With the domestic epidemic situation slowing down, according to Reuters news, liuyangwei, chairman of Foxconn, said at the company's annual general meeting, "the epidemic is moving in a better direction. We are very confident in the stability of the supply chain in the second half of this year." Earlier, Foxconn warned that due to rising inflation, cooling demand and the escalation of some supply chain problems, the company's electronic business revenue, including smart phones, may decline this quarter.
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At the shareholders' meeting, Foxconn reiterated that the impact of China's epidemic on production was limited, but the market demand for products was affected by the epidemic.
Liu Yangwei mentioned that the long-term global chip shortage has forced automakers to stop production and damaged Apple The interests of key smartphone customers including the company. In terms of automotive chips, Foxconn's goal in the next three years is to become the first electric vehicle manufacturer that "does not lack materials". This goal includes the mass production of key IC for self owned vehicles, the coverage of 90% specifications of small IC for free vehicles, and the sufficient supply of small IC for vehicles without shortage of materials.
According to previous reports, Hon Hai has completed the layout of electric vehicles from 0 to 1 in the past three years, built a one-stop service foundation, provided an open platform, and established a localized operation (BOL) business model. Liu Yangwei said that Foxconn aims to occupy about 5% of the global electric vehicle market by the end of 2025. The company hopes to increase its production capacity of electric vehicle chips and announced to further strengthen chip supply.
(checked by /lau)