Two Chinese production sites of iPhone assembler Hon Hai Precision Industry Co (鴻海精密) and smaller rival Wistron Corp (緯創) have been named “global lighthouse” factories by the World Economic Forum (WEF).
Hon Hai, known outside of Taiwan as Foxconn Technology Group (富士康科技集團), said that its factory in Chengdu had been chosen by the WEF among 15 factories worldwide on this year’s “global lighthouse” list.
The Chengdu plant is the second Hon Hai factory to be included on the list after its Shenzhen plant was chosen in 2019.
The WEF and consulting firm McKinsey & Co in 2018 began the list of “lighthouse” factories chosen for their digital transformation — plants that have adopted the latest technologies, such as artificial intelligence (AI) and the Internet of Things (IoT).
Since then, only 69 factories have been included on the list.
Hon Hai said that the choice of the Chengdu plant reflected the company’s efforts to boost the factory’s efficiency by 200 percent by adopting mixed reality, AI and IoT technologies at a time when the company was experiencing a rapid growth in its business, but faced a lack of skilled workers.
Mixed reality is the merging of “real” and “virtual” worlds to produce new environments and visualizations.
Hon Hai has been transforming itself from a pure contract manufacturer into a company that is able to integrate its hardware and software capabilities.
The company has been engaging with emerging technologies, such as 5G applications, electric vehicles and digital healthcare, to boost its profit margin in a competitive global market.
Wistron said that its factory in Kunshan that produces AI plus IoT devices had been chosen.
The factory’s inclusion on the WEF list represents a milestone for the firm, Wistron said, as it has been using new technologies to upgrade its facilities and lay a foundation for corporate sustainability.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, has decided to slow down its 3-nanometer chip production as Intel Corp, one of its major customers, plans to push back the launch of its new Meteor Lake tGPU chipsets to the end of next year, market researcher TrendForce Corp (集邦科技) said yesterday. That means Intel has canceled almost all of the 3-nanometer capacity booked for next year, with only a small amount of wafer input remaining for engineering verification, the Taipei-based researcher said in a report. Based on Intel’s original schedule, TSMC was to start producing the new chipsets in
DATA SHOW DOWNTURN: Manufacturing in Taiwan contracted as production and demand slumped, while growth in chip exports last month eased in South Korea World chip sales growth has decelerated for six straight months in another sign that the global economy is straining under the weight of rising interest rates and mounting geopolitical risks. Semiconductor sales rose 13.3 percent in June from a year earlier, down from 18 percent in May, data from the global peak industry body showed. The slowdown is the longest since the US-China trade dispute in 2018. The three-month moving average in chip sales has correlated with the global economy’s performance in the past few decades. The latest weakness comes as concern about a worldwide recession has prompted chipmakers such as Samsung
‘NO NEED TO WORRY’: The central bank governor said foreign selling on the TAIEX is normal for this time of year and that the nation has ample forex reserves Taiwan would emerge unscathed from China’s retaliatory actions to protest US House of Representatives Speaker Nancy Pelosi’s visit to Taipei, top monetary and financial officials said yesterday. Central bank Governor Yang Chin-long (楊金龍) shrugged off unease over potential instability in the foreign exchange and stock markets after foreign portfolio funds trimmed their holdings of local shares for two straight days amid Beijing’s threats of retaliation. “There is no need to worry,” Yang said on the sidelines of an event to celebrate the first anniversary of the opening of Central American Bank for Economic Integration’s (CABEI) Taipei office and the 30th anniversary of
Italy is close to clinching a deal initially worth US$5 billion with Intel Corp to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions said yesterday. Intel’s investment in Italy is part of a wider plan announced by the US chipmaker earlier this year to invest US$88 billion in building capacity across Europe, which is striving to cut its reliance on Asian chip imports and ease a supply crunch that has curbed output in the region’s strategic auto sector. Asking not to be named due to the sensitivity of the matter, the sources said the