Foxconn eyes factories in US, Indonesia as China's lustre fades
TAIPEI (REUTERS) - Taiwan's Foxconn Technology Group, the major supplier of Apple Inc's iPhones and iPads, may build high-tech factories in the United States and low-cost plants in Indonesia as the appeal of 'made in China' fades into a burden.
Beset by rising costs and labour unrest in China, Chairman Terry Gou told employees on Sunday that Foxconn is considering diversifying away from its manufacturing heartland.
The world's largest contract maker of electronic goods has little choice if it's to protect margins and stay ahead of peers who have adapted the Foxconn playbook into their own success stories.
"The US is a must-go market," said Mr Gou, speaking at the group's annual party on Sunday to mark the end of the Chinese year.