TOPIC

/ company

Foxconn

Trading as Foxconn, Hon Hai Precision Industry is the world's biggest maker of electronic components by revenue. Primarily an original equipment manufacturer, the company is best known as a supplier to Apple, but also counts Microsoft, Amazon, HP and Sony among its clients. Foxconn has also sought to break into new sectors, including electric vehicles and space satellites. Over the years, the company has been embroiled in a number of controversies over pay to its workers and employee suicides.

Chairman / President

Young Liu

CEO / Managing Director

Young Liu

CFO / Finance Director

Huang Chiu-lien

Industry

IT / Tech / Telecoms

Website

foxconn.com

Headquarters address

No. 2, Zihyou Street, Tucheng Dist., New Taipei City 236, Taiwan

Stock Code

TWSE:2354

Year founded

1974

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Foxconn Technology Group has been expanding capacity in the US, as a major supplier of AI servers and related networking gear. Photo: Shutterstock

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Apple’s supply chain expansion could be affected by Foxconn’s recall of 300 Chinese engineers from India. Photo: Shutterstock

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A unit of Foxconn Technology Group took part in the recent Series D funding round of Robocore. Photo: Shutterstock

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Beyond its work as an Apple supplier, Foxconn Technology Group has a big AI server business and is actively expanding its electric vehicle operations. Photo: Shutterstock

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Li Dongsheng, founder and chairman of TCL, speaks at a World Economic Forum panel in Tianjin. Photo: Handout

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Nvidia co-founder and CEO Jensen Huang delivers a keynote speech for Computex 2025 in Taipei on May 19. Photo: AFP

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A Foxconn electric two-wheeler powertrain system displayed at the company’s annual tech day in Taipei on October 8, 2024. Photo: Reuters

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Foxconn

Nvidia’s Jensen Huang urges TSMC to expand capacity amid AI chip crunch

Taiwan trip highlights supply chain strains, with Huang saying Nvidia alone could potentially require TSMC to more than double its capacity.

.css-1m2rp1p{color:#34b8b5;}Opinion | Does AI’s rise have to mean job losses? East Asia tells a different story

Opinion | Reinventing Kaohsiung: Taiwan’s port city transcends its industrial past

Taiwan’s Foxconn expands AI hardware push with OpenAI deal

Foxconn sees profits soar after shifting its focus from low-margin iPhone assembly to AI servers that are now in huge demand.

UBTech’s 2026 humanoid robots production to grow 10-fold to 5,000

Production cost is falling 20 per cent every year, says UBTech’s chief branding officer Michael Tam during an interview with the Post.

Nvidia and Apple supplier Foxconn posts 17% rise in third-quarter profit

Net profit for Nvidia’s biggest server maker and Apple’s top iPhone assembler hits US$1.89 billion, higher than US$1.62 billion estimate.

Nvidia China hopes rekindled as Trump flags Blackwell chip talks with Xi

Expectations that Nvidia could resume AI chip sales to China lift its shares to record highs, as CEO signals confidence in a Trump deal.

Chinese display manufacturing giant BOE makes foray into robotics, AI software

The company’s push into robotics reflects China’s position as the world’s largest market for industrial robots in 2024.

Super Typhoon Ragasa disrupts iPhone production, cross-border e-commerce

Beyond factory walls, the typhoon interrupts vital transport and logistics arteries connecting China to global markets.

Apple’s India push faces hurdle as Foxconn recalls 300 Chinese staff

The recall of engineers is the second in recent months, and comes as Beijing reportedly curbs tech exports to prevent manufacturing departures.

Foxconn unit invests US$30 million in Hong Kong-based Robocore

The capital injection is expected to help Robocore accelerate growth and expand into new markets.

Apple contractor Foxconn ramps up hiring at China factory ahead of iPhone 17

New recruits who stay at the factory for three months qualify for a bonus of up to US$1,113, a significant hike from early July.

Foxconn shifts focus away from iPhones as AI servers drive growth

Foxconn’s revenue from making AI servers and other cloud and networking products surpasses smart consumer products for the first time.

Apple supplier Foxconn partners with motor maker Teco to build AI data centres

The move underscores Foxconn’s efforts to grow beyond its traditional role as Apple’s main iPhone assembler, as it taps opportunities in AI.

‘Summer Davos’ calls for China’s firms to move manufacturing abroad for success

Executives say China’s companies should fully relocate production to secure supply chains against tariffs, trade restrictions as they expand.

Apple is shipping nearly all of its India-made iPhones to the US

From March to May, Foxconn exported iPhones worth US$3.2 billion from India, with an average of 97 per cent shipped to the US.

Foxconn expects robust revenue growth from AI despite US tariffs

The world’s largest contract electronics manufacturer plans to enter the US market by the end of this year, chairman Young Liu says.

China can shrug off Trump’s bid for US-made iPhones

Building the supply chains, manufacturing know-how and labour force for Apple to manufacture its iconic devices in the United States is easier said than done.

India’s stock market rated above Japan and China by more fund managers: survey

Fund managers are confident that India will benefit more from the US-China trade war, according to the Bank of America Securities survey.

Foxconn invests in India as Apple moves iPhone production from China

Apple is looking to import most of the iPhones it sells in the US from India by the end of 2026.

Nvidia’s Huang teases new Taiwan office, supercomputer plans in Computex speech

In his keynote speech at Computex in Taipei, Jensen Huang said Nvidia secured a lease for a new property and is partnering with local firms, including Foxconn.

China’s industrial robot output soars, as Unitree and UBTech take lead

Production of industrial robots in April outpaced increases seen in earlier months amid national enthusiasm around the technology.

Trump says he told Apple CEO: ‘I don’t want you building in India’

The comments throw a wrench into Apple’s plan to import most of the iPhones it sells in the US from India rather than China.

US smartphone shipments jumped 30% in March on tariff anticipation

Manufacturers such as Apple and Samsung increased shipments ahead of US announcement of new tariffs.

Foxconn profit surges amid AI boom, but trade tensions cloud outlook

The Taiwanese iPhone assembler and AI server maker reported a 91 per cent leap in first-quarter profit but downgraded its full-year outlook.

Japan’s Nissan to axe 20,000 jobs, shut factories after huge loss

The carmaker’s biggest loss in a quarter of a century has prompted drastic action, including the closure of seven plants.

On Balance | How Trump’s erratic tariffs could crash his US car production goals

While levies may prompt some foreign carmakers to start scaling up US-based production, many see a market plagued by uncertainty and risk.

Inventec joins wave of Taiwan electronics firms expanding in US

Firm’s plan for US$85 million Texas server plant follows similar commitments by fellow Taiwanese ODMs Foxconn, Wistron and Wiwynn.

Opinion | Does AI’s rise have to mean job losses? East Asia tells a different story