TOPIC

/ company

Hon Hai Precision Industry

Hon Hai Precision Industry Co., Ltd. (trading as Foxconn) is the world's biggest maker of electronic components. Primarily an original equipment manufacturer, its clients include major some of the world’s best known electronics and information technology companies, and products manufactured at its plants include iPads, iPhones, iPods for Apple, Kindles for Amazon, PlayStations for Sony and Xboxes for Microsoft. Foxconn has been involved in several controversies, largely over employee relations in China after a series of suicides and accidents. In 2012, Apple hired the Fair Labor Association to conduct an audit of working conditions at Foxconn.

Chairman / President

Liu Young-Way

CEO / Managing Director

Liu Young-Way

CFO / Finance Director

David Huang

Industry

IT / Tech / Telecoms

Stock Code

OTCMKTS:HNHPF
TWSE:2317

last updated:

30 September, 2024

Hon Hai Precision Industry

Foxconn invests in EV battery plant in China’s iPhone city

The US$82 million capital injection marks the Taiwanese giant’s latest foray into the electric-vehicle sector.

iPhone maker Foxconn partners with Nvidia on AI-driven factories

Mainland China detains four Taiwanese employees at ‘iPhone city’

Foxconn builds world’s largest Nvidia superchip production facility in Mexico

Foxconn chairman Liu Young-way said the firm’s manufacturing capabilities include ‘technologies necessary to complement the GB200 server’s infrastructure’.

iPhone maker Foxconn says EV business will need years to ramp up

It will probably take another five years for Hon Hai to fully utilise its production lines at an Ohio facility, EV head Jun Seki says.

World’s largest iPhone factory loses momentum amid supply chain shifts

The world’s largest iPhone factory, in the central Chinese city of Zhengzhou, is offering bonuses to attract workers for its busy season, but the facility has lost momentum since the Covid-19 unrest in late 2022.

Why 7-Eleven owner’s buyout would be a watershed moment for Japanese takeovers

Any attempt to acquire a well-known Japanese business would have been dismissed as audacious and unlikely, but the tide may be turning as new corporate guidelines inject more vigour into corporate Japan.

Don’t be ‘smug’, Chinese state media warns after Foxconn’s billion-yuan HQ plans

Apple’s manufacturer in China bucked a trend of declining investment with its big plans for Henan province, but a ‘complicated’ environment is seen reflecting how slower growth will be ‘the new trend’.

Apple supplier Foxconn sees revenue rising as AI server demand nudges profit up

Foxconn expects revenue to grow in the current quarter and for the rest of year, boosted by demand for AI servers used in data centres.

Foxconn adds 50,000 workers in Zhengzhou before iPhone 16 launch

The assembler, also known as Hon Hai Precision Industry, recruited more than 50,000 workers in Zhengzhou over the past two weeks, according to Chinese media reports

China’s supply chain under scrutiny amid report HP moving PC production

HP, the world’s second-largest personal computer vendor, has denied a report that it was shifting more than half of its production away from China.

New Foxconn deal shows how Chinese provinces are coping with waning confidence

Foxconn will splash out on EV projects and set up robotics industrial bases in mainland China amid geopolitical risks and supply-chain disruptions.

Foxconn’s China factories on hiring spree ahead of iPhone 16 launch

Apple’s next smartphone upgrade is one of its most anticipated in recent years because all new models are expected to support AI features.

iPhone manufacturer Foxconn to invest in two projects in Vietnam

The Taiwanese company has been granted approval to produce smart entertainment products and smart-system equipment at the new facilities.

Foxconn hits 8-year stock target set out by founder Terry Gou

‘The AI wave lifts all boats,’ says one analyst, as shares of Hon Hai Precision Industry reach NT$200.

Hong Kong unicorn SmartMore is the city’s new hi-tech poster child

Established by a Chinese University of Hong Kong professor in 2019, SmartMore has been tasked with boosting the city’s technology ecosystem.

Apple supplier Foxconn misses March quarter estimates amid China iPhone downturn

Foxconn reported a net profit of US$679 million in the first quarter, which missed analysts’ average estimate of US$897 million.

Foxconn sees record April sales with 19% jump, offers positive Q2 outlook

Foxconn, the largest assembler of Apple’s iPhone, said it expects a rise in second-quarter sales as the smartphone market rebounds.

Apple supplier Foxconn sees second-quarter revenue growth, record April sales

Foxconn, the world’s largest electronics contract manufacturer, expects its second-quarter financial results to show both quarter-on-quarter and year-on-year growth.

China’s Henan province sees drop in smartphone exports amid supply chain changes

Henan, home to the world’s largest iPhone factory, saw smartphone exports reach 6.65 million units in the first quarter, down 60.1 per cent from the same period last year.

Apple CEO visits Vietnam as supply chain shift stirs unease in China

During Tim Cook’s visit, Apple says it will raise investments on suppliers in the Southeast Asian country.

Apple supplier Foxconn considers rotating CEOs, similar to Huawei

Senior Foxconn managers have discussed the rotating CEO plan for several months, three sources with direct knowledge of the matter say.

Wall Street hunts for next wave of AI winners beyond the US

At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia’s stock, investors are pointing toward emerging markets for better value and a bigger pool of options.

Foxconn expects big revenue jump in 2024 after slow start to the year

Foxconn’s new estimate is rosier than previous statements about ‘conservative and neutral’ expectations for 2024.

Luxshare’s chairwoman says Apple supplier will provide solutions

China’s Luxshare is a key assembler of Apple products including AirPods, the iPhone and Vision Pro.

Apple’s operating chief makes rare Taiwan visit for Foxconn gala

Jeff Williams was a guest of honour at a gala celebrating the iPhone assembler’s 50th anniversary, also attended by SoftBank CEO Masayoshi Son and Arm boss Rene Haas.

Foxconn pushes into car production near its biggest iPhone plant

The Apple supplier has set up a new venture in Zhengzhou to sharpen its focus on the electric vehicle industry.

Apple supplier Foxconn sees sales decline in first quarter of 2024 amid weak demand

Foxconn, the world’s largest electronics contract manufacturer, did not provide an estimate of the quarterly drop, but said the year’s first three months represent an off-peak season for the industry.