Foxconn
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On-Par with
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Highly rated for
Job security, Skill development
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Critically rated for
Promotions
Work Policy
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About Foxconn
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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 | ||
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Overall Rating | 3.9/5 based on 1.4k reviews | 4.0/5 based on 2.4k reviews | 3.9/5 based on 1k reviews | 3.8/5 based on 372 reviews |
Highly Rated for | Job security Skill development | Company culture Work-life balance Skill development | Job security | No highly rated category |
Critically Rated for | Promotions | Promotions | Promotions Salary | Promotions Salary |
Primary Work Policy | Work from office 86% employees reported | Hybrid 72% employees reported | Work from office 90% employees reported | Work from office 83% employees reported |
Rating by Women Employees | 4.2 Good rated by 391 women | 4.1 Good rated by 545 women | 3.9 Good rated by 290 women | 3.8 Good rated by 86 women |
Rating by Men Employees | 3.8 Good rated by 977 men | 4.0 Good rated by 1.6k men | 3.9 Good rated by 652 men | 3.8 Good rated by 277 men |
Job security | 4.0 Good | 3.8 Good | 3.8 Good | 3.6 Good |
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The Honda-Nissan Merger Isn't Completely Dead Yet
- Honda is open to resuming merger discussions with Nissan if its CEO, Makoto Uchida, steps down.
- Uchida is facing mounting pressure to depart from the company sooner rather than later.
- Nissan has other potential suitors, including the Taiwanese electronics maker Foxconn.
- Nissan is facing a financial crunch, planning to cut jobs and reduce global production capacity.
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Honda Ready to Restart Takeover Talks if Nissan CEO Uchida Steps Down
- Honda Motor Co. is open to reviving merger discussions with Nissan on the condition that Nissan’s CEO, Makoto Uchida, steps down.
- Nissan's CEO, Uchida, has been facing mounting pressure due to the company's poor performance, including dwindling U.S. sales, slow transition to electric and hybrid vehicles, and intense competition in China.
- Honda is interested in a partner that can align with its long-term vision and navigate internal resistance, something Uchida struggled to accomplish during the previous talks.
- Nissan is also facing interest from tech manufacturing giant Foxconn, and its slow adaptation to industry shifts has made it vulnerable in the eyes of potential partners.
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Honda’s ultimatum to Nissan: Ditch your CEO if you want a merger – report
- Honda and Nissan announced they wouldn’t be pursuing a merger, saving Nissan from its financial woes.
- Honda would consider merging with Nissan only if CEO Makoto Uchida resigns.
- Nissan was reportedly unhappy with Honda's request for it to become a subsidiary.
- Honda frustrated with Nissan's restructuring speed and financial troubles.
- Honda CEO Toshihiro Mibe stated Nissan's financial stability was a prerequisite for the merger.
- Nissan's close relationship with Mitsubishi holds appeal due to its presence in southeast Asia and hybrid technology.
- The proposed merger would have made the Japanese alliance the world's third-largest carmaker.
- Nissan undertakes major cost-saving measures to recover 400 billion Yen by 2026.
- Foxconn considered acquiring a stake in Nissan and may cooperate to produce vehicles for Nissan, Renault, or Honda.
- Nissan planned to look for a partner from the technology sector and US-based after failed negotiations with Honda.
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Nissan cost-cutting, new product plan to save RM11.5 billion, new partner search as Honda merger fails
- Nissan is implementing cost-cutting measures to save RM11.5 billion following the failure of its merger with Honda.
- The company plans to slash 9,000 jobs, consolidate production lines, and reduce global production capacity by 20% by FY2026.
- Nissan aims to save 100 billion yen through engineering efficiencies, 200 billion yen from expense reduction, and 30 billion yen from improved development efficiency.
- Design-driven costs are expected to decrease by 60 billion yen, while manufacturing operational costs will be lowered through various initiatives.
- The company targets a total saving of 400 billion yen by cutting product development and manufacturing costs.
- Nissan plans to introduce new plug-in hybrid models, kei cars, large MPVs, and bolster its electric vehicle lineup.
- The company aims to enhance technology features, introduce autonomous driving capabilities, and expand model lineup to increase sales volume.
- Nissan acknowledges the need for future partnerships to survive financially, with potential interest from Foxconn and investment firm KKR & Co.
- Despite bleak financial results, Nissan remains focused on its strategic partnership with Honda, with a particular emphasis on batteries and EVs.
- The company faces a net loss forecast for the 2024 fiscal year and continues to seek collaborations for its future growth and stability.
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Unpacking the Failed Nissan-Honda Merger
- Nissan's perceived arrogance and resistance to cost cuts hindered merger talks.
- Honda's demand for subsidiary status proved to be the final dealbreaker.
- Foxconn is exploring a partnership with Nissan, offering potential EV collaboration.
- Nissan faces significant challenges: declining profits, job cuts, and EV competition.
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Honda’s $60B merger with Nissan falls apart
- The $60 billion merger between Honda and Nissan has been called off due to issues on both sides.
- Nissan's pride and lack of concern about their situation contributed to the failed merger.
- Honda revised the terms of the merger and proposed Nissan to become a subsidiary, leading to tensions.
- Taiwanese electronics giant Foxconn may be interested in buying a stake in Nissan following the unsuccessful merger.
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Honda and Nissan officially call off merger
- Honda and Nissan have officially called off their planned mega-merger, which was initially explored through an MOU signed in December 2024.
- Reports surfaced earlier this month that Honda proposed to buy Nissan and turn it into a subsidiary, causing disagreements and leading to the merger's termination.
- Honda and Nissan will now focus on collaborating within a strategic partnership aimed at intelligence and electrified vehicles, as announced in August 2024.
- Honda, with a strong market capitalization and ongoing partnerships, may not feel the immediate need for a new partner, unlike Nissan, which is facing financial challenges.
- Nissan recently reported a quarterly net loss and outlined a turnaround plan that includes reducing production capacity and laying off employees.
- With the merger off the table, Nissan may consider alternative partnerships, such as discussions with Foxconn, known for its electronic manufacturing, to further diversify into the automotive industry.
- The intended Honda-Nissan-Mitsubishi merger, if successful, would have created the world's third-largest automaker with significant market capitalization and sales figures, surpassing Hyundai-Kia.
- The merger process involved missed deadlines, shareholder voting plans, and the formation of a new holding company, but these plans are now canceled with the merger termination.
- Mitsubishi Motors, a significant shareholder of Nissan, was also part of the initial talks but later decided not to participate in the merger agreement between Honda and Nissan.
- The failed merger between Honda and Nissan raises questions about potential future partnerships for both companies and the impact on the global automotive industry.
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Honda and Nissan Merger Officially Canceled
- Honda and Nissan signed a Memorandum of Understanding on December 23, 2024, to discuss a merger.
- The merger has been officially canceled as Honda and Nissan issued an identical press release.
- The proposal to turn Nissan into a subsidiary of Honda was one of the options that were analyzed during the discussions.
- Nissan is now reportedly seeking a new partner, while Foxconn remains interested in collaboration.
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iPhone manufacturer wants tie-up with Nissan as Honda merger plans evaporate
- Taiwanese company Hon Hai Precision Industry, also known as Foxconn, has expressed interest in working with Nissan.
- Foxconn, the main contract electronics manufacturer for Apple's iPhone, plans to cooperate with Nissan, Renault, or Honda and possibly produce vehicles for them.
- Foxconn is not looking to acquire Renault's stake in Nissan, but is open to a stake if it is necessary for cooperation.
- Nissan has walked away from merger discussions with Honda, leading them to search for a partner from the technology sector and the US.
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Foxconn Seeks Partnership with Nissan Instead of Acquisition
- Foxconn, the world's largest contract electronics manufacturer, is seeking cooperation with Nissan instead of acquisition.
- Foxconn aims to be a key player in the EV revolution by providing design and manufacturing services.
- Foxconn is also in discussions with Renault, given the French automaker's significant stake in Nissan.
- Collaboration with Foxconn could provide Nissan with valuable technological and production expertise to compete in the EV market.
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