Hon Hai - Asia Tech Wire

Hon Hai

2025.03.10

10:52

Hon Hai Research Institute launches AI large language model with reasoning capabilities

On March 10, Hon Hai Research Institute, a subsidiary of Hon Hai, announced the launch of a Traditional Chinese AI Large Language Model (LLM), with an internal development code FoxBrain. This model uses 120 NVIDIA H100 GPUs and completes training in four weeks. The FoxBrain model was originally designed for internal applications, covering functions such as data analysis, decision support, document collaboration, mathematics, reasoning and problem solving, and code generation, and will be open sourced and shared externally in the future.

2025.03.05

15:33

Hon Hai's sales in February reached NT$551.38 billion

Foxconn's sales in February were NT$551.38 billion.

2025.03.04

11:13

Mexican officials reveal Foxconn plans to build an AI server super factory locally

Foxconn plans to build an artificial intelligence server super factory near Guadalajara, which is expected to be completed within a year, said Pablo Lemus Navarro, governor of the Mexican state of Jalisco. Foxconn, also known as Hon Hai, will invest about $900 million in what will become the world's largest AI server assembly plant, using Nvidia's advanced GB200 artificial intelligence chip, Lemus said in an interview. The project is divided into two phases: expanding the existing Foxconn plant in El Salto and building a new plant nearby. Lemus said it should be completed within a year, adding that the plant is expected to start production at the end of this year or early next year. A Foxconn representative declined to comment.

2025.02.24

18:02

Hon Hai said to reach four-way cooperation with Japan automakers

Earlier market news said that Hon Hai will join hands with Japan's Honda, Nissan and Mitsubishi to form a four-party cooperation framework.

17:03

Foxconn plans to cooperate with Japanese automakers? Foxconn's response

According to Jiemian News, citing the Taiwan Economic Daily, there are market sources saying that Hon Hai will join hands with Japan's Honda, Nissan and Mitsubishi to form a four-party cooperation framework. In response, Hon Hai spokesman Wu Junyi said on February 24 that as competition in the global automotive industry becomes increasingly fierce, the company's CDMS (commissioned design service model) should be more accepted. He hopes to have better development in this industry this year and hopes to share some good news about CDMS cooperation projects in the near future.

2025.02.22

01:44

Trump: Apple CEO agrees to move production facilities from Mexico to the United States

U.S. President Donald Trump told a meeting of governors that Apple CEO Tim Cook promised him this week to move manufacturing from Mexico to the United States. Trump said Friday that Cook "closed two factories in Mexico" and would make products in the United States, and the company also promised to invest hundreds of millions of dollars in the United States. "They don't want to be caught up in the tariffs," Trump said. It was not clear which manufacturing facilities Trump was referring to, but Foxconn, which produces iPhones, has a large manufacturing base in Mexico and plans to expand its operations there. A representative for Apple did not immediately respond to a request for comment.

2025.02.21

18:02

Hon Hai: Subsidiary invests US$50 million in Goertek Electronics Vietnam

Foxconn announced that its subsidiary invested US$50 million in Goertek Vietnam.

2025.02.13

14:45

Hong Kong-listed telecom equipment stocks plunged in the afternoon, with ZTE Corporation (00763.HK) and BYD Electronics (00285.HK) both falling more than 6%, Changfei Fiber Optics (06869.HK) falling more than 5%, Hon Hai Precision Industry (06088.HK) and Xiaomi Group (01810.HK) both falling more than 4.5%.

2025.02.12

10:47

Hong Kong-listed telecommunications equipment stocks continued to rise, with BYD Electronics (00285.HK) up more than 7%, VTech (00303.HK) up nearly 6%, Xiaomi Group (01810.HK) up more than 4.5%, and Hon Hai Precision Industry (06088.HK) up more than 3%.

2025.02.10

15:40

Hon Hai's revenue in January increased by 3.16% year-on-year

On February 10, Foxconn announced that its revenue in January 2025 was NT$538.666 billion, a decrease of 17.74% from the previous month and an increase of 3.16% from the previous year.

15:36

Hon Hai's revenue in January increased by 3.16% year-on-year.

2025.01.15

18:09

A subsidiary of Hon Hai spent $128 million to buy land in California.

2025.01.05

16:06

Hon Hai's revenue in 2024 will be NT$6.86 trillion, a year-on-year increase of 11.37%, setting a record high for the same period.

16:01

Foxconn: It is expected that the overall operation in the first quarter will gradually enter the traditional off-season

On January 5, Hon Hai released its outlook for the first quarter of 2025. It is expected that the overall operation will gradually enter the traditional off-season. Even on the basis of the revenue in the fourth quarter of 2024 hitting a record high in a single quarter in the past, the seasonal performance of this quarter is expected to be consistent with that of the previous quarter. The average level over the past five years has been roughly the same; if compared to the same period last year, it will have increased significantly.

2024.12.25

09:28

Hon Hai's entry into ultra-thin AR glasses market may be preparing for new Apple AI orders

Hon Hai's entry into the ultra-thin AR glasses market may be in preparation for Apple's new AI product orders, according to Taiwan's Economic Daily News.

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