Hon Hai Precision Industry - Asia's Best Tech Companies

[VelMurugan]

Hon Hai Precision Industry



Market Value: $32.9 bn

Sales: $52.5 bn

Hon Hai Precision Industry is the world's largest contract electronics manufacturer by revenue. The company recently announced that its net profit for the first half of the year totaled to NTD 28.01 billion.

Hon Hai, which manufactures iPods for Apple, has maintained annual sales growth rates of more than 40 per cent since it began to announce its consolidated financial results in fiscal 1999.

Operating under the trade name Foxconn Electronics, Hon Hai manufactures connectors and cable assemblies and enclosures for desktops and notebook PCs, and PC peripherals. However, the company is still best known for manufacturing iPods.

In June 2007, the company acquired Premier Image Technology Corp, Taiwan's leading producer of digital still cameras.

The company has pledged to invest at least T$100bn ($3.2bn) in Taiwan. Terry Gou, Hon Hai's founder and chairman, reportedly said that the group plans to hire 30,000 new staff in Taiwan and begin listing overseas units in Taipei.

Source : IndiaTimes