Major Apple assembler Foxconn ramps up investment outside China

Foxconn, which assembles around 70% of Apple’s iPhones, has been diversifying production away from CCP-controlled China, whose quixotic “Zero-COVID” lockdowns and restrictions disrupted its “iPhone City” plant last year. The company also seeks to avoid a potential hit to its business from mounting trade tensions between Beijing and Washington.
The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is dis