TOKYO, Feb 08 (News On Japan) –
A senior government of Taiwan’s electronics manufacturing large, Hon Hai Precision Industry (Foxconn), reportedly visited Japan final month and met with Nissan officers, in keeping with Taiwanese media stories.
Taiwan’s Central News Agency (CNA) reported that on January twenty ninth, Jun Seki, Chief Strategy Officer (CSO) of Foxconn’s electrical automobile division, traveled to Japan to debate a possible partnership with Nissan executives.
While negotiations between Nissan and Honda on a attainable enterprise integration seem to have fallen by way of, CNA, citing sources, reported that Foxconn engaged with Nissan earlier than a ultimate resolution was reached.
According to CNA, Seki had beforehand approached Nissan final yr relating to a possible stake acquisition however was turned down. He was additionally reported to have engaged in negotiations with Renault, Nissan’s main shareholder and a number one French automaker.
Foxconn, formally generally known as Hon Hai Precision Industry Co., Ltd., was based in 1974 in Taiwan by Terry Gou as a producer of plastic parts for televisions. The firm initially targeted on producing electrical connectors earlier than increasing into the broader electronics business. Its breakthrough got here within the Eighties and Nineteen Nineties, when it secured contracts with main world know-how firms, positioning itself as a number one supplier of digital parts and meeting companies. By the early 2000s, Foxconn had established itself as a key authentic gear producer (OEM) and authentic design producer (ODM) for manufacturers like Apple, HP, Dell, and Sony.
The firm’s speedy growth was pushed by its cost-efficient, large-scale manufacturing mannequin, with manufacturing hubs in China, significantly in Shenzhen, the place its largest manufacturing unit, generally known as Foxconn City, homes a whole lot of 1000’s of staff. Foxconn grew to become Apple’s main provider, assembling iPhones, iPads, and MacBooks, which considerably contributed to its world dominance. However, the corporate has additionally confronted criticism over labor circumstances, significantly within the 2010s, when stories of harsh working environments and worker suicides led to public scrutiny and requires improved working circumstances. In response, Foxconn carried out wage will increase, employee advantages, and automation methods.
In current years, Foxconn has diversified past contract manufacturing, investing closely in electrical automobiles (EVs), synthetic intelligence, and semiconductor manufacturing. The firm has expanded its world footprint, establishing factories in India, Vietnam, the United States, and Mexico, because it seeks to cut back dependence on China amid geopolitical tensions and provide chain shifts. Foxconn’s foray into the EV sector contains partnerships with world automakers and the event of its MIH Open Platform for electrical automobiles. Despite challenges, it stays the world’s largest electronics contract producer, enjoying a pivotal position in world know-how provide chains.
Source: TBS