Foxconn Technology Group

company

About

Foxconn Technology Group, is a Taiwanese multinational electronics contract manufacturing company, headquartered in Tucheng.

Details

Last Funding Type
Series B
Last Funding Money Raised
$20M
Industries
Electronics,Hardware,Information Technology,Manufacturing,Software
Founded date
Jan 1, 1974
Number Of Employee
10001 - max
Operating Status
Active
Stock Symbol
lse:HHPD
Legal Name
Hon Hai Precision Industry Co. Ltd., Foxconn Electronics Inc.
Also Known As
Foxconn Electronics Inc,Hon-Hai Precision Industries,富士康,Fushikang,鸿海科技集团,Honghai Keji Jituan

Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd., is a Taiwanese multinational electronics contract manufacturing company headquartered in Tucheng, New Taipei, Taiwan. It is the world's largest electronics contract manufacturer,and the fourth-largest information technology company by revenue.

The Company manufactures connectors for use in PCs in Taiwan, and also manufactures connectors and cable assemblies worldwide. The Company also manufactures enclosures, primarily for desktop PCs and PC servers. Foxconn is the registered trade name for the Company. Connectors & Cable Assemblies Connectors have applications in various industries - computers, automobile, communications, consumer products, medical, and defense. Foxconn focuses on offering a range of connectors and cable assemblies for desktop and notebook PCs and PC peripherals. Approximately 500 types of connectors are produced and sold under the Company's own Foxconn brand name. Foxconn has branched into manufacturing connectors for communications and consumer products. PC Enclosures Foxconn manufactures PC enclosures for desktop computers. Depending on its client's specifications, the casings can be sold together with floppy disk drives, switching power supplies, connectors, cable assemblies, and riser cards. Foxconn provides integrated mechanical solutions for clients to deal with thermal, acoustic, environmental, mechanical, functional, and design problems.

The Company primarilt serves in Taiwan. In addition it has distribution centers in various key cities in Asia, Europe, and America. Foxconn's principal manufacturing operations are based in Taiwan and mainland China. It has also set up production facilities in Europe and the United States. Foxconn is in the process of setting up new production facilities in Ireland, and is also considering Central America as a production center. Significant Events Hon Hai Precision Industry Co., Ltd. has established a unit to enter the business of assembling liquid crystal display (LCD) televisions. The company and Chi Mei Optoelectronics Corp. have formed a joint venture, Ampower Holding Ltd, that makes inverters meant for television sets fitted with TFT-LCD screens. The company has formed a strategic partnership with United Keys, Inc. As part of this partnership, Foxconn would build display-key input devices using United Keys technology. Display-keys are regular keyswitches with small OLED displays embedded in their tops. This allows interactive and image-based communication between software and users. On September 5, 2009, Sony Corporation announced that it has agreed to form a partnership with Hon Hai Precision Industry Co. Ltd. for the production of LCD TVs for the Americas region.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$20M
Foxconn Technology Group has raised a total of $20M in funding over 2 rounds. Their latest funding was raised on Oct 30, 2018 from a IPO round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 30, 2018 IPO Detail
Apr 4, 2017 Series B $20M 1 Sprint Vc Detail

Investments

Number of Investments
Number of Lead Investments
81
28
Foxconn Technology Group has made 81 investments. Their most recent investment was on Dec 8, 2022, when Foxconn Hon Hai Technology India Mega Development raised $500M.
Date Company Name
Round Money Raised Industry Lead Investor
Funding Round $500M Electronics Yes
Oct 5, 2022 Kneron
Series B $48M Artificial Intelligence
Apr 5, 2022 Gogoro
Post-IPO Equity $295M Automotive
Feb 22, 2022 XRSpace
Corporate Round $100M Electronics Yes
Jan 17, 2022 H2U Corp.
Corporate Round $8M Health Care Yes

Investors

Number of Lead Investors
Number of Investors
1
1
Foxconn Technology Group is funded by 1 investors. Sprint Vc are the most recent investors.
Investor Name Lead Investor Funding Round
Sprint Vc Yes Series B

Employee Profiles

Number of Employee Profiles
19
Foxconn Technology Group has 19 current employee profiles, including Employee Lee Chang
Employee
Employee
Employee
Employee
Employee

Exits

Foxconn Technology Group has had 11 exits. Foxconn Technology Group most notable exits include Gogoro ,   Didi

Date Company Name Exit Type Industry
Apr 5, 2022 Gogoro IPO Automotive Detail
Jun 30, 2021 Didi IPO Artificial Intelligence Detail
Aug 27, 2020 Xpeng Motors IPO Automotive Detail
Aug 21, 2020 Nanox Imaging IPO Health Care Detail
Jul 9, 2020 Electric Imp M&A Cloud Data Services Detail

Acquisition

Foxconn Technology Group has acquired 8 organizations. Their most recent acquisition was Ennoconn Corp on Jan 1, 2007. They acquired Ennoconn Corp for 0.

Date Company Name
Industry Acquisition Type Price
Jan 1, 2007 Ennoconn Corp
Hardware acquisition Detail
Feb 27, 2016 SoftBank Capital
Artificial Intelligence acquisition $ 600M Detail
Mar 30, 2016 Sharp
Electronics acquisition $ 3.80B Detail
Apr 13, 2016 TeleEye
Hardware $ 203.66M Detail
Collaboration acquisition $ 200M Detail