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Hon Hai Precision Ind. Co. Ltd. |
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Guided by a belief that
the electronics products would be an integral part of every day life in every office
and in every home, Terry Gou, the chairman and CEO of Foxconn Technology Group,
founded the group's anchor company, Hon Hai Precision Industry Company Ltd. (“Hon
Hai”) in 1974 with US$7500, a devotion in integration expertise for mechanical and
electrical parts and an uncommon concept - to provide the lowest "total cost of
ownership" solution.
Hon Hai Precision Industry Ltd., also known as Foxconn, is the largest and fastest
growing multinational that provides joint-design, joint-development, manufacturing,
assembly and after-sales services for global Computer, Communication and Consumer-electronics
("3C") leaders. Leveraging its unrivalled execution and its proprietary eCMMs strategy
and business model, Hon Hai not only sports a stellar track record of ten year Compound
Annual Growth Rate ("CAGR") around 50%, but also is the largest manufacturing services
provider (including CEM, EMS, ODM and eCMMs) for 3C industry by Market Capitalization.
Due to the group's vertical integration and integration of mechanical and electrical
engineering, Foxconn Technology Group possesses the competitive advantage in speed,
quality, engineering services, flexibility and cost. These combined edge led to
its superior growth. With nearly US$60 billion of consolidated revenue in year 2009,
Hon Hai is also the World's No. 1 Manufacturing Services Provider for 3C industry.
As a multinational, Foxconn Technology Group has over 40 production and R&D centers
span across Asia, Europe and the Americas. The group counts leading global 3C brand
names among its strategic partner customers and global institutional investors collectively
as its majority shareholders.
Aside from its leading position on business front, Hon Hai is also a leader in technology.
Focusing on fields of nanotechnology, heat transfer, wireless Internet, material
sciences, and green manufacturing process in areas covering wide spectrum of 3C
products, the Company and its affiliates not only has over 35,000 patents granted
worldwide, but also ranked 14th U.S.-granted patents in 2009.
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