One of Foxcon's largest customers is the American technology giant Apple. Foxconn coordinates the iPhone accessories of the US company
The next year, iPhone business is expected to cut the cost of six billion yuan. In addition, Foxconn plans to cut spending by 10% of the unsecured sector.
Earlier this month, the Japanese daily Nikkei reported that Apple has asked Foxconn and its rival Pegatoron to stop the plan to increase the iPhone XR production line.
Last week, Foxconn published a report on weaker growth in its report than expected in marginal profits.
Asked by Reuters that Foxconn knew about spending cuts, he did not comment immediately.