The News Lens
Date: 2017/11/25
By: Philip Liu

Slim margins meant that when production costs later increased and more overseas

Photo Credit : AP/達志影像

competition emerged, Taiwanese firms had little choice but to transplant their factories offshore.

Factories of Hon Hai Precision (also known as Foxconn) and other major Taiwanese contract manufacturers are currently running at full capacity churning out the iPhone 8 and other new models launched by Apple.

Economists regularly disparage Taiwan’s continued heavy reliance on contract manufacturing – also known as Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM) – and urge domestic industry to develop their own brands to command better margins and greater control over their business.    [FULL  STORY]