Manufacturer Introduction: Foxconn Technology Group Manufacturer

Foxconn, a company that trades as Hon Hai Technology Group in China and Taiwan is the world’s leading multinational electronics contract manufacturer whose headquarters are based in Taipei, Taiwan. Established in 1974, the company has recorded steady growth both in size and revenue. In 2021, its annual revenue hit 6.83 trillion Taiwan dollars (USD 214 billion). It was ranked among the top 20 Fortune Global 500 in 2023. All these achievements just show why Foxconn is among the biggest names in the electronics industry.

Even though Foxconn is headquartered in Taiwan, the majority of its assets are in China. This is where the company earns the biggest percentage of its revenue.

Foxconn manufactures products for different major corporations around the world. Most of these clients are the world’s leading electronic appliance manufacturers. These companies are in China, Japan, the USA, Japan, Finland, Canada, and many other countries that are known for hosting some of the biggest tech companies in the world.

Some of the notable companies that are associated with Foxconn products include iPad,iPod, Playstation gaming consoles, Google Pixel devices, Xiaomi devices, Xbox consoles, and CPU sockets, among others. It is estimated that Foxconn manufactures 40% of consumer electronics that are sold worldwide.

Brief history

The history of Foxconn dates back to 1974 when the company was founded. Terry Gou founded Hon Hai Precision Industry Co., Ltd and it operated as an electrical components manufacturer. The first manufacturing plant was located in Mainland China and was established in Shenzhen.

Foxconn recorded one of its biggest milestones in 2001 when it was selected to manufacture Intel-branded motherboards. In 2007, the company announced plans to build a mega $500 million plant in Huizui, Southern China. By 2012, Foxconn was heavily dominating the electronics market such that it was estimated that 40% of electronics in the global market were from the brand.

The expansion has always been part of the Foxconn. Like most companies in the industry, Foxconn made several acquisitions and mergers. All have largely contributed to its steady growth and expansion as a provider of various electronic solutions.

In 2012, Foxconn acquired a 10 percent stake in Japanese electronics giant Sharp Corporation. The deal included purchasing 50% of Sharp’s LCD plant which was located in Sakai, Japan. In the same year, Foxconn revealed plans to set up five new manufacturing facilities in Brazil, an investment that would generate up to 10,000 job opportunities.

In 2014, Foxconn bought Asia Pacific Telecom, an investment move that made it easier to win spectrum licenses at an auction. These licenses allowed the company to operate 4G telecommunications equipment in Taiwan.

In 2016, Foxconn finally bought 66% of Sharp’s voting stock. In the same year, the company partnered with Tencent and Harmony New Energy Auto to found Future Mobility, an automotive startup that aimed at selling all-electric autonomous vehicles by 2020.

In 2019, Foxconn was ranked 25th among the Forbes Top 100 Digital Companies. In the same year, the company established a new strategic goal that was geared at focusing on electric vehicles, robotics, and digital health industries. The company also announced a total commitment to the fields of artificial intelligence, semiconductor technology, and next-generation communication technologies. All these fields were expected to define the next phase of the company’s growth.

In 2021, Foxconn announced that it was putting more focus on the semiconductor production field. Given the developing trends and events on the global scene, Foxconn would focus on semiconductor chips for health technology and electric vehicles. To achieve this goal, the company entered into a partnership with Xsemi Corporation to expand its semiconductor production capacity.

In 2022, Foxconn partnered with Iverdanta Limited, India’s multinational group to start manufacturing semiconductor chips in India. However, Foxconn dropped out of this deal. In the same year, Foxconn acquired arWQana Technologies, a wireless technology company. It also partnered with an IC designing company AchernakTek, a move that made it possible for Foxconn to extend its aggressiveness in designing and developing semiconductor chips for the automotive industry. The company also got into developing semiconductor chips for 5G infrastructure.

Still in 2022, the automotive division of Foxconn partnered with Luxugen to launch the first full electric vehicleLuxgen n7.

Foxconn products and services

As a leader in the field of electronics and technology, Foxconn provides a wide range of products and services. All of the company’s products are directly related or connected to electronics.

Foxconn is a market leader in smart consumer electronics such as smart TVs, gaming consoles, smartphones, smart audio devices, and wearable devices, among others.

It is also a manufacturer of computing and networking devices that are used for general applications and industrial applications. These products include routers, servers, data centers, and edge computing devices.

Electronic components are among the primary products from the manufacturer. It manufactures a wide range of electronic and technological products such as integrated circuits, semiconductor products, optical components, electronic components, and automotive components among others. It also provides services that are directly related or connected to all the products that it manufactures. It also provides connectors that are used with these electronic components.

Foxconn also provides computing products. These are the normal computing equipment that are used for daily tasks or activities. They include computers tablets and their peripheral devices.

Since Foxconn has been in this business for many years, it has been serving different existing industries that have been embracing technology. Similarly, the company has been committed to meeting the demands of the emerging technologies. It does so by providing relevant electronic components and products. These fields include artificial intelligence and electric vehicles.

Foxconn global presence

The fact that Foxconn is a multinational company means that it has a m, massive global presence. It has up to 137 campuses and offices in more than 24 countries around the globe. The company has key manufacturing facilities in mainland China, Malaysia, Brazil, Mexico, and some parts of Europe, Otherwise, the distribution offices are in technically all the regions around the world.

In addition to its offices and campuses, Foxconn has partnered with independent distributors who facilitate the distribution of the company's products. ICRFQ is one such distributor.

As an established electronic components distributor, you can fully trust us whenever you need original products from Foxconn. All you need is to contact us and we will deliver.