Foxconn officially announced it seeks to expand its operating in North America as the company is seeing increased interest in products that are Made in the USA. The company refused to discuss individual clients or specific plans, but with Apple announcing yesterday that it plans to invest $100 million in US production capacity it's pretty clear that these two announcements are linked. At present, Foxconn employs 1.6 million workers around the world, with more than 1.5 million of them making products at factories scattered around China.
Apple, the world’s most valuable company and Foxconn’s biggest client, plans to spend more than $100 million next year on building Mac computers in the U.S., Chief Executive Officer Tim Cook said in a Bloomberg Businessweek interview published yesterday. Foxconn, based in Taipei, has 1.6 million workers globally, including factories in California and Texas that make partially-assembled products such as servers, Woo said.
“Supply chain is one of the big challenges for U.S. expansion,” Woo said. “In addition, any manufacturing we take back to the U.S. needs to leverage high-value engineering talent there in comparison to the low-cost labor of China.”
Foxconn Chairman Terry Gou, who founded the maker of iPhones, iPads, PlayStations and televisions in Taipei 38 years ago, wants to bring U.S. engineers to Asia to train them in manufacturing before deploying them back home, he said at a forum last month.