Taiwanese multinational electronics contract manufacturer trading as Foxconn Technology / From Wikipedia, the free encyclopedia
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Hon Hai Precision Industry Co., Ltd., trading as Hon Hai Technology Group in China and Taiwan and Foxconn internationally, is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng, New Taipei City, Taiwan. In 2021, the company's annual revenue reached 5.99 trillion New Taiwan dollars (US$175 billion) and was ranked 20th in the 2022 Fortune Global 500. It is the world's largest technology manufacturer and service provider. While headquartered in Taiwan, the company earns the majority of its revenue from assets in mainland China and is one of the largest employers worldwide. Terry Gou is the company founder and former chairman.
|Founded||20 February 1974; 49 years ago (1974-02-20) (as Hon Hai Precision Industry Co., Ltd.)|
|Young Liu (chairman and president)|
|Services||Electronics manufacturing services|
|Revenue||US$ 175 billion (2021)|
|NT$193.57 billion (2021)|
|NT$139.32 billion (2021)|
|Total assets||NT$3.908 trillion (2021)|
|Total equity||NT$1.573 trillion (2021)|
Number of employees
|Literal meaning||Hon Hai Precision Industry Co., Ltd.|
|Trading name in Chinese|
|Literal meaning||Hon Hai Technology Group|
|International trade name|
Foxconn manufactures electronic products for major American, Canadian, Chinese, Finnish, and Japanese companies. Notable products manufactured by Foxconn include the BlackBerry, iPad, iPhone, iPod, Kindle, all Nintendo gaming systems since the GameCube (except subsequent Nintendo DS models), Nokia devices, Cisco products, Sony devices (including the PlayStation 3 and PlayStation 4 gaming consoles), Google Pixel devices, Xiaomi devices, every successor to Microsoft's first Xbox console, 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.
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.