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25

Hon Hai Precision Industry

HNHPF

Taiwan

Hon Hai Precision Industries, known as Foxconn, grew to vast scale by helping build Apple’s iPhone into a world leader. But with the introduction of the iPhone 6 in late 2014, Foxconn saw its good fortune start to reverse. Competitor Pegatron grabbed a chunk of iPhone assembly work and smaller firms also won away some of its phone case manufacturing role. Then the summer of 2015 saw a huge slowdown in smartphone sales and weakness across the Chinese economy. It was also a year of diversification, as CEO Terry Gou pledged to build a $5 billion factory in western India, with plans for possibly a dozen more to follow. As the year came to a close, Gou signaled vague interest in troubled Japanese electronics firm Sharp — interest that grew more intense and turned into a bid for the company in 2016.

CEO

Terry Gou

Sector

Technology

Industry

Electronics, Electrical Equip.

HQ Location

New Taipei City, Taiwan

Employees

1,060,000

Years on Global 500 List

12

Figures prepared in accordance with International Accounting Standards.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$141,2131.6%
Profits ($M)$4,6277.4%
Assets ($M)$70,287
Total Stockholder Equity ($M)$30,682
Profit Ratios
Profit as % of Revenues3.3%
Profits as % of Assets6.6%
Profits as % of Stockholder Equity15.1%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

News about Hon Hai Precision Industry

China's 3 Internet Giants Are Investing in a Major Apple Gear Manufacturer

China’s largest tech firms join other major names that are buying into the unit of Hon Hai Precision Industry.

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Wisconsin Assembly Paves the Way for $3 Billion Incentives for Foxconn

Republicans say a proposed plant will bring jobs, critics say it's rushed and could be damaging.

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Why Toshiba Is So Desperate to Sell a Chunk of Its Chip Business

A failure to complete the sale, approved today, could wipe out shareholder equity.

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