China has been the best country to manufacture goods for a low price, while still delivering quality products. However, it seems that Foxconn believes that China will stop being the world’s manufacturing epicenter, as the US-China trade war will drive several companies out of Chinese territory.

The US-China trade war has made Foxconn take precautions, and it has already started to move some of its iPhone production to India. It has also begun to work towards building a new factory in US soil. Now, according to a new report from Bloomberg, Foxconn’s chairman Young Liu says that China’s “days as the world’s factory are done.” And that “No matter if it’s India, Southeast Asia or the Americas, there will be a manufacturing ecosystem in each.”

The company’s manufacturing capacity outside of China has grown to 30 percent of its total, from 25 percent in June. The company could also be trying to get more workers to focus on the iPhone 12 production, even though Apple has already announced that its new lineup will be delayed.

Source MacRumors

Via Bloomberg

You May Also Like
OnePlus Nord N
Two budget OnePlus Nord phones make their way to Europe and North America
The company said it will share pricing and availability for North America at a later date.
iPhone 12 Mini
iPhone 12 series has leaked in full hours before Apple’s launch. Take a look!
In addition to the iPhone 12 family, leakster Evan Blass has also shared renders of the upcoming HomePod Mini smart speaker.
iPhone 12 Pro Max battery
iPhone 12 Pro Max packs a smaller battery than the iPhone 11 Pro Max
The iPhone 12 Pro Max packs a 3,687mAh battery.