Foxconn Technology Group

Foxconn Technology Group, also known as Hon Hai Precision Industry Co. Ltd., is a multinational electronics contract manufacturing company based in Taiwan. The company is renowned for producing and assembling Apple's iPhones, as well as other electronic products such as computers, televisions, and gaming consoles.

Established in 1974 by Terry Gou, Foxconn has become one of the world's largest electronics manufacturers, with operations in over 30 countries and a workforce of more than 1.2 million employees. The company's success is attributed to its ability to produce high-quality products at a low cost, thanks to its efficient manufacturing processes and economies of scale.

In recent years, Foxconn has diversified its operations beyond electronics manufacturing, investing in industries such as healthcare, renewable energy, and autonomous vehicles. The company has also announced plans to construct a $10 billion factory in Wisconsin, which is expected to generate thousands of jobs in the United States.

However, Foxconn has faced criticism for its labor practices, particularly in its Chinese factories. The company has been accused of exploiting workers, providing substandard working conditions, and violating labor laws. Foxconn has taken measures to address these issues, including raising wages and improving working conditions, but it continues to face scrutiny from labor rights groups. Foxconn Technology Group is a significant player in the electronics industry. Despite criticisms of its labor practices, the company remains a key contributor to the global economy.

Founded: 1974

Headquarters: Taiwan, China
Website: https://www.honhai.com/