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Hon Hai sales hit historical high for Q2 07/06/2021 11:45 AM CNA file photo Taipei, July 6 (CNA) Hon Hai Precision Industry Co., the world s largest contract electronics maker, has set a new company record for second-quarter sales, mainly due to strong demand for tech gadgets in the booming global stay-at-home economy, analysts said. In a statement Monday, iPhone assembler Hon Hai reported consolidated sales of NT$1.36 trillion (US$48.75 billion) in the April-June period, up about 20 percent from a year earlier, and up 0.74 percent from a quarter earlier. On a year-on-year basis, Hon Hai s consumer electronics division generated the strongest sales growth, followed by the electronics component division, the cloud technology-based product division and the computer and related goods division, the company said. ....
Hon Hai, Yageo to set up semiconductor joint venture 05/05/2021 09:14 PM To activate the text-to-speech service, please first agree to the privacy policy below. Hon Hai Chairman Liu Young-way (right) and Yageo Chairman Pierre Chen. Photo courtesy of Hon Hai and Yageo Taipei, May 5 (CNA) Hon Hai Precision Industry Co. and Yageo Corp. announced on Wednesday that they will set up a joint semiconductor company for product development and sales. Hon Hai Chairman Liu Young-way (劉揚偉) and Yageo Chairman Pierre Chen (陳泰銘) signed an agreement for the establishment of the joint venture named XSemi Corp., which will be based in Hsinchu, northern Taiwan. ....
Hon Hai mulls plan to produce electric cars in North America 03/17/2021 12:47 PM Hon Hai s MIH Open Platform. CNA file photo Taipei, March 17 (CNA) Taiwan-based manufacturing giant Hon Hai Precision Industry Co. is expected to decide later this year whether to manufacture electric cars in North America. Hon Hai Chairman Liu Young-way (劉揚偉) told reporters Tuesday the company is mulling the possibility of setting up electric car production lines in the U.S. state of Wisconsin or Mexico. As Hon Hai, also known as Foxconn on the global market, already has production sites in Wisconsin and Mexico, the company would not need to make much additional investment in infrastructure in the two locations for electric car production lines, Liu said. ....
Microsoft teams up with Hon Hai on smart manufacturing 03/02/2021 03:22 PM To activate the text-to-speech service, please first agree to the privacy policy below. Hon Hai Chairman Liu Young-way (left) and Ken Sun, general manager of Microsoft Taiwan. Photo courtesy of Microsoft Taipei, March 2 (CNA) U.S.-based tech giant Microsoft Corp. announced on Tuesday it has teamed up with Taiwan s Hon Hai Precision Industry Co., the world s largest contract electronics maker, on smart manufacturing development. Under the partnership, Hon Hai, known as Foxconn internationally, hopes to accelerate the upgrade of its cloud technology by using Microsoft s services, including Azure AI (artificial intelligence) applications, Microsoft said in a statement Tuesday. ....