Foxconn
Foxconn, formally Hon Hai Precision Industry, is a Taiwan-listed electronics manufacturer founded in 1974 that also invests in electric vehicles, AI and semiconductors.
Industry: Electronics manufacturing services | Location: New Taipei City, Taiwan | Founded: 1974
About Foxconn
Foxconn is the trade name of Hon Hai Precision Industry Co., Ltd., a Taiwanese electronics manufacturer headquartered in Tucheng District, New Taipei City. Its website describes it as the world's largest electronics manufacturer, and its shares trade on the Taiwan Stock Exchange under the code 2317. It also lists a London listing under HHPD according to Wikipedia.
The company was founded on 20 February 1974 by Terry Gou, who retired as chairman effective 1 July 2019. Young Liu has been chairman and president since that date. Wikipedia reports 826,608 employees in 2025.
Foxconn organises its products into four pillars: smart consumer electronics, cloud and networking, computing products and components, and others. It also names electric vehicles, digital health, robotics, artificial intelligence, semiconductors and advanced communications as areas of focus, and links to the MIH Open EV Alliance. Its website lists manufacturing and research centres in China, India, Japan, Vietnam, Malaysia, the Czech Republic and the United States, and says the group holds more than 57,729 patents.
Acquisitions include Sharp, whose takeover was completed in 2016 and in which Foxconn holds 66 percent, and Belkin, bought by Foxconn Interconnect Technology for 866 million US dollars in March 2018. In the Middle East, Foxconn is a joint venture partner of Saudi Arabia's Public Investment Fund in Ceer, an electric vehicle brand launched in November 2022. Gulf News reported that Foxconn would develop Ceer's electrical architecture, with BMW licensing component technology. TechScoop reported in September 2026 that the Exobot is Ceer's first car.
For 2025, Wikipedia reports revenue of NT$8.1 trillion, about 260 billion US dollars, operating income of NT$259.22 billion and net income of NT$189.4 billion, and Foxconn's own profile cites revenue of about 259 billion US dollars. Fortune ranked it 28th on its 2026 Global 500.
On 16 October 2026, Hon Hai announced a final agreement with Mitsubishi Electric on a strategic alliance to jointly operate an automotive equipment business. Wikipedia adds that a subsidiary agreed to buy a 50 percent stake in Mitsubishi Electric Mobility for 115 billion yen, with closing expected in October 2027.