Foxconn changes his tone. After assuring that it would be little affected by the shortage of semiconductors because it supplies large customers, it finally recognizes that its deliveries will be reduced by 10%. This means that even the Big Techs, like Apple, Amazon, Google, Microsoft or HP, have failed to fully secure their supplies.
A complicated situation until 2022
“We started to see changes happening this month”Foxconn chairman Young Liu said in a presentation of the company’s financial results on Tuesday. This Taiwanese industrial group is the main manufacturer of iPhones. The shortage is expected to last at least until the second quarter of next year, according to its leader.
A rise in electric power
Foxconn also detailed its plans for electric vehicles. He plans to invest a billion dollars with partners in a construction plant. Two sites are planned in North America and Mexico. The goal is still to assemble a first electric vehicle with the American start-up Fisker by the end of 2023.
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Foxconn finally says its hardware and software platform launched to help automakers go electric is enjoying great success. It has already attracted 1,350 partners.
Source: Nikkei Asia