Hon Hai Precision Industry Co Ltd logo

Hon Hai Precision Industry Co Ltd - DR

NEW
OTCPK:HNHPF (Taiwan)   DR
$ 11.6 +0.60 (+5.45%) 03:59 PM EST
15.41
P/B:
1.45
Market Cap:
$ 80.56B
Enterprise V:
$ 77.80B
Volume:
175.01K
Avg Vol (2M):
41.90K
Trade In:
Volume:
175.01K
Avg Vol (2M):
41.90K

Business Description

Description
Hon Hai Precision is the world's largest contract manufacturer of consumer electronics, communications, and computer products. It is the biggest supplier to Apple, whose business accounted for around 54% of overall revenue in 2023. Hon Hai is also involved in the production of upstream components such as electronic connectors, semiconductor packaging, and metal casings for smartphones, as well as producing servers. These upstream activities are mainly conducted through its listed majority-owned subsidiaries Foxconn Industrial Internet and FIH Mobile. In response to its traditional end markets of computers, smartphones, and telecom equipment maturing in 2019 it started on a strategy to develop expertise in three new growth areas—electric vehicles, digital health, and robotics.