World`s Largest Contract Maker of Electronics

After nearly a year of public controversy over the lack of COVID-19 vaccines; [37] [38] [39] [40] In June 2021, Taiwan agreed to allow founder Terry Gou, through his charity Yongling Foundation[37], to partner with contracted chipmaker TSMC and negotiate the purchase of COVID-19 vaccines on his behalf. [38] [37] In July 2021, BioNTech`s Chinese sales agent, Fosun Pharma, announced that Foxconn and TSMC had reached an agreement to purchase 10 million BioNTech COVID-19 vaccines from Germany for Taiwan. [37] [38] The two technology manufacturers have committed to purchase five million doses each for up to $175 million[37], for a donation to Taiwan`s immunization program. [38] It built its first factory in mainland China, in Shenzhen, in 1988, and it remains its largest factory to this day. When Gou vertically integrated the assembly process and work facilities in China, the operation grew significantly. The factory site was converted into a campus that included housing, food, medical care, workers` burials and poultry farming to supply the restaurant. Hon Hai Precision Industry Co. has announced plans to expand its emerging automotive sector to counter the declining growth of its main consumer electronics assembly industry. However, Foxconn does not intend to sell these vehicles under its own brand, but will manufacture them for other car brands. In August 2021, Stellantis, a global automaker, and Foxconn announced a joint venture to develop a “smart cockpit” for automobiles that would include navigation, voice assistance and payment services. The joint venture between Foxconn and Stellantis called “Mobile Drive” will make smart cockpits available to other automakers. Based on its semiconductor division, Intel was the world`s largest semiconductor company and also the world`s highest-rated chip manufacturer.

Intel manufactures motherboard chipsets, network interface controllers, and integrated circuits. Among the most popular products are high-end Intel processors such as the i7 processor series such as the Intel 9900-K processor. Today, Foxconn is the world`s largest manufacturer of contract electronics, employs 1.2 million people in mainland China, and is China`s largest private employer and exporter. It has factories in various countries, most of which are located in mainland China. Contact leading electronics companies today on BizVibe. In January 2012, Foxconn appointed Tien Chong (Terry) Cheng as Managing Director of its subsidiary FIH Mobile Limited. [22] He resigned the same year, citing health problems. [23] At that time, Foxconn accounted for about forty percent of the world`s consumer electronics production.

[24] White Label – In addition to the private label manufacturing that Foxconn does for Apple through contract manufacturing, it also offers white label items. These are usually not supplied with the foxconn logo, but with that of the distributor and sold to a variety of distributors. Because the underlying technology is identical, these generally low-cost electronic items can be produced on a larger scale and therefore at a lower cost than a single retailer. Foxconn Technology is a Taiwanese multinational contract electronics company specializing in computer, communication and consumer electronics products. Metal shells, structural components, thermal modules and assembly products for game consoles are all available in the company. At No. 3 on BizVibe`s list of the 10 largest electronics companies in the world in 2020 is Taiwanese multinational electronics manufacturer Hon Hai Precision Industry – also known as Foxconn. Foxconn is the largest private employer in Taiwan and the world`s largest provider of electronics manufacturing services. In 2019, Hon Hai Precision Industry generated sales of $175.62 billion. The company was founded in 1974 by Terry Gou and is currently known for manufacturing electronic products for major American, Canadian, Chinese, Finnish and Japanese companies. Foxconn is famous for developing iPhones, iPads, Nintendo 3DS, Kindle, Playstation consoles and many more.

The company operates internationally in China, the United States, Brazil, Europe, Mexico, Japan, India, Malaysia and South Korea. Intel is a global provider of computer chips for leading technology companies such as Apple, Lenovo, HP and Dell. Intel`s revenue topped $71.9 billion last year, making it one of the world`s leading electronics companies by revenue in 2020. In mid-2015, Foxconn was in talks to make Apple`s iPhone in India. [66] In 2015, Foxconn announced plans to build twelve plants in India and create about one million jobs. [67] He also discussed his intention to work with the Adani Group for expansion in the country. In August 2015, Foxconn invested in Snapdeal. They also signed a memorandum of understanding with the Maharashtra state government to build an electronics manufacturing plant in Maharashtra within 5 years with an investment of $5 billion. [68] In September 2016, Foxconn began manufacturing products with Gionee.

[69] In April 2019, Foxconn announced that they were ready to mass-produce new iPhones in India. [70] Its president Terry Gou said production will take place in the southern city of Chennai. [70] GLOBAL AMBITIONS: Foxconn bought a majority stake in Japanese company Sharp Corp. for $3.5 billion in 2016, during the first foreign acquisition of a major Japanese electronics company. It also sought to take a stake in Toshiba Corp.`s lucrative memory chip business, though competing bidders are expected to win. Gou has made it clear that he intends for Foxconn to build its brand and acquire its own cutting-edge technology. Huawei is a Chinese multinational specializing in the manufacture and sale of consumer electronics and telecommunications equipment. Huawei was founded in 1987 and currently has its headquarters in Shenzhen, China.

In 2019, Huawei generated annual sales of $122.97 billion, ranking 4th in revenue among the top electronics companies on this list. Huawei sells its products in more than 170 countries and recently overtook Apple as the world`s second largest smartphone maker behind Samsung. With a market share of 20%, Huawei is the largest seller of smartphones in China. Samsung Electronics is 2. on this list of the 10 largest electronics companies due to its excellent revenue, wide range of electronics manufacturing capabilities, and innovation in the market. Samsung is also the 2nd largest technology company in the world in terms of revenue, behind Apple. How they do it: Foxconn offers its customers fully integrated solutions that cover the entire manufacturing process when they act as a contract manufacturer. In doing so, it uses its cost-effective manufacturing expertise and the scale of its production facilities to reduce production costs per unit.

Thanks to the full range of services, it is able to produce its client products such as Apple`s iPhone for less than Apple could produce itself. Ranked #4 on this list of the best electronics companies is Dell Technologies, an American multinational technology company based in Round Rock, Texas. Dell is known for its robust range of electronic devices including PCs, servers, smartphones, televisions, computer software, computer and network security services, and information security services. Unlike some of the other global brands on this list, about 50% of Dell`s revenue is generated in the U.S. market. In addition to iPhones, the company is also known for designing, developing, manufacturing and selling a wide range of consumer electronic products, including iPad tablet, MAC PCs and laptops, iPod, Apple Watch, Apple TV, AirPods, Homepods and many others. Apple is known for its innovation, as many of its products have changed existing markets forever. Apple is No. 1 on our list of the 10 largest electronics companies in the world in 2020 due to its immense revenue and influential status in the electronics industry. The industry is changing and is more connected and integrated than ever. We are seeing newer and more advanced technologies rapidly replacing older technologies, resulting in steady annual growth and promising expectations for the future.

In the B2B world, outsourcing and contract manufacturing services are taking over, as it is cheaper to manufacture electronic components in certain parts of the world. In 2020, revenues were NT$5.36 trillion ($193 billion). [34] Circuits ASSEMBLY Magazine named Foxconn the world`s largest provider of electronic manufacturing services for the 14th consecutive year. [35] In mid-2021, Foxconn announced that it would embark on semiconductor manufacturing and expand the supply of chips for electric vehicles (EVs) and electronic health devices. [41] In addition, the company announced that it would become more involved as a contract installer of electric vehicles […].

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