Hon Hai Precision Industry Co., Ltd. (鴻海精密工業股份有限公司), doing business as Hon Hai Technology Group (鴻海科技集團) in Taiwan, Foxconn Technology Group (富士康科技集团) in Mainland China, and Foxconn (富士康) internationally, is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng District, New Taipei City, Taiwan.
Analysts said the handover signals the company's future direction, underscoring the importance of semiconductors, together with technologies like artificial intelligence, robotics, and autonomous driving, after Foxconn's traditional major business of smartphone assembly has matured.
[21] In 2014, the company purchased Asia Pacific Telecom and won some spectrum licenses at an auction, which allowed it to operate 4G telecommunications equipment in Taiwan.
On 5 February 2020, Foxconn started producing medical masks and clothing at its Shenzhen factory in China during the Chinese New Year and the height of the COVID-19 pandemic.
[48]: 74 On 21 October 2022, and in response to a Covid outbreak at Zhengzhou Technology Park, Foxconn imposed restrictions on its iPhone assembly plant, with dine-in meal facilities closed.
[52] On 23 November, workers clashed with law enforcement over the harsh COVID restrictions and claims that Foxconn failed to provide the salary packages that were promised to new hires.
[53][54] All company facilities in South America are located in Brazil,[55] and these include mobile phone factories in Manaus and Indaiatuba as well as production bases in Jundiaí, Sorocaba, and Santa Rita do Sapucaí.
Hence, they started a new plant called Competition Team Technology (India) Private Limited in Irungattukottai (near Poonamallee, Chennai) which was later moved to Oragadam (Kanchipuram) in 2019.
[65] In August 2023, during its annual meeting, Foxconn reportedly stated that India at present accounts for more than 5% of the company's business and there is ample space for future investments.
[80] Foxconn announced on 26 July 2017 that it would build a $10 billion TV manufacturing plant in southeastern Wisconsin and would initially employ 3,000 workers (set to increase to 13,000).
[98][99] In January 2019, Foxconn said it was reconsidering its initial plans to manufacture LCD screens at the Wisconsin plant, citing high labour costs in the United States.
[101] In October 2021, Lordstown Motors announced a $250 million deal to sell a former GM plant to Foxconn, which would become a contract assembler for the company's Endurance pickup truck.
[125] Foxtron (鴻華先進科技) is a joint venture of Foxconn and Yulon Group founded in 2020 for vehicular manufacturing and research and development of electric vehicles.
[133] In reaction to a spate of negative press, particularly that involving worker suicides in which 14 people died[134] from January to May 2010, Steve Jobs defended Apple's relationship with the company in June 2010, citing that its Chinese partner is "pretty nice" and is "not a sweatshop".
[135] Meanwhile, however, a report jointly produced by 20 universities in Hong Kong, Taiwan, and mainland China described Foxconn factories as labour camps[136] with widespread worker abuse and illegal overtime.
The 2012 audit commissioned by Apple Inc. and performed by the Fair Labor Association found that workers were routinely subjected to inhumane bouts of overtime of up to 34 hours without a pay increase and suggested that debilitating workplace accidents and suicides may be common.
[138][139] A Hong Kong non-profit organisation, Students and Scholars Against Corporate Misbehaviour, has written numerous negative reports on Foxconn's treatment of its employees, such as in 2010 and 2011.
[140] These typically find far worse conditions than the 2012 Fair Labour Association audit did,[141] but they rely on a far smaller number of employee informants, circa 100 to 170.
[145] In October 2012, the company admitted that 14-year-old children had worked for a short time at a facility in Yantai, Shandong Province, as part of an internship programme,[146] in violation of the age limit of 16 for legal workers.
[146] Also in October 2012, there was a crisis concerning an injured worker in which 26-year-old Zhang Tingzhen[147] suffered an electric shock and fell in a factory accident[148] a year earlier.
[150] When his father attempted to get compensation in 2012,[149] Reuters reported that Foxconn told the family to transport and submit him for a disability assessment in Huizhou 70 km away, or it would cut off funding for his treatment.
[149] In February 2015, Beijing News reported that an official with the All China Federation of Trade Union (ACFTU), Guo Jun, said that Foxconn allegedly forced employees to work overtime, resulting in occasional death by karōshi or suicide.
Foxconn, in return, issued a statement questioning Guo's allegations, arguing workers wanted to work overtime to earn more money.
[152] In November 2017, the Financial Times reported that it had found several students working 11-hour days at the iPhone X plant in Henan province, violating the 40-hour-per-week mandate for children.
[159] Among the first cases to attract attention in the press was the death of Sun Danyong, a 25-year-old man who committed suicide in July 2009 after reporting the loss of an iPhone 4[160] prototype in his possession.
[144] There was also a series of suicides speculatively linked to low pay in 2010, though employees also noted that Foxconn paid higher wages than similar jobs.
[170] In January 2022, after assuring Apple and the Tamil Nadu government that it had taken the necessary corrective measures, Foxconn began reopening its factory and resuming work in phases.
In March 2021, Foxtron, the JV company of Foxconn and Yulon, announced cooperation with Nidec to strengthen the power on EV key component development.
In mid-2021, Foxconn announced that the company would enter into more semiconductor production and will be expanding into supplying chips for electric vehicles (EVs) and electronics equipment used for healthcare.
Based in Hsinchu, Taiwan, XSemi aims to consolidate the strengths and resources of the two market leaders, in addition to the upcoming multifaceted collaborations with leading semiconductor companies in product design, process and capacity planning, and sales channel.