Latest news with #YoungLiu
India Gazette
30-05-2025
- Business
- India Gazette
Foxconn projected sales to hit NTD 7 Trillion in 2025
ANI 30 May 2025, 11:42 GMT+10 New Delhi [India], May 30 (ANI): Taiwan's Foxconn, also known as Hon Hai Precision Industry and the world's largest electronics manufacturer, forecast revenues to reach NTD 7 trillion (approximately USD 234.5 billion), marking a nearly 3 per cent increase compared to last year. Last year, Foxconn registered a total of sales of NTD 6.8 group expects solid growth this year despite ongoing uncertainties, including U.S. tariffs, currency fluctuations, and a shifting global political and economic landscape, said Young Liu, Hon Hai Chairman, while addressing the shareholders at the Annual General Meeting (AGM), according to Focus said he was confident that the annual revenue of the company would surpass NTD 7 trillion, with a strong chance of hitting a new forward, the company sees information and communications technology (ICT), artificial intelligence (AI), and electric vehicles (EVs) as the three main focuses of the company. According to the company's chairman, Foxconn has developed nine prototypes for EVs and is expanding global partnerships through its contract design and manufacturing service (CDMS) model. Young Liu also highlighted at the AGM that the next board of directors will separate the roles of chairman and CEO. Over the next three years, the company plans to move from a rotating CEO system to appointing a permanent chief Thursday's shareholders meeting, Hon Hai completed the re-election of its board. Among those newly elected were Liu and Chang Ching-ray, a consultant at the Hon Hai Research Institute and honorary professor at National Taiwan Chiang Shang-yi, chief strategy officer at Hon Hai and chairman of its affiliate ShunSin Technology Holdings, joined the board for the first time. Christina Liu, a current board member and managing director at the Hong Kong-based Bellwether International Group, secured company noted that five out of the nine board members are independent AGM, Hon Hai shareholders approved the board's recommendation to pay a cash dividend of NTD 5.80 per share, the highest since the company's 1991 initial public offering. This marks the sixth consecutive year the payout ratio has exceeded 50 per cent. (ANI)
South China Morning Post
30-05-2025
- Automotive
- South China Morning Post
Foxconn chairman expects robust revenue growth from AI, EVs despite US tariff uncertainty
At the company's annual shareholder meeting on Thursday, chairman Young Liu outlined the three pillars driving expansion for the Apple supplier, which assembles most of the world's iPhones. The information and communication technology business would maintain steady performance while AI demand in edge computing and server applications created significant momentum, Liu said. The EV segment represents the biggest growth opportunity as product launches advance and Foxconn's customer base expands. Beyond an existing partnership with Mitsubishi Motors, negotiations with a second Japanese carmaker are nearing completion with an announcement expected soon, according to Liu. Young Liu, chairman of Foxconn, speaks during the company's annual shareholder meeting on Thursday. Photo: AFP The company was also exploring partnerships with two other carmakers, he added.
29-05-2025
- Automotive
Hon Hai to Reveal 2nd Japanese Automaker Partner
News from Japan May 29, 2025 20:06 (JST) Taipei, May 29 (Jiji Press)--Taiwanese contract electronics manufacturer Hon Hai Precision Industry Co. will shortly announce its second Japanese partner to which it will supply electric vehicles, its chairman, Young Liu, said at a shareholders meeting on Thursday. Hon Hai's first such partner is Mitsubishi Motors Corp., which plans to sell EVs supplied by Hon Hai in Australia and elsewhere from the second half of 2026. Liu also said that his company is in talks with two more Japanese automakers, but did not give further details. He has earlier said that Hon Hai has been in touch with Nissan Motor Co. and Honda Motor Co. END [Copyright The Jiji Press, Ltd.] Jiji Press
TimesLIVE
29-05-2025
- Automotive
- TimesLIVE
Foxconn to soon announce second Japanese auto partner
Taiwan's Foxconn will soon announce a second Japanese auto partner, chair Young Liu said on Thursday, as the company best known as Apple's main iPhone maker continues its diversification push. 'There are two Japanese carmakers; one has already been announced, and the other is almost ready to be,' Liu said at the company's annual shareholders meeting, without elaborating. Foxconn subsidiary Foxtron Vehicle Technologies and Japanese carmaker Mitsubishi this month signed a memorandum of understanding for the supply of an electric vehicle model. Foxconn views partnerships in Japan as a major opportunity for growing its EV business, Jun Seki, the Taiwan contract manufacturer's chief strategy officer for EVs, said at a Tokyo seminar in April. The Apple supplier's interest in working with Japanese car makers comes as it faces growing competition from Chinese brands that are aggressively making inroads in markets such as Europe, Brazil and Thailand. Mitsubishi Motors is a junior partner in the long-standing alliance of Nissan and French carmaker Renault. Foxconn has previously said it would consider taking a stake in Nissan for co-operation, as it has ambitions to diversify into EVs. Foxtron, the company's EV joint venture with Yulon, counts Yulon-owned Luxgen as its main client in Taiwan.
Business Times
29-05-2025
- Automotive
- Business Times
Foxconn to soon announce second Japanese auto partner, chairman says
[TAIPEI] Taiwan's Foxconn will soon announce a second Japanese auto partner, Chairman Young Liu said on Thursday (May 29), as the company best known as Apple's main iPhone maker continues its diversification push. 'There are two Japanese automakers; one has already been announced, and the other is almost ready to be,' Liu said at the company's annual shareholders meeting, without elaborating. Foxconn subsidiary Foxtron Vehicle Technologies and Japanese automaker Mitsubishi Motors this month signed a memorandum of understanding for the supply of an electric vehicle (EV) model. Foxconn views partnerships in Japan as a major opportunity for growing its EV business, Jun Seki, the Taiwan contract manufacturer's chief strategy officer for EVs, said at a Tokyo seminar in April. The Apple supplier's interest in working with Japanese car makers comes as they face growing competition from Chinese brands that are aggressively making inroads in markets such as Europe, Brazil and Thailand. Mitsubishi Motors is a junior partner in the long-standing alliance of Nissan Motor and French automaker Renault. Foxconn has previously said it would consider taking a stake in Nissan for cooperation, as it has ambitions to diversify into EVs. Foxtron, the company's EV joint venture with Yulon, counts Yulon-owned Luxgen as its main client in Taiwan. REUTERS
