Foxconn
From Wikipedia, the free encyclopedia
| Hon Hai Precision Industry | |
|---|---|
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| Type | Public(TSEC: 2317)(SEHK: 2038) |
| Founded | 1974 |
| Headquarters | Taipei, Taiwan |
| Area served | Global |
| Key people | Terry Guo (Chairman/President) |
| Industry | Electronics |
| Products | Various |
| Revenue | ▲$40.6 billion USD (2006) |
| Operating income | ▲$1.5 billion USD (2005) |
| Net income | ▲$1.3 billion USD (2005) |
| Employees | 700,000+ |
| Website | Foxconn Technology Group |
Foxconn is the trade name of Hon Hai Precision Industry Co. (Ltd.) (LSE:HHPD). Foxconn is by far the largest contract manufacturer of electronics worldwide, even in midst of Flextronics merger with Solectron, Foxconn is still almost twice the size of the resulting new Flextronics. Although sometimes referred to as an Electronics Manufacturing Services or EMS, Foxconn would be more accurately described as an Joint Design Manufacturer or Joint Development Manufacturer. </ref>
The company was founded in 1974 with a simple dream to make electronics usage an attainable luxury to all mankind. It has been listed on the Taiwan Stock Exchange since 1991. It is Taiwan's largest company, with a revenue of US$40.6 billion in 2006.
Foxconn, like most Fortune 100 companies, has operations in Americas, Europe and Asia; in 2007 it employed 450,000 people in China and was China's largest exporter. The company opened its first manufacturing plant in China in 1988.
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[edit] Products
[edit] Cases
Foxconn makes a range of computer cases designed to appeal to system builders. Apple Inc. vertically integrated with Foxconn in 1986.
[edit] Motherboards
Foxconn designs and manufactures several different motherboards, with many being sold to OEM distributors such as Dell and HP. Starting in 2003 the company has produced retail boards under its own brand name. Foxconn also makes PGA/ZIF sockets used by other OEMs such as ASUS.
[edit] Graphics cards
In March 2006, Foxconn branched into the manufacture of graphics cards, starting with a GeForce 7900GTX (branded as PX7900GTX) at clock speeds of 550 MHz / 1320 MHz for the core and memory respectively, but with intentions to market both NVIDIA and ATi boards. Foxconn also released the very popular Foxconn 7900GS, one of the most popular graphics cards on the market. The Foxconn 7900GS has a large user fanbase, because of its low price and high clockspeeds. Foxconn has released a 768MB 8800GTX card as well, with clock speeds comparable to the established competition.
[edit] Computer cooling solutions
Foxconn manufactures stock heat sink fans for some AMD processors, including but not limited to their K8N Dual Core Opterons.
[edit] Consoles
Foxconn is the OEM for the Xbox 360, PlayStation 2, PlayStation 3 and Wii.
[edit] Apple Products
Foxconn is one of the OEMs for iPod nanos, MacBook Pros, MacBook Airs and the iPhone.
[edit] Computers
PCAs and Chassis.
[edit] Cell Phones
Foxconn OEMs Motorola, Nokia, Sony Ericsson cell phones.
Cell phones are produced by Foxconn International Holdings Ltd., a HK based company, also the world's largest handset manufacturing services provider.
Incidentally, FIH is also known for having a legal action against a China based company, BYD. BYD had been known for alledgely infringe on many international firms' IPs, such as Sanyo (filed suit), Sony, Toyota... etc.
BYD group is reported in digitimes and China's pcbtech.net to be under China Public Security Agency's organized crime investigation, and its board's executive director and third largest shareholder had been detained as the result.
Foxconn counts world's top 5 handset brands as its customers...
[edit] Conflict with Media
In June 2006, allegations of Foxconn operating abusive employment practices came to light as reported by an London based tabloid, which had been sued by the British Royal Family and Elton John.
Apple launched an investigation into such claims. The result was that the claims of mistreatment of employees were judged by the Apple inspection team to be largely unfounded.
During the whole episode, Foxconn was attached publicly by Journalists in China and some of the exaggerated attached had been over the edge that Foxconn was forced to file suit against some of these offending journalists after initial communication failed (Wang You and Weng Bao of China Business News); some of these false statements including describing Foxconn employees as "wake up earlier than rooster", "leave work later than hooker", "work harder than donkey" and "being fed worse than pigs" among others.
The original demand was for $3.77 million with Foxconn pledge to donate all proceed to public cause. Foxconn had lodged a successful Chinese court ruling to have the journalists' assets frozen. Many think the astronomical demands and the court ruling were absurd.
To make its point, later Foxconn reduced the demand to a symbolic 1 yuan (12 U.S. cents), withdrew the request to freeze the journalists' personal assets, and initiated legal proceedings to sue their employer. The whole episode ended with both side make joint press release with the both journalists publicly apologize for making false statements and where Foxconn promised to give more respect to the press. Many have heralded these turn of events as evidence of media abusiveness met its check and balance.
