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.
AmbitionBox Best Places to Work in India Awards
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Change Company | Change Company | Change Company | ||
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Overall Rating | 4.0/5 based on 1.3k reviews | 4.0/5 based on 2.3k reviews | 3.9/5 based on 996 reviews | 3.8/5 based on 341 reviews |
Highly Rated for | Job Security Skill development Work-Life balance | Company culture Work-Life balance Skill development | Job Security | No highly rated category |
Critically Rated for | Promotion/Appraisals | Promotion/Appraisals | Promotion/Appraisals Salary & Benefits | Promotion/Appraisals Salary & Benefits |
Primary Work Policy | Work from office 88% employees reported | Hybrid 78% employees reported | Work from office 94% employees reported | Work from office 81% employees reported |
Rating by Women Employees | 4.1 Good rated by 369 women | 4.1 Good rated by 528 women | 3.9 Good rated by 285 women | 3.9 Good rated by 74 women |
Rating by Men Employees | 3.9 Good rated by 882 men | 4.0 Good rated by 1.6k men | 3.9 Good rated by 643 men | 3.8 Good rated by 258 men |
Job Security | 4.0 Good | 3.8 Good | 3.8 Good | 3.6 Good |
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India must diversify sourcing, boost production to counter China’s informal restrictions on export of crucial inputs: GTRI
- India must diversify sourcing and boost production to counter China's informal restrictions on export of crucial inputs, according to a report by GTRI.
- Companies in India are facing difficulties in sourcing equipment and components from China, leading to production delays for companies like Foxconn, BYD, and Lenovo.
- China's informal restriction on exports to India could be a response to the curbs imposed by India on Chinese investments and visas, indicating deeper geopolitical tensions and a potential trade war.
- The report suggests that India should focus on long-term solutions by strengthening partnerships with Japan and South Korea and encouraging domestic manufacturing to reduce reliance on Chinese imports.
Foxconn, NVIDIA Partner to Develop Humanoid Robot Service
- Taiwan-based electronics manufacturing giant Foxconn is partnering with chipmaker NVIDIA to develop humanoid robots in Kaohsiung City, Taiwan.
- Foxconn aims to integrate NVIDIA's software and hardware technologies to develop these humanoids.
- The collaboration is part of Foxconn's effort to diversify its portfolio and expand beyond contract manufacturing.
- The partnership aligns with Foxconn's forecasted sales growth driven by the demand for AI servers and robotics applications.
Demand for AI servers sees Foxconn fly and suppliers come along for the ride
- Foxconn, the world's top contract manufacturer for electronics, reported a record revenue driven by strong growth in AI servers.
- Foxconn's suppliers' share prices surged on the news, indicating positive sentiment in the tech ecosystem.
- The company forecasts significant growth in Q1 compared to last year's numbers.
- The increased demand for AI servers suggests continued spending on memory, GPUs, CPUs, networks, and storage.
Chip stocks soar as solid earnings from top tech manufacturer Foxconn point to big AI demand
- Chip stocks surged on Monday after Foxconn's earnings pointed to strong demand for AI servers.
- Foxconn reported a record $64.75 billion in revenue for the fourth quarter, up 15% from a year earlier.
- Nvidia, AMD, Micron, Taiwan Semiconductor Manufacturing, and ASML all gained.
- Foxconn's strong earnings and positive outlook indicate sustained demand for AI chips, leading to a rally in chip stocks.
Global Chip Stocks Rise On News Of Foxconn’s Strong Results
- Stocks of microchip and semiconductor companies are rising on news of strong quarterly financial results from Foxconn.
- Foxconn reported record Q4 revenue of $63.9 billion, driven by growth in its cloud and networking products.
- This news is being viewed as a bullish indicator for the chip sector, leading to stock increases for companies like TSMC, ASML, Infineon, Nvidia, and AMD.
- Microsoft's plan to spend $80 billion on new A.I. data centres is also boosting chipmakers.
Stocks Rebound After Down Week
- Stocks rebounded on Monday, recovering from last week's losses.
- Chip stocks led the gains after Foxconn announced record fourth-quarter revenue.
- A Washington Post report suggested that President-elect Donald Trump's tariff plan would be narrower than expected.
- Ford and General Motors shares gained 2% on optimism about a more restrained tariff policy from Trump.
Global chip stocks climb as Foxconn's bumper results show a continuation of the AI boom
- Global chip stocks climbed as Foxconn reported record fourth-quarter revenues.
- Foxconn's revenue growth suggests the AI boom has more potential.
- Cloud and networking products drove Foxconn's bumper revenue performance.
- Shares of semiconductor firms across Asia, Europe, and the U.S. rose.
S&P Futures Rise Before Jobs Figures Come out Friday
- Stock futures rose as investors looked ahead to jobs data in another shortened trading week.
- Chip stocks led the early gain after Foxconn announced record fourth-quarter revenue.
- Investors are entering another shortened trading week on a wobbly note with concerns about the Federal Reserve’s interest rate projections.
- The December jobs report is due out Friday, and will be one of the last key pieces of data before the Fed meeting at the end of this month.
Foxconn completes $230 million housing project for women in the workforce
- Foxconn has completed a $230 million housing project in Tamil Nadu to support its growing workforce.
- The dormitory facility aims to improve convenience and living standards for predominantly female staff as Foxconn continues to expand its operations in India.
- The housing complex, located in Sriperumbudur, includes residential and utility blocks spread over 20 acres, accommodating up to 18,000 workers.
- The project is expected to uplift the quality of life for employees, offering a secure and comfortable living environment with additional amenities like sports facilities and a subsidised canteen.
Inside Foxconn’s $230 Mn Housing Development for Workers in India
- Taiwanese electronics giant Foxconn has completed a $230 million housing project for its workers in Tamil Nadu, India.
- The housing facility, located within Foxconn's Sriperumbudur premises, includes six housing blocks with a capacity of 18,000 beds.
- It offers modern living spaces, recreational amenities, and facilities for cricket, badminton, basketball, and volleyball.
- The project is part of Foxconn's strategy to relocate iPhone manufacturing to India and enhance worker welfare.
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