Foxconn

Terry Gou opened a small connector factory in Tucheng District on February 20, 1974. That modest start grew into the Foxconn Technology Group, now the world's largest electronics contract manufacturer. The company quietly assembles the devices billions of people use daily, from smartphones to servers. In 2023 alone, it generated over 6 trillion New Taiwan dollars, landing at number 20 on the Fortune Global 500 list.

While its legal name is Hon Hai Precision Industry Co., Ltd. in Taiwan, the brand operates globally under the Foxconn moniker. This duality reflects a strategy where corporate governance remains distinct from international marketing. Clients like Apple, Google, Nintendo, and Sony rely on its massive production capacity. By 2012, these facilities were already producing roughly 40% of all consumer electronics sold worldwide.

A major leadership shift occurred in 2019 when Gou stepped down as CEO, passing control to Young Liu. Liu redirected the company toward high-value sectors including semiconductors, artificial intelligence, and electric vehicles. Recent financial reports from August 2026 show this pivot working; profits rose 35% in the second quarter driven by surging demand for AI-related products. The company continues expanding its footprint with $5 billion in planned investments for Vietnam and new facilities in Wisconsin, Ohio, and Texas. [edit]