5G, artificial intelligence, digital health, satellite applications... At the 2nd Digital China Construction Summit, which opened yesterday, many high-tech topics were discussed. Academicians of the Chinese Academy of Engineering, representatives of operators, and Internet celebrities attended the main forum of the summit. They put forward unique views and insights on the development of the digital economy and the construction of digital China in their respective fields.

      As the profit margins are getting smaller and smaller, foundry companies like Foxconn have left most of their profits to upstream brand manufacturers. Data shows that for a mobile phone worth five or six thousand, Apple’s gross profit margin is 40%, while Foxconn’s is less than 10%. Although the cost of cheap labor has been brought into full play, in the capital market, since the financial crisis in 2008, Hon Hai's share price has plummeted by more than 60%.