Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, plans to add 20 “lighthouse” factories this year to expand into smart manufacturing.
In a virtual SEMICON Taiwan forum on Friday, Hon Hai chief information officer Michael Kung (龔培元) said that lighthouse factories have become a leading indicator of smart manufacturing.
These production facilities are considered “lighthouses” for demonstrating that advanced technologies, such as artificial intelligence and Internet of Things applications, can be used in manufacturing at scale.
Kung said that Hon Hai, also known as Foxconn Technology Group (富士康科技集團) outside of Taiwan, has intensified its efforts to transform itself through smart manufacturing, adding that the company would add 20 new lighthouse factories this year, after the World Economic Forum (WEF) last year recognized 11 Hon Hai plants with the designation.
The 11 production sites are in China’s Shenzhen and Chengdu, Kung said.
This year, the company would push for the WEF to recognize plants in China’s Wuhan and Zhengzhou as lighthouse factories, he said.
Hon Hai owns a broad production network in China with a workforce of more than 1 million workers, and Shenzhen and Chengdu have become Hon Hai’s hubs to roll out iPhones and other devices for Apple Inc.
In addition to plants in China, Hon Hai has listed sites in Taiwan and Vietnam as potential lighthouse factories, Kung said.
In Taiwan, Hon Hai is assisting a subsidiary to file an application with the WEF to include a plant on the global lighthouse list, he added.
Upgrading production sites into recognized lighthouse factories has improved efficiency, lowered inventories and reduced labor costs, Kung said.
Hon Hai has provided its subsidiaries a standardized production management platform and the necessary technologies to upgrade their plants into lighthouse factories, he said.
Hon Hai vice chairman Jay Lee (李傑) has said that COVID-19 has affected global supply chains with labor shortages and disruptions in component supplies, but emerging technologies used by lighthouse factories such as artificial intelligence, Internet of Things, smart systems and digital systems could help mitigate the problems.
In Italy’s storied gold-making hubs, jewelers are reworking their designs to trim gold content as they race to blunt the effect of record prices and appeal to shoppers watching their budgets. Gold prices hit a record high on Thursday, surging near US$5,600 an ounce, more than double a year ago as geopolitical concerns and jitters over trade pushed investors toward the safe-haven asset. The rally is putting undue pressure on small artisans as they face mounting demands from customers, including international brands, to produce cheaper items, from signature pieces to wedding rings, according to interviews with four independent jewelers in Italy’s main
Japanese Prime Minister Sanae Takaichi has talked up the benefits of a weaker yen in a campaign speech, adopting a tone at odds with her finance ministry, which has refused to rule out any options to counter excessive foreign exchange volatility. Takaichi later softened her stance, saying she did not have a preference for the yen’s direction. “People say the weak yen is bad right now, but for export industries, it’s a major opportunity,” Takaichi said on Saturday at a rally for Liberal Democratic Party candidate Daishiro Yamagiwa in Kanagawa Prefecture ahead of a snap election on Sunday. “Whether it’s selling food or
CONCERNS: Tech companies investing in AI businesses that purchase their products have raised questions among investors that they are artificially propping up demand Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday said that the company would be participating in OpenAI’s latest funding round, describing it as potentially “the largest investment we’ve ever made.” “We will invest a great deal of money,” Huang told reporters while visiting Taipei. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.” Huang did not say exactly how much Nvidia might contribute, but described the investment as “huge.” “Let Sam announce how much he’s going to raise — it’s for him to decide,” Huang said, referring to OpenAI
The global server market is expected to grow 12.8 percent annually this year, with artificial intelligence (AI) servers projected to account for 16.5 percent, driven by continued investment in AI infrastructure by major cloud service providers (CSPs), market researcher TrendForce Corp (集邦科技) said yesterday. Global AI server shipments this year are expected to increase 28 percent year-on-year to more than 2.7 million units, driven by sustained demand from CSPs and government sovereign cloud projects, TrendForce analyst Frank Kung (龔明德) told the Taipei Times. Demand for GPU-based AI servers, including Nvidia Corp’s GB and Vera Rubin rack systems, is expected to remain high,