Apple supplier Foxconn reports that it is working to reduce its reliance on its parent firm's home country of China, and will diversify future production. A Foxconn facility Foxconn, which is Apple's major supplier for the iPhone, is based in Taiwan. But it is owned by Chinese firm Hon Hai Precision Industry Co. In announcing its latest Q4 earnings that showed a drop in profits, the firm says it is working to expand away from China.
Apple supplier Foxconn reports that it is working to reduce its reliance on its parent firm's home country of China, and will diversify future production. A Foxconn facility Foxconn, which is Apple's major supplier for the iPhone, is based in Taiwan. But it is owned by Chinese firm Hon Hai Precision Industry Co. In announcing its latest Q4 earnings that showed a drop in profits, the firm says it is working to expand away from China.
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