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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 Hon Hai Technology Group, founded the group's anchor company, Hon Hai
Precision Industry Company Ltd. 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" 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") of over 50% and a five year CAGR of over 60%, 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, Hon Hai Technology Group possesses the competitive
advantage in speed, quality, engineering services, flexibility and cost. These
combined edge led to its superior growth. With over US$17 billion of 2004
consolidated revenue, Foxconn is also the World's No. 1 Manufacturing Services
Provider for 3C industry by revenue.
As a multinational, Hon Hai Technology Group has around 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
13,000 patents granted worldwide, but also ranked as number 12 worldwide in
MIT's 2004 Technology Review Patent Scorecard for computer industry.
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