Overview of Hon Hai Technology Group (Foxconn)
Established in Taiwan in 1974, Hon Hai Technology Group (Foxconn) (2317:Taiwan) is the world’s largest electronics manufacturer. Foxconn is also the leading technological solution provider and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. By capitalizing on its expertise in Cloud Computing, Mobile Devices, IoT, Big Data, AI, Smart Networks, and Robotics / Automation, the Group has expanded not only its capabilities into the development of electric vehicles, digital health and robotics, but also three key technologies –AI, semiconductors and new-generation communications technology – which are key to driving its long-term growth strategy and the four core product pillars: Consumer Products, Enterprise Products, Computing Products and Components and Others.
The company has established R&D and manufacturing centers in other markets around the world that includes China, India, Japan, Vietnam, Malaysia, Czech Republic, U.S. and more. With a focus on research and development, the company owns more than 83,500 patents. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Foxconn is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises.
In 2019, Foxconn achieved NT$5.34 trillion in revenue. The company has received widespread international accolades and recognition since its establishment. In 2019, the company ranked 23rd on the Fortune Global 500 rankings, 25th in the Top 100 Digital Companies, and 143rd in the Forbes ranking of the World’s Best Employers.