Foxconn

(redirected from Hon Hai Precision)

Foxconn

The world's largest electronics manufacturer and China's largest private employer, officially Hon Hai Precision Industry Co. Ltd. Founded in 1974 and headquartered in Taiwan, Foxconn employs nearly a million people in Europe, India, Brazil and Mexico, but mostly in China with the largest facility in the Longhua district of Shenzhen. Foxconn makes products for companies around the world, including customers such as Microsoft, Amazon, HP and IBM. Where Foxconn makes iPhones in Zhengzhou, China, locals call it "iPhone City."

Nobody Can Compete
Foxconn's customers claim that no organization in the world is as capable, flexible and committed to meet large-scale production deadlines and respond to last minute changes. The Chinese government has spent billions in support of the company.

A Lot of Notoriety
Foxconn has been in the news for the harsh treatment of its employees, many of whom live and work in company dormitories and endure long shifts. After a number of suicides in 2010, nets were draped around the buildings to prevent people from jumping out of windows. In addition, over the years, many workers have developed problems with their hands due to the repetitive motion required in their jobs.
References in periodicals archive ?
By 2018, Foxconn Technology Group, a Chinese subsidiary of Taiwanese electronics contract manufacturer Hon Hai Precision Industry will be constructing a combined 400,000kW of solar farms in China.
Taiwan's Foxconn also known as Hon Hai Precision Industry Co Ltd, the world's largest contract manufacturer of electronic products, will hire 100,000 new workers for greater manufacturing of the iPhone 6.
Hon Hai Precision Industry, also known as Foxconn, would be the primary manufacturer of the phone.
and Taiwanese business partner Hon Hai Precision Industry Co.
Summary: Sharp shares tumbled Wednesday morning after the Japanese electronics giant and Taiwan's Hon Hai Precision .
may join cooperation between Taiwan's Hon Hai Precision Co.
Foxconn, owned by Taiwan's Hon Hai Precision Industry Co, said it was investigating with schools how the interns were sent to its factory.
While the fresh lending by the two banks has defused Sharp's impending financial crisis for now, the company is under pressure to do much more to overhaul its finances given that it has yet to finalize on-going negotiations on a capital tie-up deal with Taiwanese business partner Hon Hai Precision Industry Co.
Looking at the business environment, Hon Hai Precision Industry, the key company of Hon Hai group, saw Sharp's LCD technology with high reputation, and decided to procure ultimately up to 50% of large-size LCD panels and LCD modules manufactured at the LCD panel plant in Sakai-city, Osaka, Japan.
Hon Hai Precision Industry Co Ltd, flagship of Taiwan's Foxconn Technology Group, would assemble the iPhone, one of the people said.