Get the latest tech news
World’s largest iPhone factory loses momentum amid supply chain diversification away from China
The world’s largest iPhone factory, in the central Chinese city of Zhengzhou, is offering bonuses to attract workers for its busy season, but the facility has lost momentum since the Covid-19 unrest in late 2022.
The Foxconn Technology Group compound in Zhengzhou, capital of central Henan province, is closely watched as a gauge of whether China can maintain its role in the global supply chain. In a statement issued to the Post on Tuesday, the company said it has invested a lot in automation and digitalisation that has “improved efficiency and production”, adding that “quality, not just quantity, of employment is an important gauge of staying competitive and moving up the value chain.” When Foxconn’s chairman visited Zhengzhou in July, he said the company “attaches great importance to cooperation with Henan” and promised to “continuously be deeply rooted” in the province.
Or read this on r/technology
