2
Hon Hai Precision Ind.
(TSEC: 2317)
Taiwan
Taiwan's leading electronics company is focusing on what it does best: producing handsets, PCs, and all sorts of computer parts and components. Other Taiwanese electronics companies are trying to build brand names for consumer products, but Hon Hai is sticking to its traditional business, providing outsourced manufacturing for companies like Nokia and Apple. Hon Hai employs 130,000 workers in China and is shifting gears in the mainland: In early June, the company announced it was moving its Asia-Pacific headquarters to Beijing from the southern city of Shenzhen because it plans to expand production in northern China in order to grow business in neighboring Korea and Japan. On June 14, the company announced plans to sell $1.8 billion in shares overseas in order to pay for expansion. And the company is moving fast: On June 20, it revealed that that it is acquiring Premier Image Technology Corp., Taiwan's leading producer of digital still cameras, with Hon Hai paying $928 million in stock for the camera maker.
Company Info |
|
| 2005 Rank | 2 |
| Sales* ($ Millions) | 28,440.0 |
| Sales Growth (over prev. year) |
68 % |
| Profits* ($ Millions) | 1,272.2 |
| Return on Equity | 22.5 % |
| Total Return on Sales (12-mo.) | 51.5 |
| Share Price As of 5/31/06 | 6.43 |
| CURRENT MARKET INFO | TSEC: 2317 |
| No. of Employees | |
| Industry | Computers & Peripherals |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Hon Hai Precision Industry operating under the trade name Foxconn Electronics, engages in the manufacture and sale of connectors and cable assemblies, as well as enclosures primarily for desktop PCs and PC servers in Taiwan and internationally. It offers a range of connectors for desktop and notebook PCs, and PC peripherals. The connectors also have applications in an array of industries, including automobile, communications, consumer products, medical, and defense. The company offers approximately 500 types of connectors, including backplane connectors, battery connectors, BTB connector, CPU sockets, docking connectors, flash memory connectors, FPC connectors, I/O connectors, LGA sockets, media bay connectors, memory sockets, mini PCI/card edge connectors, PC card socket connectors, power connectors, RF connectors, SCSI connectors, SIM card connectors, and system I/O connectors. Its cable assemblies comprise data cables, external cable for devices, external device with cables, FFC cables, LAN cables, LCD cables, mini USB cables, monitor cables, power cord cables, RF antenna cables, serial cables, and USB cables. Foxconn provides PC enclosures for clients to deal with thermal, acoustic, environmental, mechanical, functional, and design problems. In addition, it offers wired/wireless communication products and power supply modules for use in the IT, communications, automotive equipment, optical-electronic, precision molding, automobile, and consumer electronics industries. The company markets its products principally under the Foxconn brand name. Foxconn was founded in 1974 and is headquartered in Taipei, Taiwan.
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