{"id":98307,"date":"2020-10-26T17:43:24","date_gmt":"2020-10-26T14:43:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/apples-big-supplier-foxconn-faces-china-based-rival-to-make-iphones\/"},"modified":"2020-10-26T17:43:24","modified_gmt":"2020-10-26T14:43:24","slug":"apples-big-supplier-foxconn-faces-china-based-rival-to-make-iphones","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/apples-big-supplier-foxconn-faces-china-based-rival-to-make-iphones\/","title":{"rendered":"#Apple’s big supplier Foxconn faces China-based rival to make iPhones"},"content":{"rendered":"

“#App<\/a>le’s big supplier Foxconn faces China-based rival to make iPhones<\/strong>”
\n<\/p>\n

\n Apple\u2019s top iPhone maker has a major competitor on its heels \u2014 and it\u2019s based in China.<\/p>\n

Taiwan-based Foxconn \u2014 which has long been the go-to manufacturer for generations of iPhones \u2014 has set up a task force to fend off the growing threat from China\u2019s Luxshare, according to a report.<\/p>\n

Foxconn founder Terry Gou is personally spearheading the project, Reuters reported, as Luxshare is poised to become the first mainland China-headquartered company to assemble iPhones.<\/p>\n

Gou\u2019s task force is specifically looking into whether Luxshare \u2014 which was best known for making Apple\u2019s AirPods and currently only brings in 5 percent of Foxconn\u2019s revenue \u2014 is being boosted by the Chinese government.<\/p>\n

While the US-China trade war and the coronavirus have intensified pressure on global supply chains, an increasingly acrimonious tech feud between the countries has also prompted Beijing to boost its tech sector \u2014 and Luxshare\u2019s growth trajectory fits into that mould.<\/p>\n

\u201cLuxshare is set to rise,\u201d one source with knowledge of the situation told Reuters, calling it \u201cjust a matter of how fast it could be.\u201d<\/p>\n

Luxshare in July acquired two smaller factories belonging to Taiwanese iPhone assembler Wistron in China. The deal could help Luxshare capture up to 30 percent of iPhone production within the next five years, according to Fubon Research.<\/p>\n

One of the sources called it a \u201cformidable opponent\u201d, and said Foxconn has been conducting extensive research on Luxshare, aiming to \u201cdefeat it completely.\u201d<\/p>\n

Reuters also reported that Luxshare had been actively poaching from Foxconn. In one case, Luxshare offered $75,000 cash as a relocation subsidy for a senior Foxconn employee to move family from Taiwan to China.<\/p>\n

David Collins, a manufacturing consultant based in Taipei and Kunshan, says that Chinese firms see a prime opportunity to attack.<\/p>\n

\u201cFoxconn\u2019s share price is down roughly 50 percent from two years ago,\u201d he said. \u201cThey see blood in the water.\u201d<\/p>\n

With Post wires. <\/em>\n <\/div>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Apple’s big supplier Foxconn faces China-based rival to make iPhones” Apple\u2019s top iPhone maker has a major competitor on its heels \u2014 and it\u2019s based in China. Taiwan-based Foxconn \u2014 which has long been the go-to manufacturer for generations of iPhones \u2014 has set up a task force to fend off the growing threat from…<\/p>\n","protected":false},"author":1,"featured_media":98308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/Foxconn-logo.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[77174,77217,5029,5030,73760],"class_list":["post-98307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-26-20","tag-airpods","tag-apple","tag-iphone","tag-manufacturing"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/98307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=98307"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/98307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/98308"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=98307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=98307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=98307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}