Without naming the companies, Foxconn's Chairman Young Liu was quoted as saying Chinese rivals had set up operations near its campuses in Vietnam to poach Foxconn employees, the report said.
Bloomberg noted that three of Foxconn's Chinese rivals, namely Luxshare Precision Industry Co, GoerTek Inc, and BYD Electronic (International) Company Ltd (OTC: BYDIY) have operations in Vietnam.
The first two manufacture AirPods, while BYD is getting started on iPad production.
Foxconn is based in Taiwan but has much of its production in China. Vietnam, according to Bloomberg, is the company's second-largest manufacturing base after China, where it currently employs about 600,000 people and hopes to grow that over the next couple of years.
Price Action: Foxconn shares trading over the counter in the U.S. closed 1.30% lower at $7.60, according to Benzinga Pro data.