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Foxconn

Foxconn
Company nameHon Hai Precision Industry Co., Ltd.
Company typePublic
IndustryElectronics manufacturing services
Founded1974
HeadquartersTucheng District, New Taipei City
Area servedGlobal
Key peopleTerry Gou (Chairman and President)
ProductsVarious
RevenueUS $ 59.3 billion (2010)
(-) 4.1% from 2008
Net incomeUS $ 2.2 billion (2010)
(+) 31.1% from 2008
Employees920,000+ (2010)

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The Foxconn Technology Group ( ) is a multinational business group anchored by the Hon Hai Precision Industry Co., Ltd. ( ; Lse - HHPD), a Taiwan-registered corporation headquartered in Tucheng, Taiwan. Foxconn is the world's largest maker of electronic components including printed circuit boards.

A large, secretive contract manufacturer it specializes in outsourcing manufacturing operations to cost efficient, highly productive third party nations such as China or Mexico, where it ensures that stringent manufacturing standards and high levels of quality are maintained. Due to it's dominance of this specialized outsourcing sector it is popular with European, Japanese and American companies wishing to keep labor costs down without sacrificing quality. Some of the most renowned products Foxconn makes include the iPhone and the iPad. It is the largest exporter in Greater China and the second largest exporter in the Czech Republic.

Foxconn has been involved in several controversies most relating to how it manages employees in China, where it is the largest private employer.


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