Where does your Iphone come from? The Foxconn Technology Group

Reference Article: The Man Who Makes Your Iphone by Frederik Balfour and Tim Culpan

Tyrangiel Discusses Outlook for Foxconn, Terry Gou: Video

* The video start off by giving news about Foxconn suicides but the second half of the discussion is great introducing the company.

Apple Iphone, Nintendo DS and Acer notebook….. doesn’t it sound familiar? Everyday, we use and encounter various technological gadgets. All these well-known brands such as Apple, Acer, HP, Dell and Intel are all clients of Foxconn Technology Group. Foxconn is the world’s largest maker of electronic components including printed circuit boards. The company satisfies the demand of North American, European and Japanese firms who wish to produce electronics at reduced cost without sacrificing quality.  The company is founded in Taiwan in 1974 and continues to grow as it received more order of electronic goods globally.

Foxconn is certainly an entrepreneurial company for its new production method, market and products. In 2014, Foxconn is projected to implement one million robots in production line to reduce increasing labor cost. It also foresees the large demand of electronic products around the world; by producing durable and high-quality electronic core components in Asia, Foxconn is able to offer manufacturing service to companies such as Apple at lower price by internally control the cost of labor due to economies of scale. Finally, Foxconn holds more than 200 patents globally. With innovations, the company can create newer and more desirable electronics in future.

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