The pace of business transformation in Foxconn

Absrtact: The global electronics foundry giant Foxconn is also taking steps to accelerate its investment in the mainland. Following this year's layout of Guizhou and Anhui and other land, October 25, Foxconn and Shandong Province signed the relevant agreement, its two investment projects landed in Shandong Mint

The global electronics generation giant Foxconn is also taking steps to transform its business as it accelerates mainland investment.

Following this year's layout of Guizhou and Anhui and other land, October 25, Foxconn and Shandong Province signed the relevant agreement, its two investment projects landed in Shandong Heze and Linyi. According to local media reported in Shandong, Linyi Gold Machine Trade City project investment of 3 billion yuan.

In response, Foxconn has not responded much, only to the "First financial daily" reporter said all the main announcements. Prior to Foxconn insiders to reporters that the electronic manufacturing has been to a meager profit era, Hon Hai will pay more attention to the distribution market layout, Linyi Gold Machine Trade City representative of the trade direction will be the focus.

According to the information published by the Shandong provincial government website, Foxconn and the local cooperation of two projects, namely, the Heze City Industrial Park and Linyi Gold Machine Trade City project, the former mainly engaged in electronic and related product production, research and sales, the latter is a robot and automation, precision machining equipment, molds and accessories and other products display, International trade, E-commerce, logistics and distribution in one of the world trade city.

August 16, 2013, Foxconn president Terry Gou traveled to Linyi, China's northern international hardware City field visit. It is reported that Gou's visit is mainly to see the local logistics environment, and hope to develop their own led industry and E-commerce.

And Linyi's project, is mainly engaged in precision 0 components of the design and development of manufacturing, sales, trading, leasing and maintenance services, the future will take electronic materials "before shop after the factory" sales model.

As early as March this year, Foxconn announced plans to increase investment in mainland China, which is more closely related to the gold machine trade city in Linyi, Shandong province, as well as the investment of technology and Fu Carpenter Robotics technology.

It is said that the investment of gold machine trade city involves 42 million U.S. dollars, mainly engaged in the design and development of precision 0 components manufacturing, sales, trading, leasing and maintenance services, the future will take the electronic materials "before shop after the factory" sales model. It is widely believed that the gold machine trade city and Foxconn's electric Dealer website "Rich Gold Machine Network" work together, by the gold-rich machine network for the promotion of virtual power channels, and the gold machine trade City as an entity to support the channel. Combined with Hon Hai in precision 0 components on the existing research and development, design and mold production advantages, engaged in business-oriented integration of the actual situation.

There are Foxconn insiders to explain to reporters, in fact, is the use of Hon Hai's existing power channel resources and partner channels, the gold machine trade City Products "Landing", direct step to the hands of buyers.

But according to the reporter understands, at present Foxconn's electricity merchant besides "the rich link net" outside, other electric dealer's layout still did not have much improvement.

According to local media reports in Shandong province, before and after the signing of the agreement, Mr. Gou also had a dialogue with the top leaders in Shandong province, explaining the next step of Foxconn's "transformational" target. He said that the future development of Foxconn will shift from manufacturing to artificial intelligence, large data, cloud and other emerging industries, in the information consumer industry, E-commerce, finance and other fields to increase research and development, so as to change people's work, life, education and social methods.

Not long ago, Mr Gou said he would sign an agreement with Guizhou province for Foxconn's cloud computing, semiconductor equipment manufacturing, and wellness Industry Park. It is expected that Guizhou new plant in 2018 the annual output value will reach 50 billion yuan.

For operational needs and development of new ventures, Hon Hai has announced plans to invest in China's Guizhou rich and sophisticated electronics, Yantai Fu Taikang Electronic Research and development, Shenzhen Fu Carpenter Technology, Zhengzhou Fu Technology, Jiyuan-FU technology, Shenzhen Ji-Chi International, Shenzhen Bo Lai materials technology, Shenzhen Golden Machine Tiger precision machinery.

According to the public information, in the 80 Hong Hai companies can be queried, roughly distributed in the four regions: a kind of Shenzhen as the core of the South China region, the region currently covers most of the 6C products and their accessories research and development, processing and manufacturing; The second category is the East China area with Kunshan as its core, The area is made up of portable computers and their components; the third category is Yantai as the core, supplemented by Jincheng, Langfang, Dalian, Tianjin, Qinhuangdao, Yingkou and other ring Bohai urban areas, the region mainly mobile phones and other professional equipment and communications, such as mobile equipment and new energy and other emerging industries such as the development and manufacture of the main industry; the fourth category is Taiyuan, Wuhan as the core, supplemented by Jincheng, Chongqing, Chengdu and other inland areas, according to Foxconn, the region will focus on the future of domestic market research and development and production.

"It is a clear fact that we are seeing an increase in our investment in the mainland," he said. Hon Hai said yesterday to reporters.