Why Taiwan’s Foxconn, an iPhone Supplier, Is Investing in Texas and Thailand

Published On Dec 26, 2024, 5:00 AM

Foxconn, the major Taiwanese electronics manufacturer and Apple supplier, is expanding its operations significantly by investing $33 million in a new 10-acre site near Houston, Texas. This move is part of a broader strategy to diversify its supply chain and reduce dependence on China, amid increasing geopolitical tensions and impending tariffs from the incoming Trump administration. Foxconn is also expanding factories in India, Mexico, and Thailand, indicating a long-term pivot towards global operations in response to market demands and political changes.