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Text: Matthew Fulco Translated by: Wang Guozhong old picture restoration Domestic competition has become increasingly fierce and geopolitical risks have continued to rise, making this China-dependent electronics foundry leader encounter an unprecedented crisis. Hon Hai Technology Group, also known as "Foxconn", is China's largest private company and has long used China as its main production base. In 2018, half of the world's iPhones were assembled by Foxconn at a large factory in Henan province. In recent years, however,
Chinese manufacturers have aggressively entered Apple's supply chain dominated by Taiwan, especially Foxconn. According to Nikkei Asia, the number of Apple's Chinese suppliers surpassed Taiwan's 48 for the first time in 2020 with 51. "The Chinese manufacturer Luxshare has been Foxconn's strongest competitor in Apple's supply chain," said Rachel Liao, senior industry researcher at the Market Intelligence & Consulting Institute, a semi-official organization. The proportion of electronic components in Watch is expected to continue to increase in the next few years.” For example, Luxshare is responsible for the production of AirPods, and they also received 3% of iPhone 13 Pro assembly orders in 2021, and the order ratio is expected to increase to 5% in 2022.