Major Apple Manufacturer Foxconn Plans To Invest in Mexico To Improve Supply Chain In The US

Foxconn, one of the largest manufacturers for iPhones, is a growing entity. Ever since the trade war between China and the US, there have been disruptions in the tech world. Not to mention, manufacturers are facing backlashes as well. This is because China is notorious for leaking information. Thus: Chinese made products, although quite popular in the rest of the world, aren’t quite welcomed in places like the United States.

A recent report from Reuters, as communicated on The Verge, talks about certain future plans the company has. According to the article, the company plans to invest in the Mexican market, which would open up quite a lot of avenues for shorter supply chains. The pandemic has shown us that shorter supply chains are the way to go for a bit. Foxconn recently spent more than a billion dollars in the Indian market, opening up factories. This was part of Prime Minister Modi’s campaign for the country to locally produce products. Now, Foxconn claims to be making flagship iPhones in India. The company aims to do this in Mexico as well.

According to the article, they already have a couple of factories in Mexico. This would only allow the company to actually have a better supply chain in the American market. They plan to invest in it, in time to actually manufacture the next iPhones. This would dramatically cut the cost of transporting those devices and further cut it with all the separate items being paired together. Although this does seem like a longshot in the pandemic, it may be true. After all, Mexico and the USA, in general, have reported the majority of COVID-19 cases in the entire world!

Sarmad Burki
Sarmad Burki is a Mathematician and a Economist with a passion for all things gaming and tech. His academics and professional experience combined with tech and gaming adds to his skills giving him a unique ability to observe the tech and gaming industry from various prespectives.

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Major Apple Manufacturer Foxconn Plans To Invest in Mexico To Improve Supply Chain In The US

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