iPhone Makers Foxconn And Pegatron To Expand Production Capacity In Southeast Asia This Year: R

The iPhone maker’s largest contract manufacturers and partners, Foxconn Technology Group and Pegatron Corp. of Taiwan, have announced plans to expand production capacity outside of China in the wake of the tense geopolitical situation and uncertainty. has included Southeast Asia in its expansion plans. 2018, a Bloomberg report said.

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“We continue to scale in mainland China, the Americas and Southeast Asia, and these efforts will blossom in 2023,” Young Liu, chairman of Foxconn’s flagship division, Hon Hai Precision Industry, told Bloomberg. said the following: Company event on Sunday.

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In a similar attempt to expand production capacity outside of China, Pegatron, another key contract iPhone maker, has allocated $300 million to $350 million in capital expenditures in 2023, with some plans to expand production capacity in Southeast Asia and increase production of auto parts in Mexico.

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The development comes amid Apple’s plans to transition from Samsung and LG to create their own custom displays for their devices by 2024 at the earliest. 2024, Bloomberg recently reported. This is Apple’s attempt to reduce its reliance on display technology partners such as Samsung and LG and introduce more in-house components.

Meanwhile, Taiwan Semiconductor Manufacturing Company Limited, commonly known as TSMC, one of Apple’s major iPhone makers, announced plans to more than triple its planned investment in a new chip manufacturing plant in Arizona, USA to $40 billion. Did. The largest foreign investment in US history.

Earlier in November 2022, Apple said it planned to use chipsets from its Arizona, USA factory from 2024. China. The tech giant also plans to source chips from Europe in the future.