
Foxconn

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About Foxconn

Founded in 1974, Foxconn Technology Group has achieved remarkable international milestones under the leadership of the Group's chairman, Terry Gou. Guided by the key growth strategy that hinges on "time to market", "time to volume" and "time to money", the Group has pioneered a holistic digital solution for the 3C industries based on the integrated concept of "IIDM-SM", namely Integration, Innovation, Design, Manufacturing, Sales and Marketing. In 2018, Foxconn achieved NT$ 5.2 trillion in revenue, and received an array of international accolades and recognitions: Foxconn Technology Group was ranked 24th among Fortune Global 100, 105th among Forbes Global 2000, 8th among Forbes Top Multinational Performers, and 215th among Forbes World's Best Employers. As a leading technological solution provider, the Group has fully leveraged its expertise in software and hardware to integrate its unique manufacturing prowess with emerging technologies. By developing a key growth strategy that deepens and capitalizes on its expertise in Cloud Computing, Mobile Devices, IoT, Big Data, AI, Smart Networks and Robotics/Automation, the Group has expanded capabilities in four key technologies - Data Tech, Analytics Tech, Platform Tech, Operations Tech. Envisioning a robust, dynamic "8K+5G" ecosystem that will touch across eight aspects of smart lives, the Group aims to develop into a technology company that revolves around six major flows - goods flow, people flow, technology flow, money flow, information flow and process flow.

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![]() | ![]() Change Company | ![]() Change Company | ![]() Change Company | |
---|---|---|---|---|
Overall Rating | 3.8/5 based on 1.9k reviews | 3.9/5 based on 2.6k reviews | 4.2/5 based on 3.3k reviews | 3.8/5 based on 1.3k reviews |
Highly Rated for | Job security | Company culture Work-life balance Skill development | Work-life balance Company culture Skill development | ![]() No highly rated category |
Critically Rated for | Promotions | Promotions | ![]() No critically rated category | Promotions Job security |
Primary Work Policy | Work from office 89% employees reported | Hybrid 60% employees reported | Work from office 89% employees reported | Work from office 82% employees reported |
Rating by Women Employees | 4.0 Good rated by 529 women | 4.0 Good rated by 596 women | 4.2 Good rated by 773 women | 4.1 Good rated by 329 women |
Rating by Men Employees | 3.8 Good rated by 1.3k men | 3.9 Good rated by 1.8k men | 4.2 Good rated by 2.4k men | 3.7 Good rated by 820 men |
Job security | 3.9 Good | 3.8 Good | 3.8 Good | 3.3 Average |
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Apple assembler Foxconn’s Q2 net profit expected to rise 14% YoY
- Foxconn, the leading contract electronics manufacturer and key Apple assembler, is expected to report a 14% year-over-year increase in second-quarter profit driven by demand for AI servers.
- The company, also a major server supplier for Nvidia, is projected to announce a net profit of T$39.8 billion for April-June, up from T$35.05 billion in the same period last year.
- Foxconn holds a substantial manufacturing presence in China and faces global trade uncertainty, mentioning geopolitical and exchange rate headwinds that could affect its outlook.
- Most iPhones assembled by Foxconn for Apple are made in China, but a significant number sold in the US are now manufactured in India. The company is expanding its production with factories in Mexico and Texas for AI servers for Nvidia.

Monarch Tractors won’t be built by Foxconn after Ohio factory sale
- Foxconn will no longer build electric tractors for California startup Monarch Tractor after selling its Ohio factory to SoftBank.
- Monarch CEO Praveen Penmetsa confirmed the news and stated they have enough inventory to meet customer demand for the next 12 months.
- Following the sale, SoftBank will work with Foxconn to produce equipment for the Stargate AI project. Monarch plans to introduce more products through new manufacturing partnerships.
- Foxconn had also planned to manufacture vehicles for other companies at the factory, but those companies, including Lordstown Motors and Fisker Inc., have since gone out of business.

SoftBank reportedly bought Foxconn’s Ohio factory for the Stargate AI project
- Startups face more exit options and uncertainties driven by factors like tightening capital markets, changing investor expectations, and evolving regulatory landscape.
- TechCrunch Disrupt 2025, scheduled for October 27-29 in San Francisco, will feature a session on exit planning led by experts Roseanne Wincek and Jai Das.
- The session aims to provide insights on key timing considerations, market indicators, and strategies to prepare businesses for various exit scenarios such as IPOs, acquisitions, and sustained growth.
- Roseanne Wincek of Renegade Partners and Jai Das of Sapphire Ventures will share their expertise on making informed decisions for long-term success in the tech startup landscape at the event.

Foxconn Sells Former GM Ohio Factory After EV Dreams Stall
- Foxconn has sold the former GM factory in Ohio, ending its failed attempt at establishing large-scale EV production in the U.S.
- The buyer, Crescent Dune LLC, acquired the plant and assets for $375 million, with plans to pivot towards manufacturing AI servers.
- Foxconn's U.S. EV ambitions collapsed due to failed partnerships, with Lordstown Motors, IndiEV, and Fisker Inc. facing bankruptcies.
- This move echoes Foxconn's earlier unfulfilled promises in Wisconsin and raises questions about its long-term commitment to American manufacturing.

Foxconn sells Lordstown, Ohio plant for $375 million to ‘existing business partner,’ plans to transform it into massive AI server factory
- Taiwan's Foxconn sells Lordstown plant to Crescent Dune LLC for $375 million.
- Foxconn plans to transform the Ohio site into an AI server factory.
- Sale shifts focus from electric vehicles to AI data center products and servers.
- Transaction includes land, buildings, machinery, with Foxconn continuing operations under lease agreement.

Foxconn says EV sales are so slow it's converting a factory to build AI servers instead
- Foxconn has sold its US electric vehicle factory in Ohio to focus on building AI servers instead.
- The company cited slow EV sales in North America and a desire to enhance AI server production.
- Foxconn entered a strategic alliance with TECO Electric & Machinery for AI datacenter business.
- The shift from EVs to AI aligns with Foxconn's expansion plans in the USA and US government policies.

Foxconn Teams With Teco Electric To Build AI Data Centres
- Foxconn is acquiring a 10 percent stake in Teco Electric & Machinery to enter the data centre construction market.
- Foxconn, known for assembling Apple's iPhones, is diversifying into new areas such as electric vehicles and energy storage.
- The partnership will combine Foxconn's server expertise with Teco's power infrastructure experience for data centres.
- The companies aim to target markets in Asia, the Middle East, and the US to expand manufacturing and reconfigure the global supply chain.

Foxconn and TECO Form Alliance to Advance Modular AI Data Centers
- Foxconn and TECO have formed a strategic alliance to enhance their presence in the global AI infrastructure market, focusing on modular AI data centers.
- The partnership aims to combine Foxconn's expertise in electronics manufacturing services and AI server production with TECO's strengths in industrial electromechanical systems and green energy.
- Financially, the alliance involves TECO acquiring a 0.519% stake in Foxconn's Hon Hai Precision Industry, while Foxconn gains a 10% interest in TECO through a share-swap arrangement.
- This collaboration extends to energy-saving initiatives and aligns with strategies for low-carbon smart factories and energy services, targeting markets in Taiwan, Asia, the Middle East, and the U.S.

iPhone maker Foxconn joins $1 trillion AI data center market with new alliance
- Foxconn is entering the $1 trillion AI data center market by taking a stake in TECO Electric & Machinery Co. to become a key player in building AI data centers.
- The partnership between Foxconn and TECO aims to create a one-stop-shop for setting up AI data centers, leveraging their expertise in low-carbon smart factories and energy services.
- Foxconn, known for assembling Apple's iPhone, is diversifying its revenue streams by expanding into AI server assembly, electric vehicles, semiconductors, and infrastructure construction services.
- The alliance plans to target business in Taiwan, other parts of Asia, the Middle East, and the U.S., with a focus on the data center market and reshaping the global supply chain.

Apple’s AirPods production in India hit by China’s rare-earth metal export curbs: Report
- Apple's AirPods production in India is facing challenges due to China's export restrictions on rare-earth metals, particularly dysprosium.
- The Foxconn Interconnect Technology (FIT) facility in Telangana is experiencing a shortage of dysprosium, a critical material used in AirPods.
- Apple and Foxconn had anticipated supply constraints but the situation remains strained, with Foxconn notifying various government bodies about the issue.
- This situation might lead Apple to shift most of the AirPods production back to China, while Indian operations are currently operational but at a slower pace.


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