A widely known Taiwanese company in the contract electronics manufacturing sector, Foxconn has presented its expectations for the future. The company, which is the largest in the world in the field of contract electronics manufacturing, suggests that in the coming year, the consumption of netbooks, notebooks, and other digital technology will sharply increase.
The main costs in Chinese enterprises will also rise; however, Foxconn aims to mitigate this impact by relocating parts of production to other territories. "We see an increase in labor costs in China, and we know this is a problem that needs addressing," noted the representative of the company.
Foxconn plans to increase capital investments and introduce new technologies at its facilities for more effective production. The company is also actively seeking new opportunities for diversifying its business and increasing overall profitability in the face of changing global economic conditions.
"We continue to monitor the situation and implement measures to ensure the stability of production and business as a whole," emphasized the representative of Foxconn.
