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.
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