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 | ||
---|---|---|---|---|
Overall Rating | 3.9/5 based on 1.6k reviews | 4.0/5 based on 2.4k reviews | 4.2/5 based on 3.1k reviews | 4.1/5 based on 1.1k reviews |
Highly Rated for | Job security Skill development | Company culture Work-life balance Skill development | Work-life balance Company culture Skill development | Work-life balance Company culture Job security |
Critically Rated for | Promotions | Promotions | No critically rated category | Promotions |
Primary Work Policy | Work from office 87% employees reported | Hybrid 73% employees reported | Work from office 88% employees reported | Hybrid 69% employees reported |
Rating by Women Employees | 4.1 Good rated by 427 women | 4.1 Good rated by 559 women | 4.2 Good rated by 720 women | 4.2 Good rated by 242 women |
Rating by Men Employees | 3.8 Good rated by 1.1k men | 3.9 Good rated by 1.7k men | 4.2 Good rated by 2.2k men | 4.1 Good rated by 781 men |
Job security | 4.0 Good | 3.8 Good | 3.8 Good | 3.9 Good |
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Here's where Apple makes its products — and how Trump's tariffs could have an impact
- Apple has made moves to diversify its supply chain beyond China to places like India and Vietnam, but tariffs announced by the White House are set to hit those countries too.
- China will face a 34% tariff, but with the existing 20% rate, that brings the true tariff rate on Beijing under this Trump term to 54%, CNBC reported. India faces a 26% tariff, while Vietnam's rate is 46%.
- The majority of Apple's iPhones are still assembled in China by partner Foxconn. China accounts for around 80% of Apple's production capacity, according to estimates from Evercore ISI.
- Over the last two years, Apple has made a big push to ramp up iPhone production in India as the government looks to increase local manufacturing of high-tech goods.

Foxconn’s India Arm To Focus On Apple Supply Chain Service, Rejigs Board
- Foxconn’s India arm, Bharat FIH, is shifting its focus to Apple's supply chain service rather than competing in the electronics manufacturing services (EMS) space due to drops in Xiaomi orders.
- Bharat FIH has overhauled its board by adding two new independent directors, Payal Koul Mirakhur and Arun Todarwal.
- The company is looking to be an independent service provider for Apple suppliers and has been doing this work for about a year now.
- Foxconn is aiming to double its iPhone production at its India facilities in the current year.

Dream11’s Homecoming, Shadowfax Gears Up For IPO & More
- Dream11 has returned to India from the US utilizing the government's reverse flip mechanism to simplify operations and potentially prepare for listing on Indian bourses.
- Moving back to India may come with a high tax burden for Dream11, amidst accumulated tax notices totaling INR 40,000 Cr due to the 28% GST regime.
- Despite hitting a revenue milestone in FY23, Dream11's revenue may decline in FY25 due to tax challenges faced by the fantasy sports industry.
- Shadowfax is gearing up for an IPO at an expected valuation of INR 8,000 Cr, while Ola Electric is infusing funds into Ola Cell Technologies.
- Hood has transitioned to the matchmaking business model under 'Knot.dating', while Foxconn plans to double iPhone production in India by 2025.
- OfBusiness is leveraging AI for its upcoming IPO, PlanetSpark claims to be cash flow positive, and BharatPe achieved breakeven in FY25.
- Several Indian startups are preparing for IPOs, with 23 in various stages, showcasing the continued momentum in the startup listing space.
- RIDEV, a cleantech startup, is deploying electric two-wheelers for ecommerce and quick commerce companies to tackle last-mile carbon emissions in major Indian cities.
- With over 4,000 EVs deployed and partnerships with major players like Tata BigBasket and Amazon, RIDEV aims to build a scalable revenue stream in India's growing EV market.

Kathy Yang Chiu-chin becomes Foxconn's first woman rotating CEO
- Kathy Yang Chiu-chin has been appointed as the rotating Chief Executive Officer (CEO) at Foxconn.
- This makes her the first woman to hold the rotating CEO role at the company.
- Foxconn has adopted a rotating CEO model, where an executive from one of its primary business sectors is appointed to the post.
- Chiu-chin concurrently holds other key positions within Foxconn, including the global chief campus operation officer, chief logistics and trade compliance officer, and chairperson and CEO of JUSDA, Foxconn's logistics solutions subsidiary.

Apple’s Foldable iPhone Set to Launch in 2026 with a $2,000 Price Tag
- Apple has initiated the New Product Introduction (NPI) phase at Foxconn for its first foldable smartphone.
- The foldable iPhone is expected to have a book-style fold, advanced display technology, and improved durability.
- The device will benefit from advancements in battery, modem, and chipset technology, providing superior performance and longer battery life.
- The foldable iPhone is anticipated to be available in late 2026 with a price range starting from $2,000 to $2,500, making it the most expensive iPhone to date.

Dark Factories and the Future of Work: How AI-Driven Automation is Reshaping Manufacturing
- AI-driven automation, particularly in dark factories, is revolutionizing the manufacturing sector, exemplified by China's advancements in fully automated facilities like Xiaomi's smart factory in Changping.
- Dark factories operate without human workers, relying on AI, robotics, and advanced technology for 24/7 production, enhancing efficiency and precision while reducing labor costs.
- China's Made in China 2025 strategy aligns with the country's push toward automation and AI integration in manufacturing, with significant investments in industrial robotics.
- The rise of dark factories in China supports environmental goals by improving energy efficiency through streamlined operations and reduced energy consumption.
- Despite the benefits of AI-driven automation, concerns arise about potential job displacement and the need for workers to acquire new skills to adapt to the evolving economy.
- China leads in industrial automation, with high robot density per manufacturing worker, driven by companies like Foxconn and BYD that have automated significant portions of their operations.
- The rapid adoption of automation raises challenges around job losses, with reports predicting a significant number of manufacturing jobs could be lost to robots by 2030.
- As automation transforms industries globally, it is crucial to invest in education and retraining programs to help workers transition into new roles requiring skills like AI programming and data analysis.
- The future of work will involve humans collaborating with machines, emphasizing the need for education and training to ensure workers are prepared for an AI-driven economy.
- By focusing on reskilling, promoting AI ethics, and facilitating human-machine collaboration, the manufacturing industry can navigate the challenges posed by AI-driven automation and create a future where automation enhances human labor.

GM And Hyundai's Electric Van And Truck Plans Are Coming Together
- GM and Hyundai are ramping up their efforts in the electric vehicle (EV) space to compete with Tesla and Chinese automakers, exploring partnerships for next-generation EV models and components.
- Hyundai's sales of electric and hybrid vehicles in the U.S. are performing well, while GM faces tough competition from Chinese EV manufacturers.
- A potential partnership between GM and Hyundai includes sharing battery technology, developing new vehicles, and joint sales networks.
- Record numbers of Tesla vehicles have been traded in recently, indicating some discontent among customers due to Elon Musk's public actions.
- Mitsubishi is looking to outsource EV production to Foxconn to enhance its presence in the EV market and speed up development.
- The possibility of Tesla needing a new leader is raised, with questions about Elon Musk's priorities surrounding his involvement with other ventures.
- Mitsubishi plans to introduce a new fully electric model soon, possibly in partnership with Foxconn to streamline production and reduce costs.
- The article also highlights concerns about brand loyalty and trade-ins related to Tesla vehicles, citing factors like Musk's political involvement.
- In the competitive EV market, partnerships between established automakers are seen as critical to staying resilient in the face of regulatory challenges.
- The role of leadership at Tesla, specifically in relation to Musk's activities, is a subject of debate as the company navigates various internal and external challenges.

Nvidia to Buy ‘Several Hundred Billion’ Dollars’ Worth of US-Made Electronics
- Nvidia plans to purchase 'several hundred billion' dollars' worth of US-made electronics over the next four years.
- The chip designer will source products from suppliers like TSMC and Foxconn, improving supply chain resiliency and avoiding tariffs.
- The move allows Nvidia to reduce dependence on TSMC's facilities in Taiwan and mitigate risks related to China and potential US tariffs.
- Nvidia CEO believes that the Trump administration's policies will support the growth of AI and data centers in the US.

Nvidia gets industrial software firms to integrate Omniverse to accelerate physical AI
- Nvidia partners with industrial software and service providers to integrate Omniverse and accelerate physical AI in industrial digitalization.
- Ansys, Databricks, Dematic, Omron, SAP, Schneider Electric, Siemens, and more are among those integrating Nvidia Omniverse.
- Nvidia announces new Omniverse Blueprints and models for robot-ready facilities and synthetic data generation for physical AI development.
- Mega and Nvidia AI Blueprint are available for testing multi-robot fleets, video search, and summarization in industrial settings.
- Manufacturing leaders like Schaeffler, Accenture, Hyundai, Mercedes-Benz, Pegatron, and Foxconn are adopting Omniverse for optimizing operations with physical AI.
- Companies like KION Group, Dematic, Idealworks, and SAP are integrating Mega for AI-powered automation in warehouses and supply chain solutions.
- A new Omniverse Blueprint for AI factory digital twins aids in designing and simulating AI factory layouts for efficiency.
- Nvidia Isaac GR00T Blueprint enables quick synthetic data generation for humanoid developers, fast-tracking robot development.
- Massive amounts of digital and physical world data are integrated using Omniverse to unify physical-world data and applications.
- General Motors, Unilever, and other companies adopt Omniverse for enhancing factories, training platforms, and streamlining marketing content creation.

Apple Prioritizing Foldable Display Efficiency to Boost Battery Life
- Apple has successfully reduced the display driver integrated circuit (IC) from 28nm to 16nm in its first foldable display, prioritizing power efficiency.
- The reduction in display driver IC size may help prolong the device's battery life.
- The first foldable from Apple recently entered the New Product Introduction (NPI) phase at Foxconn, with mass production expected to start in the second half of 2026.
- The rumored foldable iPhone could be launched late next year or in early 2027.

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