Foxconn – Company Overview

Foxconn, which is also known as Foxconn Technology Group is a multinational electronics contract manufacturing company that is based in Taiwan. You will be able to discover the headquarters of this company in New Taipei. It is possible to consider Foxconn as the largest service provider that delivers electronics manufacturing services to the people in need. On the other hand, you can think about calling it the fourth biggest IT Company in terms of revenue out there in the world. Foxconn has earned a reputation as the largest private employer based in Taiwan as well. Terry Gou is the founder of this company.

Products offered by Foxconn

Foxconn is engaged in the process of manufacturing electronic products. These products come along with a Chinese, Canadian and American finish. In addition to that, numerous Japanese companies are also working with Foxconn. Some of the most outstanding products manufactured by Foxconn include Nokia devices, Nintendo 3Ds, Amazon Kindle, iPod, iPad and Blackberry. Moreover, the PlayStation gaming consoles, Xbox One, Xbox 360 and Wii U are manufactured by this company as well. 

The newest TR4 CPU socket that you can discover in motherboards is a proud product that Foxconn is manufacturing. According to the statistical records of 2012, Foxconn has been manufacturing around 40% of the consumer electronic products that are being used by people in different parts of the world.

It is true that Foxconn is a company that is linked with a large number of controversies as well. For example, several company employees committed suicide back in the year 2010. Due to the same reason, numerous labor activists went ahead and criticized what Foxconn has been offering. They claimed that Foxconn is offering low wages to the employees and the company is keeping them for extended hours at work. However, we cannot see the brand engaged with any such controversial incidents in the recent past. Therefore, you may be able to assume that the company has learnt its lesson.

History of Foxconn

Let’s take a quick look at the history of Foxconn and see how the company has evolved throughout the past and how they have been offering their services to the people in need. 

As mentioned earlier, Foxconn was established by Terry Gou. He went ahead and started the company back in the year 1974. The very first manufacturing plant of this brand was not located in Taiwan, but in China. That’s because the company could easily source affordable labor from China for its manufacturing activities. 

2001 was a prominent year that you can find in the history of Foxconn. That’s because the company went ahead and signed a partnership with Intel. This contributed a lot to the popularity of the Foxconn brand. Along with that partnership, Foxconn was able to start manufacturing Intel branded motherboards. Before that, the company has been manufacturing Asus branded motherboards. This partnership contributed to increasing the total number of products that the manufacturer is producing per year. Along with that, they had to open up new production facilities throughout the country as well. 

Back in the year 2012, Foxconn went ahead and appointed Tien Chong as the new CEO of the company. However, he didn’t work for the company for a long period of time. He decided to resign from his position due to certain health issues that came on his way. 

Exploring what Foxconn is offering to the market

Foxconn has been able to develop a unique brand identity around them. In fact, it is called as the shorthand for the human costs. The company is manufacturing high-quality electronic products at a lower price tag. That’s mainly because they are sourcing cheap labor from countries such as China. 

As of now, Foxconn has got more than 1.2 million workers within the manufacturing plants in China. Therefore, you can think about calling it one of the biggest manufacturing companies out there in the world as well. The company maintains a strong reputation for what they offer, regardless of the controversies. If Foxconn was not there, we will have to spend a lot more money to purchase the consumer electronics goods that we are using on a daily basis.

Some of the leading brands that are working with Foxconn include Huawei, Motorola, Nokian, Apple, Sharp, Sony and Cisco. You must be using one or more products offered by these brands in day to day life. If Foxconn was not there, you might not even use some of them due to the high price tag. Hence, it is important to keep that fact in your mind and move forward. 

Among the different brands, Apple is maintaining close relationships with Foxconn. In fact, almost all Apple products are now being assembled and manufactured by Foxconn. Apple is maintaining high-quality standards on its products and it can clearly be seen from what Foxconn is offering to the people at the end of the day.

Foxconn knows how to work with their partner companies in a responsible manner. Hence, a smooth and effective working experience is offered to all those different entities. Due to the same reason, numerous other brands in the consumer electronics industry have shown their interest to work along with Foxconn.

Foxconn knows that the employees are working hard for the development of the company. Hence, the company has paid special attention to taking care of all the hard-working employees as well. In fact, the company is currently working on a mission to provide a positive and safe working environment for all the people who work with the company. In addition to that, the company is planning to offer higher wages than what the government has been able to set up as mandated wages. Due to the same reason, we will not be able to hear any controversial stories about Foxconn, as we heard back in the past.

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