Foxconn's OEM business has always been rooted in the mainland, which is the largest consumer market because of its abundant labor resources and relatively low employment costs. Foxconn's main business is in the mainland, which in itself is very beneficial to Foxconn. Plus A-share technology stocks have been good, which is exactly what Foxconn needs.
At present, Foxconn's main business is OEM, which is also the main business of Hon Hai Precision. Hon Hai Group has long put Foxconn's OEM business in the mainland, where the production line is more complete, there are more human resources, lower operating costs and lower labor costs. This is one of them.
Hon Hai's future core strategy is Industrial Fulian, which is the most important part of Foxconn's future core competitiveness. Although OEM is Foxconn's main business, Foxconn will have to rely on industrial Fulian to form its core advantages in the future. Foxconn Industrial Internet Co., Ltd., shouldering the heavy responsibility of Foxconn's competitiveness, has just chosen to be listed on the A-share market and is in the world's largest growing consumer market. Naturally, this is good for Foxconn.