Foxconn
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 6.83 trillion New Taiwan dollars (US$214 billion) and was ranked 20th in the 2023 Fortune Global 500. It is the world's largest contract manufacturer of electronics. While headquartered in Taiwan, the company earns the majority of its revenue from assets in China and is one of the largest employers worldwide. Terry Gou is the company founder and former chairman.
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Native name | 鴻海精密工業股份有限公司 |
| Company type | Public |
| ISIN | TW0002317005 |
| Industry | Electronics |
| Founded | 20 February 1974 (as Hon Hai Precision Industry Co., Ltd.) |
| Founder | Terry Gou |
| Headquarters | |
Area served | Worldwide |
Key people | Young Liu (chairman and president) |
| Products | |
| Services | Electronics manufacturing services |
| Revenue | NT$ 6.626 trillion (2022) ~US$213.90 billion |
| NT$ 173.78 billion (2022) ~US$5.61 billion | |
| NT$ 141.48 billion (2022) ~US$4.57 billion | |
| Total assets | NT$ 4.133 trillion (2022) ~US$133.42 billion |
| Total equity | NT$ 1.650 trillion (2022) ~US$53.27 billion |
Number of employees | 767,062 (2022) (Taiwan employee data only) |
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| Website | www |
| Foxconn | |||||||||||||
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| Traditional Chinese | 鴻海精密工業股份有限公司 | ||||||||||||
| Simplified Chinese | 鸿海精密工业股份有限公司 | ||||||||||||
| Literal meaning | Hon Hai Precision Industry Co., Ltd. | ||||||||||||
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| Trading name in Chinese | |||||||||||||
| Traditional Chinese | 鴻海科技集團 | ||||||||||||
| Simplified Chinese | 鸿海科技集团 | ||||||||||||
| Literal meaning | Hon Hai Technology Group | ||||||||||||
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| International trade name | |||||||||||||
| Chinese | 富士康 | ||||||||||||
| Literal meaning | Foxconn | ||||||||||||
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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, 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, 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.