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Apple supplier Foxconn plans to rely less on China for revenue

wsj 2 min read . Updated: 15 Mar 2023, 07:53 PM IST Joyu Wang, The Wall Street Journal
About 70% of Foxconn’s revenue comes from China, said Young Liu, the company’s chairmanPremium
About 70% of Foxconn’s revenue comes from China, said Young Liu, the company’s chairman

Taiwan-based contract manufacturer makes 70% of sales from mainland operations

TAIPEI : Foxconn Technology Group, one of Apple’s biggest suppliers, said it would rely less on China as a source of revenue as it diversifies production sites to strengthen supply-chain resilience.

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