Foxconn: No 1 Contract Electronic Maker
Hon Precision Industry Co. as a Foxconn Technology Group Is a Taiwanese multinational electronics contract manufacturing company, which is headquartered in Tung, New Taipei, Taiwan. Foxconn is the world’s largest contract electronics manufacturer and fourth-largest information Technology Company. Income. Moreover, The company is China’s largest private employer and is the world’s largest employer. Moreover, Its founder and chairman are Terry Gau.
Foxconn is primarily a contract manufacturer; Consumers include major American, Canadian, Chinese, Finnish and Japanese electronics and information technology companies.
- Nintendo 3DS
- PlayStation 3
- PlayStation 4
- Wii U
Moreover, One makes significant customers and products, including one.
Foxconn-Company has been involved in several disputes, including suicides in its Chinese factories in 2010, accusing employees of his treatment and working conditions.
Founded: February 20, 1974, 43 years ago
Founder: Terry Gou
Headquarters: Tucheng District, New Taipei, Taiwan
Products: Electronic, Electronic Component, PCBs, PCB Component,
Revenue: US$136.12 billion
Operating Income: US$4.988 billion
Net income: US$70.10 billion
Total Assets: US$70.10 billion
Total equity: US$30.60 billion
Number of Employees: 1.3 million
Hon Hai Precision Industry Co., Ltd. was established by Terry Gau as the manufacturer of limited electrical components in 1974. Foxconn was originally the business name of Honorable Hai, and the subsidiary got the name later. Moreover, Manani Hain’s first production plant in Mainland China opened in 1988 in Longhua Town, Shenzhen.
In 2001, Intel switched Foxconn-Company production with the introduction of Intel-branded Motherboards. At November 2007, Foxconi announced plans to build a new US $ 500 million plants in Huazhou, Southern China. On January 2012, Fioncon named Tian Chen (Terry Chengling) chief executive; Moreover, He resigned shortly after giving cause for health problems. In March 2012, Foxconi agreed to buy 10% stake in Japan’s electronics company Sharp Corporation, to buy 80% of US $ 806 million and 50% of the LCD manufactured in the Sharpe plant in Japan’s Susa. On September 2012, Foxconi had planned to invest $ 494 million in the production of five new factories in Itu, Brazil, in which 10,000 jobs were created.
In 2014, the company purchased Asia Pacific Telecom, and obtained some spectrum licenses in the auction and allowed it to run 4G telecommunications equipment in Taiwan.
On February 25, 2016, Sharpe accepted a $ 700 billion takeover bid from Foxconn, which receives more than 66 percent intense voting stock. However, hours later the deal was caught after “accidental liability … billions of dollars worth of … come into light.” Joint Press Statement, which was released on 30th March 2016, concludes the deal, but at a significantly lower price than a month ago.
The International Foxconn
Foxconn has 12 factories in nine Chinese cities – in any other country.
Foxconn’s largest factory in Longhua Town, Shenzhen, where hundreds of workers are employed in LakhiaAhua Science and Technology Park, sometimes called “Foxconn City”. Moreover, It covers approximately 1.16 square miles (3 square kilometers), with 15 factories, worker dormitories, 4 swimming pools, fire brigades, its own television network (Foxconn TV), and the city with a grocery store, bank, restaurant, bookstore The centre is included. , And some employees of the hospital live in nearby towns and villages, while others remain complex and functional; A quarter of employees live in dormitories, and many of them work 12 hours a day for 6 days each week.
Foxconn’s second “Cities” Zhengzhou Technology Park is in Zhengzhou, Henan Province, where 120,000 employees are operational till 2012.
Foxconn-company continues to expand, and the planned factories include sites at Huanshou, Huizhou, Jiangsu Province in Kunshan, China, Guangdong Province, Beijing, and Guangzhou, in the province of Hubei.
On May 25, 2016, the BBC noted that Foxco had removed 60,000 employees because they were “many of the manufacturing tasks involved in our operations”. Moreover, Foxco has confirmed these claims.
In South America, all the company’s facilities are located in Brazil, and there are manufacturing bases in Manaus and IndiTuba mobile phone factories and in Jundia, Sorocaba and Santa Rita do Sapukai. Moreover, The company is considering more investments in Brazil.
Foxconn-Company holds a factory in Hungary, Slovakia, Turkey and the Czech Republic. Foxconn factories are strategically positioned to ensure fast fulfilment for its customers in Europe. Moreover, It the second largest exporter in the Czech Republic.
Foxconn has an operational unit in Chennai from 2006 to the Special Economic Zone of Tamilnadu. The unit closed on December 24, 2014. So 25,000 employees affected. In mid-2015, Foxconn Technology was negotiating to produce Apple’s iPhone in India. In 2015, Foxan announced that it would set up twelve factories in India and create about one million jobs. Foxconn will invest in India in 2015 in manufacturing, energy and e-commerce sectors.Moreover, Foxcon-Company will also supply chain companies in India. India will work with Adani for a more efficient expansion of Foxconn-Company in India. In August 2015, Foxcon invested in Snapdeal. On August 8, 2015, Foxconn signed a MoU for setting up an electronics manufacturing plant in Maharashtra with a $ 5-billion investment in Maharashtra over a period of 5 years. Moreover, Recently, he started producing products for Zyami, One Plus and Geoani.
Foxconn-Company and Sharp Corporation have jointly run two large-screen television productions in Sakai, Osaka. In August 2012, it was reported that while Sharp, corporate restructuring and downsizing, Foxconn thinking of selling plants, which considered to accept the plan. Moreover, When Foxconn bought Sharp in 2016, potentially acquiring these plants.
As of 2011, at least seven Foxconn factories in the state, probably at Kualai, where it developing an industrial park. Moreover, in which four factories finished.
Foxconn Company has a facility in San Jerónimo, Chihuahua, which combines Cubussals, and Juarez has two facilities – a Motorola production base, which produces mobile phones and a set-top box factory acquired from Cisco Systems. Moreover, In Sony, a factory acquired by Foxconn, LCD television also made in the country.
The company invested $ 377 million in June 2014 to get 4.9% shareholding in South Korean IT service provider SK C & C.
President Donald Trump announced on July 26, 2017, that Foxcon will make a $ 10 billion flat-screen TV production plant in Southeastern Wisconsin.
The transaction criticized for $ 3 billion in tax-payer funding initiatives given to Foxcon Company. The state of Wisconsin will have to subsidize $ 250 million Foxconn every year for fifteen years. Moreover, An analysis by the Wisconsin State Assembly’s non-partisan budget office has determined that state taxpayers will withdraw their investment in 2043.
In return, the deal will return approximately $ 181 million per year. Moreover, According to economics professor Michael Hicks, this loss is Foxconn for $ 1,200 from each family.
Foxconn Company will also be exempt from the environmental impact statement and will be able to avoid some other environmental protection regulations which other companies should abide by. Moreover, On October 4, 2017, Foxconn agreed to find his plant in Mount Pleasant in the state of Wisconsin.
- Acer Inc.
- com (United States)
- Apple Inc. (United States)
- BlackBerry Ltd. (Canada)
- Cisco (United States)
- Dell (United States)
- Google (United States)
- Hewlett-Packard (United States)
- Huawei (PRC)
- InFocus (United States)
- Intel (United States)
- Microsoft Corp. (United States)
- Motorola Mobility (United States)
- Nintendo (Japan)
- HMD Global (Finland)
- Sony (Japan)
- Toshiba (Japan)
- Vizio (United States)
- Xiaomi (PRC)
- Nextbit Robin (United States)
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