Abandoning a $19 5 Billion Chip Factory Foxconn Announces Its Escape from India!

Hon Hai Technology Group, the parent company of Foxconn, has decided to pull out of India. Last year, many people were concerned that Foxconn would relocate out of China, leading to mass unemployment for Chinese workers. In particular, 80% of the foreign trade in Zhengzhou, where Foxconn is located, is sourced from the company. If Foxconn were to move out of Zhengzhou or even out of China, the new generation of migrant workers in Henan would have to leave their homes and seek work in first-tier cities such as Beijing, Shanghai, Guangzhou, and Shenzhen. “China Focus“ is a YouTube channel created to provide current events and pop culture headlines from you can get to know a more real China through my video. ｜ #ChineseNews #chips #ChinaFocus Thanks for your watching and subscribing.