Guo taiming went to tell a fortune.

The labor cost in the United States is ten times that in China. Why did Guo Taiming go to America?

Let's know who Guo Taiming is first. Guo taiming was born in Taiwan Province province, China on 1950. He is an entrepreneur whose ancestral home is Jincheng, Shanxi. He is the founder of Hon Hai Precision (affiliated to Foxconn Technology Group) in Taiwan Province Province [1] 1966. In Taiwan Province Province, Guo Taiming entered "China Maritime College" and completed his studies through work-study program. After military service, Guo Taiming worked as a salesman in Fuxing Shipping Company.

197 1 year, graduated from "China Maritime College" in Taiwan Province Province, and entered the three major shipping companies in Taiwan Province Province at that time to revive maritime work; I work in Taiwan Province Fuxing Shipping Company. 1985, the American branch was established and Foxconn's own brand was established.

The main reasons why Guo Taiming wants to build a factory in the United States are as follows

Reason one: Foxconn's biggest customer is Apple. On the one hand, building a factory in the United States is Apple's need and requirement. On the other hand, it is more convenient to communicate with customers and reduce transportation costs by setting up factories in the United States. Yes, friends of foreign trade export companies should be well aware of the trouble of communicating with foreign customers and the high transportation costs.

Reason 2: As the leader of Foxconn, Guo Taiming is far-sighted, and the establishment of the United States paved the way for Foxconn's global strategy. Hon Hai Precision is no longer a small enterprise that only processes simple parts in a few years. As a Fortune 500 company, Hon Hai Precision is gradually expanding its business and market in order to be invincible in the market competition, while Guo Taiming's factory in the United States is only considering automation and intelligent processing.

Reason 4: After Trump took office, he advocated the return of manufacturing to the United States and introduced many tax cuts. Trump spoke highly of Guo Taiming's American factory construction, saying that it will be the eighth wonder in the world and enterprises need to make profits. The Trump administration's series of policies towards Guo Taiming and Hon Hai are very beneficial to Guo Taiming. The fifth reason is that the competition in the Asian market, especially in China, is fierce and even saturated. Guo Taiming hopes to explore the European and American markets, and building a factory in the United States is the first step.

After all, the United States has a population of more than 300 million, while the North American market has a population of more than 500 million. The combined population of North and South America exceeds 900 million, which is a huge market after China and India. In short, Guo Taiming is an old-fashioned businessman. Businessmen have no profit and can't get up in the morning. Building a factory in the United States is not only for the growing market, but also for greater profits #