Foundation of Foxconn
Foxconn, originally named Hon Hai Precision Industry Co., Ltd., was founded by Terry Gou in Tucheng, New Taipei, Taiwan.
1974
1988
First Manufacturing Plant in China
Foxconn established its first manufacturing plant in Shenzhen, China, marking the beginning of its major expansion into the mainland Chinese market.
1996
Partnership with Compaq
Foxconn secured a significant contract with Compaq, which helped solidify its position as a major player in the electronics manufacturing industry.
2000
Expansion of Manufacturing Capabilities
Foxconn expanded its manufacturing capabilities by opening multiple new plants in China, further increasing its production capacity.
2001
IPO on Taiwan Stock Exchange
Foxconn went public with an initial public offering (IPO) on the Taiwan Stock Exchange, raising significant capital for further expansion.
2007
Partnership with Apple
Foxconn began manufacturing the iPhone for Apple, which became one of its most significant and high-profile partnerships.
2010
Employee Welfare Reforms
Following a series of employee suicides, Foxconn implemented various welfare reforms, including wage increases and improved working conditions.
2012
Acquisition of Sharp
Foxconn acquired a 10% stake in Sharp Corporation, a major Japanese electronics company, marking a significant investment in display technology.
2016
Full Acquisition of Sharp
Foxconn completed the full acquisition of Sharp Corporation, further expanding its capabilities in the electronics and display sectors.
2017
Announcement of Wisconsin Plant
Foxconn announced plans to build a large manufacturing plant in Wisconsin, USA, aimed at producing LCD panels and creating thousands of jobs.
2018
Launch of Foxconn Industrial Internet
Foxconn launched Foxconn Industrial Internet (FII), a subsidiary focused on smart manufacturing and industrial internet technologies.
2019
Leadership Transition
Terry Gou stepped down as chairman to focus on his political career, and Young Liu was appointed as the new chairman of Foxconn.
2020
COVID-19 Response
Foxconn played a critical role in the global supply chain during the COVID-19 pandemic, manufacturing essential medical equipment and maintaining production of consumer electronics.
2021
Electric Vehicle Initiative
Foxconn announced its entry into the electric vehicle market, unveiling plans to produce EV components and partner with automotive companies.
2022
Partnership with Lordstown Motors
Foxconn entered into a strategic partnership with Lordstown Motors to manufacture electric trucks, further expanding its presence in the EV market.
2023
Expansion in India
Foxconn announced significant investments in India to expand its manufacturing capabilities, aiming to diversify its production base beyond China.
2024
Sustainability Initiatives
Foxconn launched new sustainability initiatives aimed at reducing its carbon footprint and promoting green manufacturing practices across its global operations.
