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[126], Since 2016 Foxconn has been replacing its workforce with robots, with robots having replaced 50% of Foxconn's labor force by 2016 with plans to completely automate factories. Hon Hai Precision Industry Co., Ltd., trading as Foxconn Technology Group and better known as Foxconn, is a Taiwanese multinational electronics contract manufacturer with its headquarters in Tucheng, New Taipei City, Taiwan. As of 2012, Foxconn factories manufactured an estimated 40% of all consumer electronics sold worldwide. ", Taiwanese multinational electronics contract manufacturing trading as Foxconn, Companies with an annual revenue of over US$3 billion, Hónghǎi Jīngmì Gōngyè Gǔfèn Yǒuxiàngōngsī. HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS JUNE 30, 2018 AND 2017 It not only supplied the group’s need for epidemic prevention, it also contributed to the general public and boosted the morale of the group. 2, Tzu Yu Street, Tucheng Di NEW TAIPEI 236 P: +8862.22683466 F: +8862.22686204 [28] However, as Sharp had undisclosed liabilities which was later informed by Sharp's legal representative to Foxconn, the deal was halted by Foxconn's board of directors. [32], The majority of Foxconn's factories are located in East Asia, with others in Brazil, India, Europe, and Mexico. [117] In September 2012, a fight at worker dormitories in Taiyuan, Shanxi, where a guard allegedly was beating a worker, escalated into a riot involving 2,000 people and was quelled by security. [117], In January 2012, there was a protest by workers about conditions in Wuhan, with 150 workers threatening to commit mass suicide if factory conditions were not improved. Foxconn manufactures electronic products for major American, Canadian, Chinese, Finnish and Japanese companies. The organization later confirmed those claims. The rest of the business has been sold to a new Finland-based company HMD Global, who started developing and selling new Nokia-branded devices from early 2017. Search by instrument name, code or ISIN. Co. Ltd. 3.Relationship with the Company (please enter "the company itself" or "subsidiaries"):the company itself. Jun also said that the illegal overtime resulted from a lack of investigation and light punishments. [70] However, numerous economists have also expressed skepticism that the benefits would exceed the costs of the deal. [33], Foxconn has 12 factories in nine Chinese cities—more than in any other country. [21] He resigned the same year, citing health problems. Hon Hai Precision Industry Co., Ltd. We have reviewed the accompanying consolidated balance sheets of Hon Hai Precision Industry Co., Ltd. and subsidiaries as of June 30, 2014 and 2015, and the related consolidated statements of comprehensive income for the three-month and six-month periods ended June 30, 2014 and 2015, as Hon Hai Precision Industry Co Ld Subsidiary obtaining Foxsemicon Integrated shares 28/09/2020 12:08:36 Cookie Policy +44 (0) 203 8794 460 Free Membership Login Monitor Terry Gou in the meeting then wrote a word "義" which means Righteousness on the white board, saying that Foxconn should honor the deal. [78] Environmentalists criticized the decision to allow Foxconn to draw 26,000 cubic metres (7×10^6 US gal) of water per day from Lake Michigan. Hon Hai Precision is the world's largest contract manufacturer of consumer electronics, communications and computer products. 2.Company name:Hon Hai Precision Ind. history. [120] His doctors protested the move for fear of a brain haemorrhage en route,[123] and the company stated that it was acting within labour laws. To the Board of Directors and Stockholders of Hon Hai Precision Industry Co., Ltd. Opinion We have audited the accompanying consolidated balance sheets of Hon Hai Precision Industry Co., Ltd. and its subsidiaries (the “Group”) as at December 31, 2017 and 2016, and the related consolidated It has invested hundreds of millions of yuan in Zhuhai, Guangdong province and Jinan in Shandong province to build chip factories since 2018, which Liu mainly promoted. "Foxconn Option for Henan's Migrating Millions: A New Factory in Zhengzhou. Concerns increased in early 2012 due to an article published in The New York Times in October 2011. The Company's business operations include desktop and notebook PC assembly, connector production, cable assembly, PCB assembly, handset manufacturing, networking equipment, and other consumer electronic devices manufacturing. [45] The company is considering more investments in Brazil.[46]. [34] A Foxconn branch that primarily manufactures Apple products is Hongfujin. The Turkey facility[50] is located 100 km west of Istanbul within European Free Trade Zone in the Corlu district. All that resulted from our colleagues’ hard work. Xinbei City meters. The company initially said the masks it makes will be for internal employee use. 2.Date of occurrence of the event:2020/11/12. Taiwan, Hon Hai’s Profit Beats Estimates Ahead of New IPhones, Foxconn Expands its Automotive Business to Boost Future Growth, Meet Taipei 2020 kicked off at Taipei Expo Dome. As of mid-2015, Foxconn was in talks to manufacture Apple's iPhone in India. [51] It was established in 2010. They also signed an MOU with the state government of Maharashtra to set up an electronics manufacturing plant in Maharashtra with an investment of $5 billion within a 5-year period. [106] In May 2010, Shanghaiist reported that security guards had been caught beating factory workers.[107]. [43], All company facilities in South America are located in Brazil,[44] and these include mobile phone factories in Manaus and Indaiatuba as well as production bases in Jundiaí, Sorocaba, and Santa Rita do Sapucaí. Foxconn has more than a million employees. Hon Hai Precision Industry Co., Ltd. provides electronic manufacturing services for computers, communications, and consumer electronic products. "Foxconn, HP Extend Contract Relationship". It is the biggest supplier to Apple, and business with Apple accounts for 50% of the company's overall revenue. [38], Covering about 3 km2 (1.2 sq mi),[39] the park includes 15 factories,[37] worker dormitories, 4 swimming pools,[40] a fire brigade,[10] its own television network (Foxconn TV),[10] and a city centre with a grocery store, bank, restaurants, book store and hospital. HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2018 AND 2017 (REVIEWED) (EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS, EXCEPT AS OTHERWISE INDICATED) 1. Buetow, Mike (April 2005). [120] In 2014, a court ruled that he did have to be assessed in Huizhou to receive compensation, with Foxconn offering a settlement for the father to recant his criticisms, which was refused. [63], The company invested $377 million in June 2014 to pick up a 4.9 percent shareholding in a South Korean IT services provider, SK C&C. [17] One of the key directions of Foxconn is to focus its strength on semiconductors. USD-Equity-HHPG: GDR (EACH REPR 2 SHS)(144A)-USD-Equity- Date of events:2020/11/12. [125], 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, in violation of the 40-hour-per week mandate for children. [133] In 2011, Foxconn also hired the PR firm Burson-Marsteller to help deal with the negative publicity from the suicides. [23], Expansion was further pursued after a March 2012 acquisition of a 10-percent stake in the Japanese electronics company Sharp Corporation for US$806 million and to purchase up to 50 percent of the LCDs produced at Sharp's plant in Sakai, Japan. [52] In 2015, Foxconn announced that it would be setting up twelve factories in India and would create around one million jobs. For report relying on 100 worker informants, see, "Hon Hai Precision Industry Co., Ltd. 2019 Annual Report", "Strikes End at Two Chinese Automotive Suppliers", "Table 3. [114] These typically find far worse conditions than the 2012 Fair Labour Association audit did,[citation needed] but they rely on a far smaller number of employee informants, circa 100 to 170. [81][82], In January 2019, Foxconn said it was reconsidering its initial plans to manufacture LCD screens at the Wisconsin plant, citing high labor costs in the United States.[83]. He Huifeng. HISTORY AND ORGANISATION Hon Hai Precision Industry Co., Ltd. ("the Company") … [48] [116] One worker said the protest resulted from 600 workers being moved into a new "unbearable" factory location. [109] During this time, however, a report jointly produced by 20 universities in Hong Kong, Taiwan and Mainland China described Foxconn factories as labor camps[110] with widespread worker abuse and illegal overtime. [64][65] As part of the agreement, Foxconn was set to receive subsidies ranging from $3 billion to $4.8 billion (paid in increments if Foxconn met certain targets), which would be by far the largest subsidy ever given to a foreign firm in U.S. [118], 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,[119] in violation of the 16 year age limit for legal workers. Hon Hai Precision Industry Co., Ltd. We have audited the accompanying consolidated balance sheets of Hon Hai Precision Industry Co., Ltd. and subsidiaries as of December 31, 2015 and 2014, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the years then ended. ", "Inside Apple's iPod factories - Macworld UK", "Foxconn Security Guards Caught Beating Factory Workers", "Foxconn Worker Plunges to Death at China Plant: Report", "Moral Issues Behind iPhone and Its Makers", "Foxconn audit finds illegal overtime and unpaid wages at Apple factory", "Apple's Foxconn Auditing Group 'Surrounded With Controversy', Critics Say", "WORKERS AS MACHINES: MILITARY MANAGEMENT IN FOXCONN", "FOXCONN AND APPLE FAIL TO FULFILL PROMISES: PREDICAMENTS OF WORKERS AFTER THE SUICIDES", "Suicide at Chinese iPhone factory reignites concern over working conditions", "Foxconn Workers Labor Under Guard After Riot Shuts Plant", "Foxconn says underage workers used in China plant", "Family Of Zhang Tingzhen, Brain-Damaged Foxconn Worker, Takes Company To Court", "Worker's injury casts harsh new light on Foxconn and China", "How China Is Screwing Over its Poisoned Factory Workers", "Zhang Tingzhen, Foxconn Employee Who Lost Half His Brain, Ordered To Leave Hospital (UPDATE)", "Foxconn's long hours causing workers' deaths: Union", "Foxconn has ten fully-automated production lines, aims to totally automate entire factories", "$43M fraud by Foxconn managers selling iPhones made from rejected parts", "Riots, suicides, and other issues in Foxconn's iPhone factories", "Apple Confirms Death of iPhone Worker in China", "IPhone Maker in China Is Under Fire After a Suicide", "The Real Truth Behind Foxconn’s Suicide Cluster", "Life and death in Apple's forbidden city", "Foxconn To Raise Wages Again at China Plant", "Coronavirus: iPhone manufacturer Foxconn to make masks' - BBC News", "Foxconn Plans to Lift Pay Sharply at Factories in China", https://en.wikipedia.org/w/index.php?title=Foxconn&oldid=991638816, Companies listed on the Taiwan Stock Exchange, Electronics companies established in 1974, Multinational companies headquartered in Taiwan, Articles with dead external links from April 2019, Articles with permanently dead external links, Articles with dead external links from September 2018, Articles containing Chinese-language text, Articles with failed verification from February 2019, Articles with unsourced statements from June 2012, Creative Commons Attribution-ShareAlike License. Hon Hai Precision Industry Co., Ltd., trading as Foxconn Technology Group and better known as Foxconn, is a Taiwanese multinational electronics contract manufacturer with its headquarters in Tucheng, New Taipei City, Taiwan. Reuters quoted Foxconn saying that 2.7 percent of its workforce in China were long or short-term interns. For report relying on 170 worker informants, see, This page was last edited on 1 December 2020, at 02:31. [24] However, the agreed deal was broken as Sharp's shares continued to plunge in the following months. [30], In 2016, Foxconn, together with Tencent and luxury-car dealer Harmony New Energy Auto, founded Future Mobility, a car start up that aims to sell all-electric fully autonomous premium cars by 2020. Fact: Foxconn and Wisconsin's Environment | Governor Scott Walker", "Foxconn to locate Wisconsin plant in Mount Pleasant", "Trump praises groundbreaking of Foxconn plant", "In Wisconsin visit, Trump praises Foxconn factory and again warns Harley-Davidson", "Exclusive: Foxconn reconsidering plans to make LCD panels at...", "BlackBerry enlists FoxConn as Q3 loss hits $4.4B", "Cisco signs over Mexico manufacturing facility to Foxconn", "Chinese Contractors: Foxconn's Underage Worker Use Affects Sony, Google, Apple, Amazon, Nokia", "Foxconn builds products for many vendors, but its mud sticks to Apple", "Chinese Foxconn Workers Threaten Mass Suicide Over Xbox Pay Dispute", "Nintendo to probe Foxconn conditions: report", "In China, Human Costs Are Built Into an iPad", "Sony Sources Foxconn to Help Manufacture PS3", "China's Xiaomi Technology to become Foxconn's major client: reports | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS", "Microsoft sells Nokia brand use to Foxconn and HMD global", "Nokia will return to mobile with Android phones and tablets", "By the Numbers: Life and Death at Foxconn", "Foxconn called to account for another employee suicide", "What Has Triggered the Suicide Cluster at Foxconn? [62] LCD televisions are also made in the country in Tijuana at a plant acquired from Sony. [51] It covers 14,300 sq. 12 November 2020 Subject:Merger involves Mainland China Subsidiaries. Hon Hai Precision Industry Co Ld. In 2010, it was the world's largest provider of electronics manufacturing services and the third-largest technology company by revenue. ", "Wisconsin's $4.1 billion Foxconn factory boondoggle", "Did Scott Walker and Donald Trump Deal Away the Wisconsin Governor's Race to Foxconn? His doctors did immediate surgery to remove part of his brain,[122] "[after which] he lost his memory and can neither speak, walk". [37] The park produces the bulk of Apple's iPhone line. These [77] The plant was estimated to contribute significantly to air pollution in the region. Electronics, electronic components, PCBs, PCB components, computer chips. In reaction to a spate of negative press, particularly that involving worker suicides in which 14 people died[108] 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". [105] Although Foxconn was found to be compliant in the majority of areas when Apple Inc. audited the maker of its iPods and iPhones in 2007,[10] the audit did substantiate several of the allegations. [117] In 2012 and into 2013, three young Foxconn employees were reported to have died by jumping off buildings. [4] The company is the largest private employer in Taiwan[5] and one of the largest employers worldwide. [14][15], Hon Hai Precision Industry Co. named Young Liu its new chairman to replace founder Terry Gou, effective on July 1, 2019. [50], 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). Notable products manufactured by Foxconn include the BlackBerry,[8] iPad,[9] iPhone, iPod,[10] Kindle,[11] Nintendo 3DS, Nokia devices, Xiaomi devices, PlayStation 3, PlayStation 4, Wii U, Xbox 360, Xbox One,[12] and several CPU sockets, including the TR4 CPU socket on some motherboards. The Company and its subsidiaries (collectively referred herein as the “Group”) are primarily engaged in the manufacture, On 25 May 2016, the BBC reported that Foxconn fired 60,000 employees because it had automated "many of the manufacturing tasks associated with their operations". [13], Foxconn has been involved in several controversies. [59], Foxconn has a facility in San Jerónimo, Chihuahua that assembles computers,[60] and two facilities in Juárez – a former Motorola production base that manufactures mobile phones,[61] and a set-top box factory acquired from Cisco Systems. [102], Foxconn has been involved in several controversies relating to employee grievances or treatment. [103] In China, it employs more people than any other private company as of 2011. Hon Hai Precision Industry Co., Ltd. (the “Company”) was incorporated as a company limited by shares under the provisions of the Company Act of the Republic of China (R.O.C.). [10], One of the important milestones for Foxconn occurred in 2001 when Intel selected the company to manufacture its Intel-branded motherboards instead of Asus. [49] It is the second-largest exporter in the Czech Republic. [123] When his father attempted to get compensation in 2012,[122] Reuters reported that Foxconn told the family that if they did not transport and submit him for a disability assessment in Huizhou 70 km away, they would cut off funding for his treatment. Hon Hai Precision is the world's largest contract manufacturer of consumer electronics, communications and computer products. Its founder and chairman is Terry Gou. Hon Hai Precision General Information Description. The acquisition was completed with a $3.8 billion deal on August 2016. News reports highlight the long working hours,[37][39] discrimination against Chinese workers by their Taiwanese co-workers,[104] and lack of working relationships at the company. Hon Hai Precision Industry Co Ltd. Merger involves Mainland China Subsidiaries. [112], In January 2012, about 150 Foxconn employees threatened to commit mass-suicide in protest of their working conditions. 2.Company name:Hon Hai Precision Industry Co., Ltd. 3.Relationship to the Company (please enter "head office" or "subsidiaries"):head office. It makes mobile phones, computers, servers, and TVs. Hon Hai Precision Industry Co., also known by its trade name, Foxconn, is the world's largest contract electronics manufacturer. [119], Also in October 2012, there was a crisis concerning an injured worker, when 26-year-old Zhang Tingzhen[120] suffered an electric shock and fell in a factory accident[121] a year earlier. [129] In reaction to a spate of worker suicides in which 14 people died in 2010,[108] Foxconn installed suicide-prevention netting at the base of buildings in some facilities[132] and promised to offer substantially higher wages at its Shenzhen production bases. Hon Hai Precision Industry Co., Ltd. We have reviewed the accompanying consolidated balance sheets of Hon Hai Precision Industry Co., Ltd. and subsidiaries as of June 30, 2014 and 2013, and the related consolidated statements of comprehensive income for the three-month and six-month periods then ended, and statements of [27], On 25 February 2016, Sharp accepted a ¥700 billion (US$6.24 billion) takeover bid from Foxconn to acquire over 66 percent of Sharp's voting stock. President Trump was in attendance to promote American manufacturing. In August 2012, it was reported that Sharp, while doing corporate restructuring and downsizing, was considering selling the plants to Foxconn. [55] In April 2019 Foxconn reported that they are ready to mass-produce newer iPhones in India. [33], Another Foxconn factory "city" is located at Zhengzhou Technology Park in Zhengzhou, Henan province, where a reported 120,000 workers are employed as of 2012.[42]. 6.Countermeasures: No 2, Zihyou Street RNS Number : 3357L. [18], Terry Gou established Hon Hai Precision Industry Co., Ltd. as an electrical components manufacturer in 1974. [115] The Fair Labour Association audit in 2012 used interviews with 35,000 Foxconn employees. [20], In January 2012, Foxconn named Tien Chong (Terry) Cheng chief executive of its subsidiary FIH Mobile Limited. [25] In September 2012, Foxconn announced plans to invest US$494 million in the construction of five new factories in Itu, Brazil, creating 10,000 jobs. The company was believed to be receptive to the plan. Young Liu was the semiconductor division chief as well as the vice chairman of Foxconn. [71][72][73][74][75] Others have noted that Foxconn has made similar claims about job creation in the past which did not come to fruition. In response to the scrutiny, Foxconn said it would cut overtime from the current 20 hours per week to less than nine hours a week. Stock analysis for Hon Hai Precision Industry Co Ltd (2317:Taiwan) including stock price, stock chart, company news, key statistics, fundamentals and company profile. [99], On 18 May 2016, FIH Mobile announced the purchase of Microsoft Mobile's feature phone business. [66][67][68][69] Some estimate that Foxconn is expected to contribute $51.5 billion to Wisconsin's GDP over the next 15 years, which is $3.4 billion annually. Foxconn has factories in Hungary,[47] Slovakia,[46] the Czech Republic,[48] and Turkey. The 2012 audit commissioned by Apple Inc. and performed by the Fair Labor Association found that workers routinely subjected to inhumane bouts of overtime up to 34 hours without a hike in pay and suggested that debilitating workplace accidents and suicides may be common. Hon Hai Precision Industry – Foxconn Electronics – is looking to have at least seven of its subsidiaries listed – either on Taiwan's over-the-counter stock market or the Taiwanese stock exchange – before the en of 2015. [121][124] His family later sued Foxconn in 2012, arguing in court that Tingzhen had been summoned to the wrong city. FIH Mobile is a subsidiary of Foxconn offering services such as product development and after-sales support. [19] By November 2007, Foxconn further expanded with an announced plan to build a new US$500 million plant in Huizhou, Southern China. [117], There was also a series of suicides which were linked to low pay in 2010. The Circuits Assembly Top 50 EMS Companies, 2009", "How China Built 'iPhone City' With Billions in Perks for Apple's Partner", "Who is the world's biggest employer? Major iPhone assembler Hon Hai Precision Industry Co. Ltd. is set to list its second subsidiary on the Chinese mainland, after the float of its first unit garnered overwhelming traction from investors in June.. Avary Holding (Shenzhen) Co. Ltd., a maker of printed circuit board (PCBs) under Taiwan’s Hon Hai, better known by its trade name, Foxconn, was issued a formal approval notice by … Foxconn's future expansion include sites at Wuhan in Hubei province, Haizhow, Kunshan in Jiangsu province, Tianjin, Beijing, and Guangzhou in Guangdong province, China. Tucheng The company is the largest private employer in Taiwan and one of the largest employers worldwide. Hon Hai makes no representation or warranty as to any third-party Content, products or services, and you agree that Hon Hai shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such third-party Content, products or services available on or through any such site or resource. [111] It reported evidences that substantiated some of the criticisms. These include but are not limited to Foxconn Precision Industry Co., Ltd., Hon Fujin Precision Industry (Shenzhen) Co., Ltd., Fu Tai Hon Precision Industry (Shenzhen) Co., Ltd., Hon Futai Precision Electronics (Yantai) Co., Ltd. and Fu Tai Hua Precision Electronics (Zhengzhou) Co., … [31] A Foxconn unit, Foxconn Interconnect Technology, acquired Belkin International for $866m on 26 March 2018. [22] At this time, Foxconn made up approximately forty percent of worldwide consumer electronics production. [112][113] A Hong Kong non-profit organisation, Students and Scholars Against Corporate Misbehavior, has written numerous negative reports on Foxconn's treatment of its employees, for example in 2010 and 2011. Hon Hai Precision Industry Co., Ltd. : We have audited the accompanying consolidated balance sheets of Hon Hai Precision Industry Co., Ltd. (the "Company") and its subsidiaries as of June 30, 2004 and the related consolidated statements of income, of changes in Insights on the Electronics Manufacturing Services Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, A2Z Smart Technologies Announces Final Closing of its previously announced Private Placement for aggregate gross proce, A2Z Smart Technologies Announces Receipt of Subscription Agreements for aggregate gross proceeds of CAD$8,344,000 in c, Interactive Whiteboard Market Procurement Intelligence Report with COVID-19 Impact Analysis | Global Forecasts, 2020-2024, A2Z Smart Technologies Provides Update of its Previously Announced Private Placement and Acquisition of Common Shares, Spectra7 Partners With Foxconn to Deliver Next Generation 800Gbps Data Center Interconnects, AI Chipmaker Hailo Launches Top-Performing M.2 and Mini PCIe AI Acceleration Modules to Enhance Performance of Edge Devices, Smart Education and Learning Management Market Size is Projected to Reach USD 270,630.32 Million by 2025 | Valuates Reports, A2Z Smart Technologies Qualifies to Trade on OTCQX. [57], As of 2011, Foxconn had at least seven factories in the Johor state,[58] at Kulai, where it is developing an industrial park that includes four factories that comprise fully automated assembly lines as well as fully automated packaging lines. [128], Suicides among Foxconn workers have attracted the media's attention. [29] A month later, on 30 March 2016, the deal was announced as finalised in a joint press statement, but at a lower price. Twitter; Facebook; LinkedIn; GooglePlus; Pinterest; Apr 29 2020 12:52 BST Source: RNS. The answer might not be what you expect", "BlackBerry shares surge 15.5% on Foxconn deal", "Apple Adding More iPad Production Lines To Meet Holiday and 2011 Demand", "Kindle screen maker will increase capacity to meet demand", "iPhone, Wii U Manufacturer Admits to Employing Children", "Apple, America and a Squeezed Middle Class", "Apple Supplier Foxconn Suffers 10th Death This Year, Asks Workers To Sign Anti-Suicide Pledge", "After Foxconn Suicides, Scrutiny for Chinese Plants", "iPhone Maker Hon Hai Names New Chairman to Replace Terry Gou", "Foxconn's new chairman Liu Young-way in spotlight as iPhone assembler navigates US-China trade war", "Foxconn Forms New Board; Young Liu Succeeds Terry Gou as Chair", "Foxconn International plans new $500 million South China plant", "Foxconn owner Hon Hai buying 10 percent stake in Japanese electronics giant Sharp for $806M", "Foxconn deal to become major shareholder in Sharp falls apart", "Foxconn to buy $390 million stake in Taiwan telecom operator in 4G push", "Sharp accepts $6.24 billion takeover bid from Foxconn", "Foxconn finalises Sharp takeover' - BBC News", "Foxconn unit to buy Belkin International for $866m", "Struggle for Foxconn Girl Who Wanted To Die", "Foxcon Plans To Increase China's Workforce to 1.3 Million", "Foxconn Workers in China Say 'Meaningless' Life Sparks Suicides", "Apple, Dell, and HP comment on suicides as Foxconn CEO shows off the pool", "Apple CEO visits Foxconn's iPhone plant in China", "Foxconn replaces '60,000 factory workers with robots' - BBC News", "Filial no Brasil acusada de pressão no trabalho", "Foxconn Says Looking at Investment Opportunities in Brazil", "Foxconn to lay off 1,500 in Hungary as orders drop", http://www.foxconn.com/tr/en/hakkimizda.html, "Foxconn diversifies with stake purchase in SK C&C", "Make in India: iPhone maker Foxconn in talks to build first Apple plant in India - The Economic Times", "5 Top Places for Camping in Karnataka-Native Planet-Travel Guide-WSFDV", "Gionee to Begin Production in India With Foxconn and Dixon", "Mass Production of iPhones to Start in India", "Sharp to transfer 3,000 overseas workers to Hon Hai", "Hon Hai cadang bina 4 kilang di Malaysia", "Foxconn spinoff effect has Santa Teresa flourishing", "Foxconn: Arson at Mexico Plant Work of Angry Ex-Employee", "Citigroup Likes Hon Hai's Purchase of Set-Top Box Plant", "Foxconn announces new factory in Wisconsin in much-needed win for Trump and Scott Walker", "State wouldn't break even on Foxconn incentives for 25 years", "$3B to Foxconn largest state 'gift' to a foreign company? [100][101] The total sale to both companies amounted to US$350 million. HON HAI PRECISION INDUSTRY CO. LTD instruments. He also served as chairman of the company's chip unit in Zhuhai, Guangdong province. [131] According to The Telegraph, Sun Danyong had been beaten by security guards. It was the simplest yet most important product Foxconn has ever made. Foxconn's first manufacturing plant in China opened in Longhua Town, Shenzhen, in 1988. In response, Foxconn announced that it has stopped the interns' illegal overtime work at the factory, where 3,000 students had been hired that September. , more commonly known by its trade name, Foxconn made up approximately forty percent worldwide! An estimated 40 % of all consumer electronics, communications, and business with Apple accounts for %... Phones, computers, communications and computer products involves Mainland China Subsidiaries purchase of Microsoft Mobile 's feature phone.! 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From a lack of investigation and light punishments in China were long or short-term interns acquired International. Foxconn was in attendance to promote American manufacturing transfer ): the company 's overall.. Allegations, arguing workers wanted to work overtime to earn more money broken Sharp. 2019 Foxconn reported that security guards founder and chairman is Terry Gou mass-produce newer iPhones in India was..., Shanghaiist reported that Sharp, while doing corporate restructuring and downsizing, was selling. In May 2010, it was the world 's largest contract manufacturer of consumer electronics worldwide! On 1 December 2020, at 02:31 34 million ransom from a of. Option for Henan 's Migrating Millions: a new `` unbearable '' factory location 48 ] one... 24 ] However, the agreed deal was broken as Sharp 's continued! Itself '' or `` Subsidiaries '' ): Merger involves Mainland China Subsidiaries 2019, was! Its strength on semiconductors on zero liquid discharge technology Foxconn workers have the! The largest private employer in Taiwan [ 5 ] and Turkey the illegal overtime resulted from our ’! The biggest supplier to Apple, and consumer electronic products second-largest exporter in the country the Hanoi, Vietnam facility. A series of suicides which were linked to low pay in 2010, it was reported that guards... International for $ 866m on 26 March 2018 Allegations of poor working conditions 236 P +8862.22683466... Questioning Guo 's Allegations, arguing workers wanted to work overtime to earn more money 29 2020 12:52 BST:! In October 2011 questioning Guo 's Allegations, arguing workers wanted to work with the negative publicity the! [ 77 ] the company was believed to be receptive to the Telegraph, Sun had. Deal on August 2016 [ 116 ] one of the 2019 Coronavirus led to a worldwide spike in demand masks...: report '' discussed its intent to work overtime to earn more money by... Deal was broken as Sharp 's shares continued to plunge in the southern city of Chennai feature phone.... [ 115 ] the total sale to both companies amounted to US $ 350 million ] According the. Overall revenue components, PCBs, PCB components, PCBs, PCB components PCBs! Was in talks to manufacture Apple 's iPhone in India vice chairman of deal. Of investigation and light punishments controversies relating to employee grievances or treatment the... Corporation jointly operate two manufacturing plants specialising in large-screen televisions in Sakai Osaka! In Longhua Town, Shenzhen, in January 2012, it was the yet... Believed to be receptive to the plan among Foxconn workers have attracted the media 's.! Worker said the masks it makes Mobile phones, computers, servers, and consumer electronic for... 866M on 26 March 2018 the key directions of Foxconn is spending 30! For report relying on 170 worker informants, see, this page was last on... Suicides which were linked to low pay in 2010 a series of suicides which were linked low..., the agreed deal was broken as Sharp 's shares continued to plunge in the country Tijuana. 35,000 Foxconn employees were reported to have died by throwing themselves off buildings new factory Zhengzhou!. [ 107 ] on several occasions GooglePlus ; Pinterest ; Apr 2020. Beating factory workers. [ 46 ], in January 2012, about 150 Foxconn threatened. York Times in October 2011 contract electronics manufacturer list consists of the Cayman Islands in 2000 article published in region... Belkin International for $ 866m on 26 March 2018 a worldwide spike hon hai precision subsidiaries for!, Guangdong province [ 127 ], in 1988 Camps: report '' deal on 2016... Plunge in the Czech Republic, [ 48 ] and one of largest... The semiconductor division chief as well as the vice chairman of Foxconn that the would! Was incorporated in the country also hired the PR firm Burson-Marsteller to help deal with the publicity! Call off the deal involves Mainland China Subsidiaries least four employees died by throwing themselves off buildings, Ltd. electronic. The Telegraph, Sun Danyong had been caught beating factory workers. [ ]... They are ready to mass-produce newer iPhones in India were long or short-term interns been caught beating factory.! The biggest supplier to Apple, and consumer electronic products in nine Chinese than... Are also made in the region or share transfer ): the company 's unit... Employers worldwide relying on 170 worker informants, see, this page was last edited on 1 December 2020 at! Manufacturing plants specialising in large-screen televisions in Sakai, Osaka, PCB components, PCBs, PCB components, chips! Acquisition was completed with a $ 3.8 billion deal on August 2016 into 2013, three young Foxconn employees reported. And Turkey that they are ready to mass-produce newer iPhones in India, servers, and with. Completed with a $ 3.8 billion deal on August 2016 the report: electronics! 20 ], in 2019, there was report stating that some of the report Foxconn!: +8862.22683466 F: +8862.22686204 hon Hai Precision Industry Co., Ltd. provides electronic manufacturing services [ 3 ] Turkey. Ltd. Merger involves Mainland China Subsidiaries iPhones in India is the largest employers worldwide by jumping buildings... 100 ] [ 101 ] the park produces the bulk of Apple 's iPhone in India among Foxconn workers attracted. Electronics giant hit by ransomware, $ 34 million ransom one worker said the masks it makes will be internal. [ 46 ] the park produces the bulk of Apple 's iPhone in India hon hai precision subsidiaries two plants...

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