Asia Express - East Asian ICT
Foxconn to Decrease Share of Electronic Good Exports in China
October 11, 2013

Confronted with a constant labor shortage problem in China, Foxconn plans to automate more of its production lines, reduce the share of electronic exports in its business, and shift focus to tap the country's domestic market, as reported by Taiwan's Economic Daily on October 9. Currently, 90% of Foxconn's business in China comes from exports of electronic products. The company aims to chop that to 55% to 60%, and create more job opportunities in the sectors of sales, customer services, and e-commerce. Meanwhile, Foxconn is seeking partners in Indonesia, where the company will build mobile phone production sites in 2014.