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Taiwan-based Hon Hai Precision Industry—better known as Foxconn—had an impressive year. Reporting a record $181 billion in revenue in 2020, the largest electronics manufacturer in the world jumped four spaces in the Global 500. As Apple’s biggest supplier, as well as a manufacturer to giants such as Amazon, Xiaomi, and Sony’s PlayStation, Foxconn has benefited immensely from the consumer tech boom triggered by the abrupt global shift to homeschooling and working from home during the pandemic, a trend expected to continue. Finally, the company’s push into the electric vehicle market, via its “Foxconn 3.0 vision,” has met with early successes following a partnership with EV maker Fisker.
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