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Hon Hai Precision Industry Co., Ltd. (HNHPF)

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9.98+0.35 (+3.60%)
As of 01:44PM EDT. Market open.
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  • Reuters

    Foxconn reiterates Q2 revenue to grow, posts record April sales

    Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April.Foxconn said in a statement that this year's second quarter "remains a traditional off-peak season, and major products are entering a period of transition between old and new products". The company, formally called Hon Hai Precision Industry Co Ltd, said April revenue reached T$510.9 billion ($15.83 billion), which it said was the highest figure on record for the same period and represented an on-year rise of 19%. Revenue in its smart consumer electronics products, including smartphones, in April showed "significant growth" year-on-year, it said.

  • PR Newswire Asia

    Hon Hai Technology Group (Foxconn) Pledges 100% Renewable Electricity By 2040 and Joins RE100

    Hon Hai Technology Group ("Foxconn") (TWSE:2317) announced its worldwide operations will run fully on green electricity by 2040 and has joined the global initiative RE100, in a milestone on Earth Day 2024 that adds the world's largest electronics manufacturer and technology solution provider among the most influential businesses committed to 100% renewable electricity.

  • Reuters

    Apple supplier Foxconn introduces rotating CEO role

    Taiwan's Foxconn has this month started a rotating chief executive system in an overhaul of its management designed to nurture successors of the world's largest contract electronics maker, chairman Young Liu said on Wednesday. Reuters exclusively reported last week that major Apple supplier Foxconn was considering introducing a rotating chief executive system in a move to boost corporate governance by separating the role of chief executive from the chairperson as well as to develop future talents. Responding to reporters' questions in Taipei, Liu said in order to have sustainable development Foxconn must have "succession planning" in place and that the rotating system could help develop future talents.