Hon Hai Precision

Hon Hai Precision (Foxconn) chairman Young Liu expressed optimism for Q1 2022 in an address to staff, forecasting solid growth as vendors reportedly stockpile inventories, but warned of continued challenges and uncertainties.

Young Liu, presidente de Hon Hai Precision (también conocida como Foxconn), ha expresado en un discurso dirigido a los empleados de la empresa su optimismo para el primer trimestre de 2022.

Hon Hai Precision Industry (Foxconn) overhauled its management structure by creating a new operations committee with nine senior executives given the mandate to make decisions on major business matters, Bloomberg reported.

Hon Hai Precision (Foxconn) moved a step closer to raising funds for investments in technologies including 5G, IoT and artificial intelligence, after a planned listing of subsidiary Foxconn Industrial Internet was approved.

Taiwan-headquartered Hon Hai Precision Industry, which acquired a controlling stake in Japan-based Sharp a year ago, is considering making a joint bid with the electronics maker to buy the memory business of troubled Toshiba, The Nikkei reported.

Hon Hai Precision, the largest electronics contract manufacturer in the world and the main assembler of iPhones, reported its first drop in revenue in more than two decades during 2016 as sales of iPhones didn’t live up to expectations.

Hon Hai Precision’s OEM handset unit FIH Mobile issued a profit warning, forecasting an 85-90 per cent drop in earnings for the first half of the year as smartphone demand continues to weaken.