According to the latest news from Taiwan, Foxconn, the world's largest foundry company, has officially entered the automotive sector. Its auto parts and components have entered the supply chain of BMW's Mercedes-Benz manufacturers. According to relevant sources, Foxconn Automotive's business is not limited to in-vehicle entertainment equipment, but also involves high-tech systems such as automotive electrical machinery, central control security, and automotive electronics. The profits of these places are quite high, and it is precisely the area that Foxconn is familiar with.
Foxconn will enter the automotive sector this time, or it may be considered as a regular strategic expansion. The rapid development of the automotive industry and the rise of electric vehicles have made Foxconn see a window of opportunity that can be tapped into it. At the same time, with the further decline in the profit of OEM business and the gradual distribution of orders by major customers such as Apple to other foundries, Foxconn urgently needs to find new and sustainable profit points.
Not long ago, some media reported that BYD is trying to return to the foundry industry. People who know about BYD's history are aware that this company entered the field of IT OEM in the 1990s and has had a fierce battle with Foxconn. Later, as Wang Chuanfu led BYD into new fields such as automobile manufacturing and solar energy, the dispute between the two companies gradually entered the peace period.
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