Commentary: ‘Like it was with Jack Ma’: China puts world’s biggest Apple supplier in its crosshairs

File photo of Foxconn founder Terry Gou at a media event announcing his new book in Taipei, Taiwan on Aug 8, 2023. , Foxconn’s billionaire founder argued that China - home to most of the factories where the world’s largest contract electronics manufacturer churns out Apple’s iPhones - could not touch him or his company.

Analysts said this could become a watershed moment in China’s relationship with international investors. Foxconn, the largest foreign company in China by cumulative investment, employees and exports, helped China become the world’s main manufacturing hub over the past 30 years. Now, it is caught up in geopolitical forces that are unravelling the global economic order.

That power is gone. Chao Chun-shan, a veteran China scholar who advised Taiwan’s last four presidents on cross-strait relations, said the symbiotic relationship between Taiwanese and Chinese companies had become competitive. The same phrase appeared in the state media report that publicised the investigation last weekend. This, and the fact that the news was leaked by the Communist party tabloid Global Times citing a Taiwan affairs scholar, pointed to an attempt by the TAO to send a political message, said a senior Taiwanese government official.

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