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Foxconn

Foxconn Precision Industry Co. Ltd.
  • Fushikang Technology Group (富士康科技集團)
  • Foxconn (鴻海)
Native name
富士康精密工業股份有限公司
Fùshìkāngjīngmì Gōngyè Gufènyouxiàngōngsī
FormerlyHon Hai Precision Industry Co. Ltd.
Company typePublic
ISINTW0002317005
IndustryElectronics
Founded20 February 1974 (1974-02-20) (as Hon Hai Precision Industry Co., Ltd.)
FounderTerry Gou
Headquarters
Tucheng District, New Taipei, Taiwan
Area served
Worldwide
Key people
Young Liu (chairman and president)
Products
ServicesElectronics manufacturing services
RevenueNT$ 6.626 trillion (2022) ~US$213.90 billion [1]
NT$ 173.78 billion (2022) ~US$5.61 billion [1]
NT$ 141.48 billion (2022) ~US$4.57 billion [1]
Total assetsNT$ 4.133 trillion (2022) ~US$133.42 billion [1]
Total equityNT$ 1.650 trillion (2022) ~US$53.27 billion [1]
Number of employees
Decrease 767,062 (2022) (Taiwan employee data only)[2]
Subsidiaries
Websitewww.honhai.com/en-us/
Foxconn
Chinese富士康
Traditional Chinese富士康精密工業股份有限公司
Simplified Chinese富士康精密工业股份有限公司
Literal meaningFoxconn Precision Industry Co. Ltd.
Transcriptions
Standard Mandarin
Hanyu PinyinFùshìkāng Jīngmì Gōngyè Gǔfèn Yǒuxiàngōngsī
Southern Min
Tâi-lôhông-hái tsing-bı̍t kang-gia̍p kóo-hūn iú-hān kong-si
Trading name in Chinese
Traditional Chinese富士康科技集團
Simplified Chinese富士康科技集团
Transcriptions
Standard Mandarin
Hanyu PinyinFùshìkāng Kējì Jítuán
International trade name
Chinese鴻海
Transcriptions
Standard Mandarin
Hanyu PinyinHónghai

Foxconn Precision Industry Co. Ltd., trading as Fushikang Technology Group in China and Taiwan, and known as Foxconn Technology Group internationally, is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng District, New Taipei City, Taiwan. In 2023, the company's annual revenue reached 6.16 trillion New Taiwan dollars (US$192 billion) and was ranked 20th in the 2023 Fortune Global 500. It is the world's largest contract manufacturer of electronics.[3] While headquartered in Taiwan, the company earns the majority of its revenue from assets in China and is one of the largest employers worldwide.[4][5] Terry Gou is the company founder and former chairman.

Foxconn manufactures electronic products for major American, Canadian, Chinese, Finnish, and Japanese companies. Notable products manufactured by Foxconn include the BlackBerry,[6] iPad,[7] iPhone, iPod,[8] Kindle,[9] all Nintendo gaming systems since the GameCube, Nintendo DS models, Sega models, Nokia devices, Cisco products, Sony devices (including most PlayStation gaming consoles), Google Pixel devices, Xiaomi devices, every successor to Microsoft's Xbox console,[10] and several CPU sockets, including the TR4 CPU socket on some motherboards. As of 2012, Foxconn factories manufactured an estimated 40% of all consumer electronics sold worldwide.[11]

Foxconn named Young Liu its new chairman after the retirement of founder Terry Gou, effective on 1 July 2019. Young Liu was the special assistant to former chairman Terry Gou and the head of business group S (semiconductor). Analysts said the handover signals the company's future direction, underscoring the importance of semiconductors, together with technologies like artificial intelligence, robotics, and autonomous driving, after Foxconn's traditional major business of smartphone assembly has matured.[12]

  1. ^ a b c d e "Foxconn Investor Relations website". honhai.com. Archived from the original on 29 August 2023. Retrieved 28 June 2023.
  2. ^ "Foxconn annual report" (PDF). honhai.com. Archived (PDF) from the original on 28 June 2023. Retrieved 28 June 2023.
  3. ^ "Foxconn aims to double jobs, investment in India over next 12 months". Reuters. 17 September 2023. Retrieved 18 September 2023.
  4. ^ "How China Built 'iPhone City' With Billions in Perks for Apple's Partner". The New York Times. 29 December 2016. Archived from the original on 11 January 2017. Retrieved 29 July 2017.
  5. ^ "Who is the world's biggest employer? The answer might not be what you expect". World Economic Forums. 17 June 2015. Archived from the original on 24 August 2019. Retrieved 28 July 2017.
  6. ^ Molina, Brett (20 December 2013). "BlackBerry shares surge 15.5% on Foxconn deal". USA Today. Archived from the original on 25 April 2022. Retrieved 28 August 2017.
  7. ^ Blodget, Henry (23 November 2010). "Apple Adding More iPad Production Lines To Meet Holiday and 2011 Demand". Business Insider. Axel Springer SE. Archived from the original on 9 April 2022. Retrieved 28 October 2017.
  8. ^ Dean, Jason (11 August 2007). "The Forbidden City of Terry Gou". The Wall Street Journal. Archived from the original on 1 December 2016. Retrieved 28 October 2017.
  9. ^ Cite error: The named reference computerworld was invoked but never defined (see the help page).
  10. ^ George, Richard (17 October 2012). "iPhone, Wii U Manufacturer Admits to Employing Children". IGN. Archived from the original on 25 April 2022. Retrieved 28 October 2017.
  11. ^ Duhigg, Charles; Bradsher, Keith (2012). "Apple, America and a Squeezed Middle Class". The New York Times. ISSN 0362-4331. Archived from the original on 29 August 2018. Retrieved 3 February 2018.
  12. ^ Chen, Celia. "Foxconn's new chairman Liu Young-way in spotlight as iPhone assembler navigates US-China trade war". Archived from the original on 31 January 2022. Retrieved 26 June 2019.

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