Foxconn Technology Group, a Taiwanese company headquartered in Tucheng, New Taipei City started in 1974. Foxconn is the world’s largest technology manufacturer and service provide.
Hon Hai Precision Industry Co., Ltd., is a company that goes by different names in different regions. It is known as Hon Hai Technology Group in China and Taiwan, and as Foxconn in other parts of the world.
Foxconn produces over 40% of the world’s electronics products, including electronic components, PCBs, PCB components, and computer chips.
Some of its main products include iPhones, iPads, BlackBerry devices, Kindle devices, Nintendo gaming systems, Nokia devices, Sony devices, Google Pixel devices, Xiaomi devices, and Microsoft’s Xbox consoles. Foxconn is also the primary producer of PlayStation 3 and PlayStation 4 gaming consoles, and its plants manufacture around 500,000 smartphones per day.
It employs millions of people across its many factories in Taiwan and China.However, Foxconn has often been criticized for its poor working conditions for factory workers.
Foxconn also have factories in South America (Brazil), Europe ( Hungary, Slovakia and Czech Republic), India, Japan, Malaysia, Mexico, south Korea and USA.
In terms of revenue, Foxconn generates a significant portion of its income from smartphones and tablets, with a revenue estimated at $216.69 billion as of 2022 TTM. In 2019, the company generated $178 billion in revenue, while in 2021, it reached $214.71 billion. Additionally, Foxconn’s operating income and net income in 2021 were estimated at $5.8 billion and $4.17 billion, respectively.
Interestingly, Foxconn holds many unknown facts, such as the biggest producer of Apple’s products.
It also has subsidiaries, including Sharp, Linksys, and Belkin. Furthermore, the company aims to hold 5% of the global electronic vehicles market share by the end of 2025.
In conclusion, Foxconn is a global company that employs millions of people and produces a significant percentage of the world’s electronics products. While it has faced criticism for its poor working conditions, Foxconn remains a vital player in the technology industry, producing products for some of the biggest brands in the world.
