Foxconn

Overview of Foxconn: Foxconn is primarily an original design manufacturer, and its clients include major American, European, Japanese electronics and information technology companies. Foxconn has factories in Asia, Europe, and South America that together assemble around 40 percent of all consumer electronics products sold. Foxconn has 13 factories in nine Chinese cities—more than in any other country (Foxconn, n.d.). Foxconn Technology Group is the most dependable partner for joint-design, joint-development, manufacturing, and assembly and after-sales services to global Computer, Communication and Consumer-electronics ("3C") leaders. Aided by its legendary green manufacturing execution, uncompromising customer devotion and its award-winning proprietary business model, eCMMS, Foxconn has been the most trusted name in contract manufacturing services in the world (Foxconn, n.d.).
Company history:
Hon Hai Precision Industry Co., Ltd. was founded in 1974 as a manufacturer of electrical components. Foxconn was originally a trade name of Hon Hai and a subsidiary later received the name. Hon Hai's first manufacturing plant in mainland China opened in Longhua, Shenzhen, in 1988(Foxconn, n.d.).
In 2001, Intel concentrated on its core competency of chip making and began using Chinese contract manufacturers such as Foxconn to make Intel-branded motherboards (Foxconn, n.d.).
In November 2007, Foxconn announced plans to build a new US$500 million plant in Huizhou, southern China (Foxconn, n.d.).
In January 2012, Foxconn named Tien Chong (Terry) Cheng chief executive who soon resigned citing health problems (Foxconn, n.d.).
In September 2012, Foxconn announced plans to invest US$494 million in the construction of five new factories in Brazil, and other countries, creating 10,000 jobs.
Terry Gou founded Hon Hai Precision Industry Company Ltd, the anchor company of Foxconn Technology Group in 1974 with US$7,500, devotion in integrating expertise for mechanical and