BING-JHEN HONG
The impact of Foxconn Technology (OTCPK:FXCOF), reportedly, instructing hundreds of Chinese engineers and technicians to return from its iPhone factories in India would be negligible, according to TF International Securities analyst Ming-Chi Kuo.
Kou said in a post on X that there would be a negligible impact of the potential measure because of three key reasons.
Firstly, because there were already few Chinese employees at the company’s India iPhone facility. Secondly, production capabilities at Foxconn’s India iPhone facilities were established by the company’s Taiwanese employees (such as those from FIH’s Minsheng plant), not Chinese employees. Lastly, because the gradual return of Chinese employees had been planned for some time, and Apple was fully informed.
The Apple (NASDAQ:AAPL) iPhone supplier — also known as Hon Hai Precision (OTCPK:HNHAF) (OTCPK:HNHPF) — reportedly, began the move around two months ago, leading to the departure of over 300 Chinese workers, leaving mainly support personnel from Taiwan still based in India.
Last month, it was reported that about 97% of iPhones exported by Foxconn from India went to the U.S. between March and May.