Hon Hai Precision Industry Co., Ltd. (TWSE: 2317), known internationally as Foxconn Technology Group, is the world's largest contract electronics manufacturer headquartered in Taiwan. Founded in 1974, Foxconn has grown into a global manufacturing powerhouse with operations across China, India, Europe, and the US. In 2023, the company reported total revenue of USD 198.9 billion.
Foxconn specializes in the manufacturing of consumer electronics, cloud and networking products, computing devices, and components. The company is best known for producing iPhones and other devices for Apple, which accounts for approximately 50% of its revenue. Foxconn's extensive client list also includes major tech firms like Microsoft, Amazon, HP, Dell, and Sony. The company's manufacturing capabilities span a wide range of products including smartphones, tablets, laptops, game consoles, and televisions. Foxconn operates on a massive scale, employing over a million workers primarily in mainland China.
In recent years, Foxconn has been diversifying its business beyond electronics manufacturing. The company has made significant investments in electric vehicle (EV) production, aiming to replicate its success as a contract manufacturer in the automotive sector. Foxconn has partnered with various automakers and released its own EV concepts. The company is also active in medical device manufacturing, producing equipment like patient monitoring systems and digital health devices. As of March 2024, Foxconn continues to expand its global manufacturing footprint while pursuing new growth opportunities in emerging technologies.
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