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Why Taiwan's Foxconn, an iPhone supplier, is investing in Texas and Thailand

Economic TimesEconomic Times · 25d
Why Taiwan's Foxconn, an iPhone supplier, is investing in Texas and Thailand

Taiwanese electronics manufacturer Foxconn is expanding its operations outside of China by investing millions of dollars in factories and land in countries like India, Mexico, and Thailand. This move is aimed at reducing their dependence on China and preparing for potential tariffs imposed by President-elect Donald Trump. Foxconn's global expansion would help insulate the company from the impact of these tariffs. However, replicating its manufacturing model outside of China could prove challenging, as the country has provided years of government-backed infrastructure investment. Additionally, Foxconn has a history of making investment promises that don't materialize in some instances.

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