THIS IS WHERE THEY MAKE THE iPhone
IF YOU WANT TO MAKE MONEY, THIS NEWS IS OF INTEREST TO YOU
Foxconn will invest $1.5 billion in India
BUT WHAT IS Foxconn? It's a multinational company responsible for manufacturing 80% of iPhones, iPads, and Macs.
That's why this news is so relevant because it's an opportunity to make money.
The stocks and companies that supply iPhone consumables may increase in price.
As can Foxconn itself and the Taiwanese index, as well as other companies.
And it's where it came from... Who is Foxconn? What does it do?
But the reality is that it's very, very present in your life, more than you can imagine, don't believe me... What you're about to see next will open your eyes. This is a true technological giant and is by far the largest contract manufacturer of electronic products and the largest producer of electronic components worldwide.
It's Taiwan's largest exporter, and if this surprises you, let me tell you: it's responsible for assembling 80% of the world's iPhones, iPads, and iMacs, which is undoubtedly the most famous and valuable phone on the planet.
This hidden dragon, which very surreptitiously manufactures products for true Titans like Samsung, Nokia, Dell, Sony, Motorola, HP, and Microsoft, has positioned it as the number 1 company in Taiwan, even surpassing another giant, TSMC, the world's largest semiconductor manufacturer and the one everyone is talking about.
But Foxconn is making a strong push in the manufacturing of computers, smart TVs, GoPro cameras, PlayStations, semiconductors, artificial intelligence, smartphones, robotics, chips, and, to top it all off, electric cars. The latter has put it in the global spotlight, as alarm bells rang about the growth and power acquired by this unknown Taiwanese company. Having perplexed giants like Tesla and BYD, now you understand why this Taiwanese Dragon is so close to us and the importance it holds for the world. Surely every device you use and have in your home is assembled or contains Foxconn components.
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