Foxconn Industrial Internet is Looking to Expand Manufacturing Digitalization Beyond China

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By Michael Larner | 1Q 2022 | IN-6473

 

Foxconn Unit Adopts its Own China-Plus-One Strategy

NEWS


Foxconn Industrial Internet (FII) is a subsidiary company of Foxconn group and provides consulting services and digital solutions to customers across multiple industries. The company is commissioned by its customers to introduce smart manufacturing technologies such as measuring sensor information from IoT devices, deploying automated robotics, and setting up 5G networks in their facilities. The company announced in February 2022 that it is not only expanding its engagements across China but also Vietnam.

In the Asia-Pacific region manufacturers often adopt a China-plus-one strategy, with Vietnam often chosen as a second location. FII aims to helps its customers meet customer orders while managing the lingering effects of the pandemic and supply chain disruptions. In addition, the uncertain operating environment has meant many firms to hedge their risks by shifting some resources to other locations.

FII Sets its Sights on Vietnam

IMPACT


According to Vietnam Briefing, Foxconn invested in Vietnam US$1.5 billion in…

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