Thursday December 29, 2016

How China Built ‘iPhone City’

It is mind boggling to think that Foxconn's factory in Zhengzhou has more employees than three quarters of the cities and towns in our country. It's no wonder China gives the company billions in perks.

Running at full tilt, the factory here, owned and operated by Apple’s manufacturing partner Foxconn, can produce 500,000 iPhones a day. Locals now refer to Zhengzhou as "iPhone City." As China’s largest private employer, Foxconn, a Taiwanese company, has enormous leverage in the negotiations for those incentives. The company’s size and scale آ— and the sway that they afford in China آ— is connected to Apple. Foxconn is Apple’s largest supplier. Apple is Foxconn’s largest customer.