3 ms·
Taiwanese companies run most of the major hightech manufacturing in China. For example, Foxconn is a taiwanese company. Most of my dealings with these types of
by gpapilion 3y ago
Taiwanese companies run most of the major hightech manufacturing in China. For example, Foxconn is a taiwanese company. Most of my dealings with these types of manufactures has been in discussions of how to circumvent tariffs, not in really exiting manufacturing in the mainland.
When I look at what occurring, I think it has more to do with their cheapest labor force is in China. So the scale and profit is hard to leave.
- aswanson 3y agoThe Chinese labor force has been reaching parity recently. Hence pushes into Vietnam & India for manufacturing.
- alephnerd 3y ago> Hence pushes into Vietnam & India for manufacturing. Doesn't help Taiwanese companies long term. They had an advantage in Mainland China being Chinese speaking. Already in India, Tata is becoming the Indian version of Foxconn for most manufacturers and VinGroup or Korean Chaebols like Lotte (SK has a FTA with Vietnam) the Vietnamese version of Foxconn in Vietnam. While South Korean and Japanese companies were actively de-risking in China by returning to ASEAN+India in the early-mid 2010s, Taiwanese companies only began doing this in the late 2010s after the 2015-16 recession.