Hon Hai Precision Industry Co (鴻海精密), the world’s biggest electronics manufacturing service provider, maintained its top spot on the annual Fortune 500 list of the largest Taiwanese companies in terms of revenue, according to the new issue of Fortune magazine due out on July 25.
The results, reported by CNN Money on its Web site yesterday, showed Hon Hai as having reported revenue of US$95.19 billion last year, 60.46 percent higher than the previous year. That helped boost the company’s ranking on this year’s Fortune 500 list to No. 60 from No. 112 last year.
A total of eight Taiwanese companies made it into the Fortune 500 list this year, the same as last year.
Quanta Computer Inc (廣達電腦), the world’s largest notebook computer maker, switched places with Cathay Life Insurance Co (國泰人壽), the nation’s largest life insurer, to become the second-largest Taiwanese company on the list, the magazine’s poll showed.
Quanta recorded revenue of US$35.72 billion last year and was ranked 246 in the Fortune 500 this year, up from 327 last year. Cathay Life reported revenue of US$34.8 billion with a global ranking of 258 this year, compared with 281st last year, according to the poll.
Compal Electronics Inc (仁寶電腦), the world’s second-largest contract notebook computer maker, state-run refiner CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化), the nation’s only publicly traded oil refiner, remained Taiwan’s fourth, fifth and sixth-largest companies respectively. They were ranked 339th, 349th and 409th in the Fortune 500 this year.
The nation’s leading PC brand Acer Inc (宏碁電腦) saw its global ranking rise one notch to No. 486 this year, the seventh-largest among its local peers on the list, with revenue of US$19.98 billion, the poll showed.
It was followed by Wistron Corp (緯創資通) — the world’s third-largest contract notebook PC maker and a contract manufacturing spin-off from Acer — which was ranked No. 499 on the list with revenue of US$19.54 billion. However, Asustek Computer Inc (華碩電腦), the world’s No. 6 PC brand, dropped out of the Fortune 500 list this year. It ranked 465th last year.
Globally, the US has the most companies on the list this year, with 133, followed by 68 from Japan and 61 from China.
Wal-Mart Stores Inc, the world’s largest retailer, remained the world’s largest company, with revenue of US$421.85 billion. It was followed by Royal Dutch Shell PLC with US$378.15 billion and Exxon Mobil Corp with US$354.67 billion, according to the poll.
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