easily when going out. Today, Foxconn has become a company that Chinese people have sneered at.
Even so, Terry Gou is still very tough, and even repeatedly publicly criticized the young people today for not willing to work in factories on the Internet. Has Terry Gou been so stubborn that he has made Foxconn successful? No, Foxconn's development is obviously at its end, and recruiting workers in the mainland is becoming increasingly difficult. Guo Taiming himself knew the reason for this ending.
summary
Terming Gou used to develop step by step with the national policies, but now he forgets his foundation and is willing to obey the command of the United States. There are all kinds of human nature, and it is the most hateful to forget your roots. Terry Gou can also be said to be self-inflicted.
once took the initiative to give up the Chinese market. Nowadays, there are various OEMs in the Chinese market, and Foxconn no longer has such great influence in China. It can be said that it is easy to go out and come back now. Do you think it is right?
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