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 | ||
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Overall Rating | 3.9/5 based on 1.5k reviews | 4.0/5 based on 2.4k reviews | 3.9/5 based on 1k reviews | 3.8/5 based on 379 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 87% employees reported | Hybrid 71% employees reported | Work from office 88% employees reported | Work from office 85% employees reported |
Rating by Women Employees | 4.2 Good rated by 407 women | 4.1 Good rated by 549 women | 3.9 Good rated by 292 women | 3.8 Good rated by 88 women |
Rating by Men Employees | 3.8 Good rated by 1k men | 4.0 Good rated by 1.7k men | 3.9 Good rated by 652 men | 3.8 Good rated by 282 men |
Job security | 4.0 Good | 3.8 Good | 3.8 Good | 3.6 Good |
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Nissan Could Nab Foxconn Exec For Its New CEO
- Nissan may appoint a Foxconn executive, Jun Seki, as its new CEO in the wake of CEO Makoto Uchida's struggles after failed merger talks with Honda.
- Jun Seki, a former Nissan executive and current EV strategist at Foxconn, is being considered by Nissan for the CEO role to orchestrate a financial turnaround and potentially rekindle the Honda merger.
- Seki, with over 30 years of experience at Nissan, left to work for Foxconn and could play a crucial role in Nissan's partnership with the Taiwanese manufacturer towards EV production.
- Nissan's move towards Seki indicates a potential tie-up with Foxconn, raising questions about a new alliance that may involve Honda.
- Volkswagen's ID. Every1 will be the first to use Rivian's software, representing a significant shift for VW towards a more powerful software architecture.
- VW's partnership with Rivian aims to enhance its software capabilities, moving away from its glitch-prone in-house software towards Rivian's tech stack.
- General Motors faces legal challenges over data privacy issues, with lawsuits accusing GM of secretly selling driver data from OnStar-equipped vehicles to insurance companies without explicit consent.
- GM's 'Smart Driver' program, monitoring driving habits, allegedly failed to disclose the true intention of data collection to owners, leading to increased insurance rates for some drivers.
- Arkansas and Texas are taking legal action against GM for data privacy violations related to the sale of driver data, with concerns raised up to the U.S. Senate for investigation.
- The lack of small, zippy EVs like hot hatches in the American market prompts discussion about the desire for more compact, high-performance electric vehicles to diversify the EV landscape.

Foxconn Breaks Ground On Massive EV Headquarters
- Foxconn, the major assembler of Apple products, has begun construction of a global headquarters for its New Business Development Group in Zhengzhou, China.
- The facility will focus on areas such as electric vehicles (EVs), energy storage, and emerging industries.
- The company plans to spend 1 billion yuan to build the headquarters, which will span 70,000 square meters.
- Foxconn aims to become a significant player in the EV industry, regionalizing production and capturing about 5% of the global EV market.

Nissan Could Replace CEO Amidst Dismal Earnings, Failed Merger
- Nissan's directors are reportedly looking for potential candidates to replace CEO Makoto Uchida, following the failed merger with Honda.
- Nissan is expected to announce the leadership change, including a potential management structure overhaul, on March 12.
- Uchida's contract expires in 2026, but the company is facing financial struggles and a projected $534 million loss by the end of March.
- Nissan may explore partnerships with other companies, including Foxconn, after the collapse of the merger with Honda.

Must-Read News on Starbucks, Apple, and More
- Starbucks plans to cut costs by removing 1,100 corporate jobs to simplify its structure and achieve better integration.
- Apple will invest $500 billion in the U.S. and create 20,000 jobs over four years through a partnership with Foxconn.
- AI stocks, including Broadcom, Nvidia, Micron, and AMD, fell on Monday as INTC stock is at the highest risk of losing more.
- Berkshire Hathaway, led by Warren Buffett, saw a 4.11% increase in its stock after posting strong profits with a full-year operating income of $47.44 billion.

Tesla approached by Japan group to invest in Nissan; Foxconn to partner with Honda for four-way tie-up?
- A high-level Japanese group is reportedly drawing up plans for Tesla to invest in Nissan, with the group believing Tesla is interested in acquiring Nissan's production plants in the United States.
- However, the office of former Japanese prime minister Yoshihide Suga, who is part of the group, stated that they were not aware of such a plan.
- Analysts doubt Tesla's interest in acquiring more vehicle assembly plants, as the company already has ample capacity at existing factories and expects to return to sales volume growth this year.
- After the termination of the Nissan-Honda merger deal, Foxconn has proposed a partnership with Honda, aiming to create a four-way framework that would also involve Nissan and Mitsubishi.

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.

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.

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.

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.

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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