Want China Times — Taiwan-based Hon Hai Precision Industry Co (Foxconn), the world’s largest contract electronics maker, said Thursday that it is planning to replace 30% of its workforce with robots within the next five years to improve manufacturing efficiency. The initiative will allow Hon Hai to replace monotonous jobs with robots and allocate some of the 30% to higher-level tasks such as developing software, engaging in e-commerce business and designing human-computer interfaces to improve artificial intelligence and robot management, company chairman Terry Gou said at a meeting with shareholders.
Want China Times — Japanese electronics manufacturer Sharp said it will not refuse financial help from Taiwanese contract electronics manufacturer Hon Hai even though the two companies failed to reach partnership agreement three years ago, reports our Chinese-language sister paper Commercial Times. In March 2012, Sharp was said to have rejected Hon Hai in its bid to acquire a 9.9% stake in Sharp for 66.9 billion yen (US$559 million) which would’ve allowed Hon Hai to have a say in the Sharp’s management.
Taiwan Semiconductor Manufacturing (TSMC) and Hon Hai Precision Industry are among the top firms globally in terms of the number of patents obtained in the United States this year, the only two Taiwanese companies to gain that distinction, according to a recently released list. TSMC, the world’s largest contract chip maker, was granted 620 patents in the US between January and May this year, ranking 16th on the list of the “most innovative” companies worldwide.
Apple will work with Foxconn Technology Group–known as Hon Hai Group in Taiwan–to promote its Asia-Pacific data center located in China’s Guizhou province, Chinese media reported Thursday. Lisa Jackson, Apple’s vice president of environmental initiatives, said the company attaches great importance to big data industry, with emphasis on data security and the values of data mining concepts.
Taiwan’s Hon Hai Precision Industry, the world’s largest contract electronics maker, is accelerating its efforts to develop its e-commerce platform, as part of a plan to expand into businesses other than manufacturing. Hon Hai, also known as Foxconn Technology Group, announced May 25 that its subsidiary Hongfujin Precision Industry (Shenzhen) had acquired an import company, Shenzhen Fuxuntong Trading. The announcement of the 80 million yuan (US$12.9 million) investment came the day after Hon Hai’s FoxconnMall.com, a one-stop business-to-business e-commerce portal, went online.
FIH Mobile, a subsidiary of Hon Hai Precision Industry, said Wednesday that the company will work with a Chinese photo software developer to penetrate emerging Southeast Asian countries and India. FIH said that it is planning to set up a joint venture with China-based smartphone photo software developer Meitu, taking aim at the booming smartphone markets in Southeast Asia and India.
Taiwan-based telecom operator Asia Pacific Telecom and 4G service operator AMBIT, both affiliates of electronics contract manufacturing giant Hon Hai (Foxconn), will jointly invest NT$2 billion (US$65 million) for 4G base stations and equipment in Taiwan, reports our Chinese-language sister paper Commercial Times. Four major telecom equipment providers — Nokia, Alcatel-Lucent, Ericsson and Huawei — are among the bidders for this tender. The report said Huawei and Ericsson did not offer prices.
TAIPEI–The world’s biggest electronics manufacturer for hire, Hon Hai Precision Industry Co. (鴻海), posted higher sales for the first quarter of this year, compared with the same period last year, due to solid demand for two of the products it makes — Apple Inc.’s new iPhone models — the iPhone 6 and the iPhone 6 Plus, analysts said Saturday. They said that after Apple launched the two new iPhone models in September, strong demand extended to the first quarter of this year from the fourth quarter of last year, helping Hon Hai, which has been dubbed one of the most important “Apple concept stocks” in Taiwan, record a more than 14 percent year-on-year sales increase for the three-month period.
Taiwan’s Hon Hai Precision and South Korea’s SK C&C, a subsidiary of SK Group, will establish a joint venture to provide information technology services in mainland China. Hon Hai said that the joint venture will first provide information technology services to Hon Hai’s plants in mainland China and offer integrated security systems to other companies in mainland China. According to Hon Hai, the joint venture, which will be formally launched in May 2015, will also explore information technology business opportunities in medical and financial sectors.
Taiwan-based Hon Hai Precision Industry wants to participate in the management of Sharp if it is to invest in the struggling Japanese electronics maker, Hon Hai chairman Terry Gou said in a report in Toyo Keizai. In an interview published in the Japanese weekly Friday, Gou said Hon Hai is ready to support Sharp financially, but the support is contingent on being able to join in the Japanese company’s management. Gou said he has not met with Sharp president Kozo Takahashi in a year, but if the Sharp executive wanted to see him, he would be able to fly to Japan at any time.
A retail subsidiary of Hon Hai Precision Industry, the world’s largest contract electronics manufacturer better known by its trading name Foxconn, plans to open 20 stores in China for technology innovators known as “makers,” by the end of the year, a company executive said on Sunday. According to Wang Jung-ching, general manager of Big Cyber, a new retail brand under Hon Hai’s Cybermart consumer electronics chain in China, his firm will open new stores in Beijing and Guangzhou in April and May after already a first store in Shanghai.
TAIPEI/TOKYO: Taiwan’s Hon Hai Precision Industry is considering joining efforts to help rescue Japanese electronics maker Sharp, the company said in a statement late on Friday. Hon Hai’s willingness to ‘participate’ in Sharp has never been limited to investing, but could include technology licensing transfer and other forms of cooperation, according to the statement from Hon Hai, which is also known as Foxconn.
New Taipei District prosecutors on Thursday summoned a Hon Hai Precision Industry executive for questioning on allegations that he had stolen 4,000 iPhone 6 handsets. Initial findings of an investigation revealed that the suspect surnamed Tsai is a veteran executive at Hon Hai, the world’s largest electronics contract manufacturer which manufactures many Apple products.
TAIPEI–Hon Hai Precision Industry Co., the world’s largest contract electronics maker, posted a record high in sales in 2014, with market analysts attributing the growth to an increase in orders from U.S. consumer electronics giant Apple Inc. The strong sales for 2014 are expected to help Hon Hai break a record in net profit, analysts said.
With Internet of things (IoT) applications growing popular, many Taiwan-based ODMs and EMS providers are planning to establish fund-raising platforms to attract partnerships with designers worldwide, according to sources from the upstream supply chain. Foxconn Electronics (Hon Hai Precision Industry) established the kick2real website in April, while Quanta Computer is also considering establishing a similar platform.
Due to the fast sales of Apple’s new products, Hon Hai achieved combined operating revenue of NTD468.999 billion, which was about CNY94 billion, in October 2014, representing a year-on-year increase of 22.58% and an increase of 12.9% compared with September 2014. Hon Hai revealed that its combined operating revenue in October 2014 was the second highest monthly revenue in the company’s history, which was only second to its NTD490.931 billion revenue in December 2013.
TAIPEI–Telpa, a Turkish mobile phone supplier, is planning to work with Taiwan-based high-tech giant Hon Hai Precision Industry Co. (鴻海) to roll out mobile phones and tablet computers in Turkey, according to Reuters. Cited in the report, Telpa Chief Executive Sebahattin Yaman said that while Hon Hai, also known as Foxconn, plans to invest in Turkey to produce cellphones and tablets, the Taiwanese firm is also considering moving production of other gadgets to the country.
TAIPEI — Analysts on Tuesday attributed the 10-percent month-on-month sales rise posted in October by Hon Hai (鴻海) Precision Industry Co., the world’s largest contract electronics maker, to rising orders from Apple Inc. Hon Hai, which assembles iPhones and iPads for Apple, has been dubbed one of the most important “Apple concept stocks” in the local market as the U.S. consumer electronics giant accounts for more than 40 percent of Hon Hai’s total sales.
TAIPEI: Hon Hai Precision Industry Co Ltd said Friday it was reviewing its investment plans after media reports said the major Apple Inc supplier may invest up to US$5.7bil (RM18.69bil) in a factory to make smartphone displays in China. On Thursday, The Wall Street Journal reported that Hon Hai was in talks with the government of Zhengzhou, in Henan province, about investing as much as 35bil yuan (RM18.76bil) in a new factory that would make high-end screens for iPhones and other mobile devices.
TAIPEI–Asian tech giants are fast-rivaling their Western counterparts, with Taiwan’s Hon Hai (鴻海) Precision Industry Co. an example of that rising power, according to an article posted on the Forbes website. “Call them copycats if you want, but the Asian tech giants from South Korea, Taiwan and China are fast becoming the new Ciscos and IBMs of the world,” according to the article published Oct. 5.