Foxconn

(redirected from Hon Hai Precision Industry)

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.
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References in periodicals archive ?
Aug 01, 2019 (China Knowledge) - Foxconn, an affiliate of Taiwan's Hon Hai Precision Industry, has invested in an RMB 61 bln (USD 8.9 bln) plant in Guangdong province.
Taiwan-based manufacturing giant Hon Hai Precision Industry Co.
The lead attorney for a group of Apple (AAPL) assemblers, including Hon Hai Precision Industry (HNHPF), Pegatron, Wistron and Compal Electronics, said the manufacturers, which are seeking at least $9B in damages from Qualcomm (QCOM), are not in settlement discussions with the chip supplier and are "gearing up and heading toward trial" in April, Reuters reports, citing the attorney.
Taiwan-based Foxconn, known formally as Hon Hai Precision Industry Co Ltd ( (https://www.reuters.com/finance/stocks/overview?symbol=2317.TW) 2317.TW ), is the world's largest contract electronics manufacturer and employs more than a million people.
The move is widely seen as a step for Foxconn, a major Apple Inc supplier formally known as Hon Hai Precision Industry Co , to wean itself off heavy reliance on manufacturing smartphones for the California-based iPhone maker and to diversify into new areas.
Apple's contract manufacturers Hon Hai Precision Industry Co, Wistron Corp, Compal Electronics Inc and Pegatron Corp have filed a US antitrust lawsuit against Qualcomm.
12 September 2016 - Taiwan-based electronics contract manufacturer Hon Hai Precision Industry Co.
26 August 2016 - The UK Competition and Markets Authority has decided not to refer the acquisition by Taiwan-based electronics contract manufacturer Hon Hai Precision Industry Co.
TAIPEI -- Hon Hai Precision Industry will spin off its connector manufacturing business in an initial public offering worth at least $1.5 billion, according to published reports.
Hon Hai Precision Industry, also known as Foxconn, would be the primary manufacturer of the phone.
To promote its MOD channels, the company has entered into cooperation with Hon Hai Precision Industry Co., Ltd.
Taiwan's Hon Hai Precision Industry, the world's largest contract maker of electronics, has also shown interest in the buyout, the Nikkei newspaper reported earlier.