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Hon Hai Precision Industry Co., Ltd., trading as Hon Hai Technology Group in China and Taiwan and Foxconn internationally, is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng, New Taipei City, Taiwan. In 2021, the company's annual revenue reached () and was ranked 20th in the 2022 Fortune Global 500. It is the world's largest technology manufacturer and service provider. While headquartered in Taiwan, the company is the largest private employer in the People's Republic of China and one of the largest employers worldwide. Terry Gou is the company founder and former chairman. Foxconn manufactures electronic products for major American, Canadian, Chinese, Finnish, and Japanese companies. Notable products manufactured by Foxconn include the BlackBerry, iPad, iPhone, iPod, Kindle, all Nintendo gaming systems since the GameCube (except subsequent Nintendo DS models), Nokia devices, Sony devices (including the Play ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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List Of Largest Employers
The largest employers in the world include companies, militaries, and governments. Largest employers Companies and institutions are included in this list. Largest private and semiprivate employers The rankings below are the six private-sector and semiprivate companies providing the most jobs worldwide, according to a list published in 2021 by ''Fortune'' magazine. The Tata Group of companies, which collectively employ over 720,000 people, is not listed by ''Fortune'' as a single enterprise. See also * Fortune Global 500 * Forbes Global 2000 * List of multinational corporations * List of largest European manufacturing companies by revenue * List of largest financial services companies by revenue * List of the largest software companies * List of largest Internet companies * List of largest technology companies by revenue * List of private-equity firms * List of largest companies by revenue * List of public corporations by market capitalization * List of largest corporate ...
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Fortune Global 500
The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune'' magazine. Methodology Until 1989, it listed only non-United States industrial corporations under the title "International 500" while the ''Fortune'' 500 contained and still contains exclusively United States corporations. In 1990, United States companies were added to compile a truly global list of top industrial corporations as ranked by sales. Since 1995, the list has had its current form, listing also top financial corporations and service providers by revenue. Several inconsistencies exist in ''Fortune'' ranking of cities with the most ''Fortune'' 500 headquarters. On June 3, 2011, the ''Atlanta Business Chronicle'' stated examples of ''Fortune'' including regional headquarters for some cities, excluding regional headquarters for other cities and in some cases excluding headquarte ...
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New Taipei City
New Taipei City is a special municipality located in northern Taiwan. The city is home to an estimated population of 3,974,683 as of 2022, making it the most populous city of Taiwan, and also the second largest special municipality by area, behind Kaohsiung. New Taipei City neighbours Keelung to the northeast, Yilan County to the southeast, and Taoyuan to the southwest, and completely encloses the city of Taipei. Banqiao District is its municipal seat and biggest commercial area. Before the Spanish and Dutch started arriving in Taiwan and set up small outposts in Tamsui in 1626, the area of present-day New Taipei City was mostly inhabited by Taiwanese indigenous peoples, mainly the Ketagalan people. From the late Qing era, the port of Tamsui was opened up to foreign traders as one of the treaty ports after the Qing dynasty of China signed the Treaty of Tianjin in June 1858. By the 1890s, the port of Tamsui accounted for 63 percent of the overall trade for entire Taiwan, po ...
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Contract Manufacturer
A contract manufacturer (CM) is a manufacturer that contracts with a firm for components or products (in which case it is a turnkey supplier). It is a form of outsourcing. A contract manufacturer performing packaging operations is called copacker or a ''contract packager''. Brand name companies focus on product innovation, design and sales, while the manufacturing takes place in independent factories (the turnkey suppliers). Most turnkey suppliers specialize in simply manufacturing physical products, but some are also able to handle a significant part of the design and customization process if needed. Some turnkey suppliers specialize in one base component (ex. memory chips) or a base process (e.g. plastic molding). Business model In a contract manufacturing business model, the hiring firm approaches the contract manufacturer with a design or formula. The contract manufacturer will quote the parts based on processes, labor, tooling, and material costs. Typically a hiring firm ...
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Electronics
The field of electronics is a branch of physics and electrical engineering that deals with the emission, behaviour and effects of electrons using electronic devices. Electronics uses active devices to control electron flow by amplification and rectification, which distinguishes it from classical electrical engineering, which only uses passive effects such as resistance, capacitance and inductance to control electric current flow. Electronics has hugely influenced the development of modern society. The central driving force behind the entire electronics industry is the semiconductor industry sector, which has annual sales of over $481 billion as of 2018. The largest industry sector is e-commerce, which generated over $29 trillion in 2017. History and development Electronics has hugely influenced the development of modern society. The identification of the electron in 1897, along with the subsequent invention of the vacuum tube which could amplify and rectify small ...
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Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism Th ...
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China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dyna ...
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Trade Name
A trade name, trading name, or business name, is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is a "fictitious" business name. Registering the fictitious name with a relevant government body is often required. In a number of countries, the phrase "trading as" (abbreviated to t/a) is used to designate a trade name. In the United States, the phrase "doing business as" (abbreviated to DBA, dba, d.b.a., or d/b/a) is used, among others, such as assumed business name or fictitious business name. In Canada, "operating as" (abbreviated to o/a) and "trading as" are used, although "doing business as" is also sometimes used. A company typically uses a trade name to conduct business using a simpler name rather than using their formal and often lengthier name. Trade names are also used when a preferred name cannot be registered, often because it may already be registered or is too similar to a name that is a ...
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Belkin
Belkin is an American consumer electronics and networking company headquartered in El Segundo, California. It produces mobile and computer connectivity devices and peripherals for consumer and commercial use. These include wireless chargers, power banks, charging cables, data cables, audio and video adapters, headphones, earbuds, smart speakers, screen protectors, surge protectors, Wi-Fi routers, smart home products, electronic device sanitizers, docking stations and data hubs, network switches, KVM switches and network cables. Belkin is the parent company for Linksys and WeMo branded products and services, as well as the smart home water management company, Phyn. In 2016, Belkin was acquired by Foxconn, the largest provider of electronics manufacturing services. It now operates as an independent subsidiary. History While attending UCLA, Chet Pipkin, who was spending his time in local computer shops, saw the growing need for cables that would connect personal computers to new ...
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Smart Technologies
Smart Technologies (stylized as SMART Technologies) also known as Smart, is a Canadian company headquartered in Calgary, Alberta, Canada and wholly owned by Foxconn. Founded in 1987, Smart is best known as the developer of interactive whiteboards branded as the "SMART Board" popularly used in education and business. History Smart was founded in 1987 by husband and wife David Martin and Nancy Knowlton. In 1991, Smart introduced its interactive whiteboard, branded the "SMART Board". In 2003, Smart developed and later patented DViT (Digital Vision Touch) technology which was an important feature of the SMART board. In 2009, Smart filed a patent infringement lawsuit against New Zealand-based NextWindow before acquiring the company outright in 2010. On July 15, 2010 Smart Technologies placed an initial public offering on the NASDAQ stock exchange and Toronto Stock Exchange (TSX), raising upwards of $660 million. Later that year, several class action complaints were filed aga ...
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