Foxconn Logo

Hon Hai Precision Industry Co., known as Foxconn, is a multinational electronics contract manufacturer based in Taiwan. Established in 1974 by Terry Gou, Foxconn has grown to be the world’s leading electronics contract manufacturer and the fourth-largest company in the information technology sector based on revenue.

Operating a network of factories globally in countries such as China, India, Hungary, Mexico, and Brazil, Foxconn employs over a million people. These facilities produce and assemble a wide range of products for various high-profile tech companies, including Apple, Sony, Nintendo, Microsoft, HP, and Xiaomi.

The company’s vast production capabilities enable it to manufacture various electronic devices, such as iPhones, iPads, PlayStation and Xbox consoles, laptops, smartphones, and televisions. Its success is largely attributed to its cost-effective production and efficient manufacturing processes, allowing it to take over much of the hardware assembly that the other brands previously handled. Foxconn has been criticized for its labor practices and working conditions in some of its factories despite its success. The company’s magnitude and extensive clientele allow it to manufacture an estimated 40% of all consumer electronics sold globally, solidifying its position as the largest contract manufacturer.

Regarding financial performance, Foxconn reported roughly $200 billion in revenues in 2021, making it one of the world’s top-tier manufacturers. This immense revenue stream underscores Foxconn’s vital role in the global manufacturing sector and its influence on the supply of consumer electronics worldwide.