Hon Hai Precision Industry Co (鴻海精密) has formed a strategic partnership with the Chihuahua state government in Mexico to advance training and foster innovation technologies, the iPhone assembler said in a statement yesterday.
Under the partnership, Hon Hai, also known globally as Foxconn Technology Group (富士康科技集團), is committed to nurturing a talent pool equipped with cutting-edge skills in Chihuahua to meet demand in the booming information and communications technology and automotive industries, the company said.
Hon Hai also aims to position Chihuahua as a hub for innovation-driven manufacturing, it said.
Photo: Chiang Ying-ying, AP
The company would work with the Chihuahua government to enhance energy efficiency, explore renewable energy sources and support sustainable power solutions, it said.
The company has invested more than US$500 million in Chihuahua, while its manufacturing compound has become one of Mexico’s leading “maquiladoras,” where investors import and assemble duty-free components for export, it said.
Based on the company’s annual report, Hon Hai has had a presence in Mexico for several years through its subsidiaries, such as Hong Kong-listed FIH Mobile Ltd (富智康), which established a production site in Chihuahua in October 2006, and PCE Paragon Solutions Kft, which opened its facility in the country in January 2008.
Foxteq Holdings Inc established production lines in Chihuahua in January 2010 and FIT Hon Teng Ltd (鴻騰精密) invested in Mexico in January 2016, while Jusda International Logistics Co (準時達) built a facility in the country in January 2018 and Cloud Network Technology Kft invested US$27 million in the Latin American country in September 2021 to expand server production, the report showed.
Separately, Hon Hai yesterday reported revenue of NT$412.8 billion (US$12.94 billion) for last month, down 12.02 percent month-on-month and 8.03 percent annually.
Cumulative revenue in the first eight months totaled NT$3.65 trillion, down 5.08 percent from the same period last year, the company said, adding that revenue in the third quarter is expected to be higher than the previous quarter on the back of peak-season demand.
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has appointed Rose Castanares, executive vice president of TSMC Arizona, as president of the subsidiary, which is responsible for carrying out massive investments by the Taiwanese tech giant in the US state, the company said in a statement yesterday. Castanares will succeed Brian Harrison as president of the Arizona subsidiary on Oct. 1 after the incumbent president steps down from the position with a transfer to the Arizona CEO office to serve as an advisor to TSMC Arizona’s chairman, the statement said. According to TSMC, Harrison is scheduled to retire on Dec. 31. Castanares joined TSMC in
EUROPE ON HOLD: Among a flurry of announcements, Intel said it would postpone new factories in Germany and Poland, but remains committed to its US expansion Intel Corp chief executive officer Pat Gelsinger has landed Amazon.com Inc’s Amazon Web Services (AWS) as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker. Intel and AWS are to coinvest in a custom semiconductor for artificial intelligence computing — what is known as a fabric chip — in a “multiyear, multibillion-dollar framework,” Intel said in a statement on Monday. The work would rely on Intel’s 18A process, an advanced chipmaking technology. Intel shares rose more than 8 percent in late trading after the
FACTORY SHIFT: While Taiwan produces most of the world’s AI servers, firms are under pressure to move manufacturing amid geopolitical tensions Lenovo Group Ltd (聯想) started building artificial intelligence (AI) servers in India’s south, the latest boon for the rapidly growing country’s push to become a high-tech powerhouse. The company yesterday said it has started making the large, powerful computers in Pondicherry, southeastern India, moving beyond products such as laptops and smartphones. The Chinese company would also build out its facilities in the Bangalore region, including a research lab with a focus on AI. Lenovo’s plans mark another win for Indian Prime Minister Narendra Modi, who tries to attract more technology investment into the country. While India’s tense relationship with China has suffered setbacks