Hon Hai Precision Industry Co., Ltd., trading internationally as Foxconn, ranks as the world’s largest electronics contract manufacturer. Founded in Taiwan in 1974, the company evolved from a small plastics manufacturer into a global technology powerhouse.
Foxconn operates over 230 manufacturing campuses across 24 countries. The company serves major technology brands including Apple, Sony, Dell, and Nintendo. Its products range from smartphones and gaming consoles to servers and electric vehicle components.
The company’s 3+3 strategy focuses on three emerging industries and three core technologies. Electric vehicles, digital health, and robotics form the industrial pillars. Artificial intelligence, semiconductors, and next-generation communications represent the technological foundations driving future growth.
Foxconn History
Foxconn Co-founders
Foxconn Competitors
Foxconn operates in the highly competitive electronics manufacturing services industry. The company holds over 40% market share in EMS globally. Major competitors include both Taiwanese and international manufacturers competing for contracts from technology brands worldwide.
| Company | Headquarters | Primary Focus |
|---|---|---|
| Pegatron Corporation | Taiwan | Consumer electronics, computing devices |
| Flex Ltd. | Singapore | Design and manufacturing services |
| Jabil Inc. | United States | Diversified manufacturing solutions |
| Quanta Computer | Taiwan | Notebook computers, servers |
| Compal Electronics | Taiwan | Notebooks, tablets, smart devices |
| Wistron Corporation | Taiwan | IT products, communications devices |
| Sanmina Corporation | United States | Complex optical and electronic products |
| Celestica Inc. | Canada | Hardware platform solutions |
| Inventec Corporation | Taiwan | Servers, notebooks, IoT devices |
| Luxshare Precision | China | Connectors, consumer electronics |
Foxconn Revenue
Foxconn generated $212.92 billion in revenue during 2024, representing an 11.3% increase from the previous year. The company’s revenue growth stems from strong demand for AI servers and cloud computing infrastructure. AI server revenue alone reached the trillion-dollar scale in local currency terms.
Foxconn Market Cap
Foxconn’s market capitalization stands at approximately $96.92 billion as of December 2025. This valuation positions the company as the world’s 216th most valuable company. The stock trades on the Taiwan Stock Exchange under ticker symbol 2317.
Foxconn Acquisitions
Foxconn has pursued strategic acquisitions to expand its capabilities beyond contract manufacturing. The company targets businesses that provide brand ownership, advanced technology, or entry into new markets. These acquisitions support its transformation from a pure manufacturer to a technology solutions provider.
The acquisition of Sharp Corporation in 2016 marked Foxconn’s largest deal. The $3.8 billion transaction gave Foxconn control over Sharp’s display technology, television manufacturing facilities, and extensive patent portfolio. This deal positioned Foxconn as a major player in display technology alongside its manufacturing expertise. The company now jointly operates Sharp’s Sakai display plant in Osaka.
In 2018, Foxconn Interconnect Technology acquired Belkin International for $866 million. This purchase brought the Belkin, Linksys, Wemo, and Phyn brands under Foxconn’s umbrella. The acquisition expanded Foxconn’s presence in consumer networking equipment and smart home devices. Belkin continues operating as a subsidiary with its original leadership team.
Foxconn acquired a Macronix 6-inch wafer fabrication facility in 2021 for $90.8 million. This move strengthened the company’s semiconductor manufacturing capabilities. In 2022, Foxconn purchased wireless telecommunications company arQana Technologies and merged with integrated circuit designer AchernarTek. These acquisitions support development of automotive semiconductors and 5G infrastructure components.
The company also acquired Asia Pacific Telecom in 2014, gaining 4G spectrum licenses for telecommunications operations in Taiwan. Foxconn has invested in manufacturing facilities across India, including plants in Chennai, Bangalore, and Hyderabad for producing Apple products. The company’s acquisition strategy continues focusing on technologies that support its 3+3 growth initiative.
FAQs
What does Foxconn manufacture?
Foxconn manufactures smartphones, tablets, gaming consoles, servers, computers, and electronic components for brands like Apple, Sony, Nintendo, Dell, and Microsoft.
Who founded Foxconn and when?
Terry Gou founded Foxconn as Hon Hai Plastics Corporation in 1974 in Taipei, Taiwan with $7,500 in capital borrowed from his mother.
Where is Foxconn headquartered?
Foxconn is headquartered in Tucheng District, New Taipei City, Taiwan. The company operates over 230 campuses across 24 countries worldwide.
How many employees does Foxconn have?
Foxconn employs approximately 900,000 people during peak manufacturing season, making it one of the world’s largest private employers.
What is Foxconn’s 3+3 strategy?
Foxconn’s 3+3 strategy focuses on three industries (electric vehicles, digital health, robotics) and three technologies (AI, semiconductors, next-generation communications).