The Information Technology 100
Hon Hai Precision Ind.
Hon Hai Precision Industry is the Taiwanese manufacturer that makes everything from PCs for Hewlett-Packard to cell phones for Nokia and PlayStation 2 game consoles for Sony. Hon Hai, which consistently ranks high in BusinessWeek's Info Tech 100, has been closing the gap on its big North American electronics rivals and now boasts the title of No. 1 electronics manufacturer worldwide. While many Taiwanese companies are enjoying top-line growth but suffering from slumping profits, Hon Hai remains an earnings machine. Analysts expect 2005 profits to rise 24% to $1.2 billion. The company's New York-traded ADRs are up 74% since last June -- at a time when the stock prices of many other Taiwanese electronics makers have languished.
Hon Hai employs about 100,000 people in China alone, and publicity-shy chairman Terry Gou isn't just counting on a presence there. In May, the company took control of an Australian plant from HP. In 2003, it bought Motorola's mobile phone factory in Chihuahua, Mexico. And now it has purchased a big piece of land for its new North American headquarters in Juarez, across the border from El Paso, Tex.
|Return on Equity||24.7%|
|Industry||COMPUTERS AND PERIPHERALS|
|CORPORATE WEB SITE|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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Hon Hai Precision Industry Co., Ltd. engages in the manufacture, processing, and sale of connectors, cables, enclosures, thermal products, and assemblies for the information technology, communication, automotive equipment, optical electronics, precision molding, automobile, and consumer electronics industries. It is the largest manufacturer of connectors for use in PCs in Taiwan, and a leading manufacturer of connectors and cable assemblies in the world.
No. of Employees
Terry Gou serves as the Chairman and Chief Executive Officer of Hon Hai Precision Industry Co.