- Foxconn shifts major production from China to other global regions.
- Foxconn explores gen AI to accelerate innovation and product development.
- Industry leaders stress balancing AI advancement with human connection.
Foxconn Chairman Liu Young-way stated that firms are relocating production from China, indicating a significant shift in global manufacturing, according to Nikkei Asia. During the inaugural session of the two-day Global Management Dialogue in Tokyo, Liu stated that the drive for domestic economic growth is motivating companies to regionalize their production. He noted that nearly all of Foxconn’s production was focused in China three years ago.
Currently, 65% of manufacturing stays in China, while the remainder is spread among Vietnam, India, and Mexico. He mentioned that the company has established regional headquarters to oversee local operations and develop connections with governments and business partners. Liu also emphasized the transformative effect of generative AI.
He stated that Foxconn is investigating the technology to reduce the duration required to launch innovations. “When generative AI happened, that was really disruptive,” he said. “None of us can escape from this change. It will impact all industries.”
Microsoft Chief Marketing Officer Takeshi Numoto said AI demand is growing faster than the internet or cloud did at their peaks. He credited Microsoft’s competitiveness to a “culture of curiosity” that helps leaders act on subtle market signals before they become trends.
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Some investors have warned about an AI-driven data center bubble as Microsoft plans to double capacity in two years. Numoto said the company is investing in line with demand guided by customer signals.
Johnson & Johnson Chair and CEO Joaquin Duato said technology will speed up advances in imaging, diagnostics, and drug discovery over the next decade. He said the company aims to transform some cancers into chronic diseases and, eventually, find cures.
Manulife Japan CEO Ryan Charland said human connection remains critical even as AI transforms financial services. He said AI can complement relationships by giving financial advisors tailored talking points, helping address gaps in financial literacy and trust.