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Foxconn Technology Group
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Contract electronics manufacturer and assembler
Foxconn Technology Group
Work Here?
Contract electronics manufacturer and assembler
Overview
Foxconn Technology Group (Hon Hai Precision Industry Co., Ltd.) makes electronics parts and devices for major brands. It started in 1974 in Taiwan making plastic parts, then moved into computer component connectors and grew into a global electronics manufacturer that assembles devices for companies like Apple, Dell, and Sony, including the iPhone. How it works: Foxconn runs large-scale, highly automated manufacturing facilities that handle the design-to-production process, coordinating suppliers, assembly, and testing to produce electronics at high volume. The company differentiates itself with its massive production scale, long-standing relationships with major brands, and heavy investment in automation and process efficiency to deliver products quickly and at scale. Its goal is to be a leading global partner for electronics manufacturing, delivering large-scale production capacity and efficient operations to meet the demands of global tech brands.
About Foxconn Technology Group
Industries
Robotics & Automation
Hardware
Industrial & Manufacturing
Company Size
10,001+
Company Stage
IPO
Headquarters
China
Founded
1974
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Simplify's Take
What believers are saying
- August 2026 sales hit NT$921.77 billion, up 51.98%, driven by AI servers.
- Mount Pleasant targets 700 jobs by mid-2027 and 2,600 by 2029.
- Ceer’s early-2027 launch and five-model plan open higher-margin automotive revenue beyond Apple.
What critics are saying
- Apple still anchors consumer electronics, leaving Foxconn exposed to client bargaining and demand swings.
- Ceer deliveries start 2027; software, quality, and launch execution can damage Foxconn’s automotive credibility.
- Wisconsin’s 13,000-job promise collapsed; another missed expansion cements Foxconn as subsidy-dependent contractor.
What makes Foxconn Technology Group unique
- Foxconn’s September 2026 AI server surge shows unmatched high-volume manufacturing execution.
- Ceer’s September 21, 2026 launch pairs Foxconn with PIF and BMW engineering.
- Mount Pleasant expansion plans prove Foxconn converts idle footprint into production capacity fast.
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Funding
Total Funding
$6.6B
Above
Industry Average
Funded Over
4 Rounds
Benefits
Flexible Work Hours
Stock Price
Company News
Foxconn says it plans to add 700 jobs in Mount Pleasant by mid-2027. Foxconn's deal with the state says the company is targeting 2.6K total employees by 2029 September 23, 2026 Foxconn plans to renovate its facility in Mount Pleasant to add 700 jobs by mid-2027, according to documents filed with the local plan commission. On Wednesday, the Mount Pleasant Plan Commission unanimously recommended the Village Board approve the proposal. The plan still needs a vote from the village board, but it's part of a larger effort by the company to increase manufacturing capacity in Mount Pleasant. Foxconn has said it makes servers for artificial intelligence and has more than 1,000 employees in Racine County. The company declined to comment on the planned renovation. Understanding Wisconsin, together. WPR's "Wisconsin Today" newsletter keeps you connected to the state you love without feeling overwhelmed. No paywall. No agenda. No corporate filter. In addition to building manufacturing capacity in Wisconsin, Foxconn is also looking to expand in Texas, Ohio, California, Taiwan and Mexico. In a call with investors in August, Foxconn rotating CEO Michael Chiang said those plans were in response to growth in artificial intelligence, or AI. "We are seeing extremely strong customer demand for AI," he told investors and analysts. "We expect Foxconn's capital expenditure to continue increasing." In Racine County, the company wants to add 26 loading docks to its building on Braun Road. Milwaukee-based architecture firm EUA filed the application on behalf of the company. In a letter to the city, Chris Johns, senior project manager for EUA, said the plan was part of an effort by Foxconn to grow its operations in Mount Pleasant, where it expects to add about 700 jobs near the end of the second quarter of 2027. During the meeting, Johns said the jobs number was an estimate, but said those roles would be "new employees for production inside the facility." He said the project was part of a larger goal from Foxconn. "The facility is going to be fully utilized as it's going forward, and this is one of the first of a few steps that are going to be made to improve the building to accommodate that," he said. Last year, the Wisconsin Economic Development Corp. and Foxconn announced that the company planned to spend $569 million to expand its manufacturing operations and grow its total workforce in Racine County to more than 2,600 employees by the end of 2029. The state reworked its contract with Foxconn to support the planned expanded manufacturing operations, offering $16 million in tax credits to support the expansion. That would bring Foxconn's total state subsidy up to $96 million. Even if those new jobs come to fruition, they will still be a fraction of the 13,000 jobs the company promised when it came to Wisconsin nearly a decade ago. Foxconn's contract with the state was scaled back in 2021 from a $4 billion deal to an $80 million contract after it became clear the company's initial plans wouldn't materialize. While the state offered additional support for the company's expansion, the village didn't expect to offer tax increment financing to support the renovations, according to Samuel Schultz, community development director for the Village of Mount Pleasant. "This should not affect any of the existing tax incremental financing agreements that we have with Foxconn or that relate to the site," he said. "(It's) pretty standard. An industrial building is making improvements to its industrial operations from a zoning and planning point of view." Wisconsin Public Radio, (C) Copyright 2026, Board of Regents of the University of Wisconsin System and Wisconsin Educational Communications Board.
Saudi Arabia unveils "Tron"-style Ceer electric cars (photo). 23 September 2026, 06:38 · 63 · Auto It may come as a surprise to many, but Saudi Arabia, the world's largest oil giant, has never had its own national automotive brand until now. This historical gap has now been officially closed: Saudi Arabia's Public Investment Fund (PIF) and Taiwan's Foxconn, a global electronics industry giant, have jointly introduced a new national electric vehicle brand - Ceer. During the presentation ceremony, the company officially showcased the first two premium models under its brand to the public. These are the futuristic Exobot sedan and a luxury SUV. Reminiscent of futuristic technology from Hollywood's famous sci-fi film "Tron", these electric cars astonish with their upward-opening "gull-wing" doors and the absence of central B-pillars between the front and rear rows. CEO Jim Deluca noted that the body's high structural rigidity is maintained through innovative materials, which significantly eases access to the rear seats. Armed with a massive 48-inch display spanning the entire width of the cabin and a super-acceleration of 2.4 seconds, these vehicles are poised to shake up the global automotive market. So, can Saudi Arabia's first electric car pose serious competition to giants like Tesla and BYD, what will the prices be, and when will this technological marvel hit global markets? "48-inch screen, gull-wing doors, and a 2.4-second start": 5 key points of the Saudi electric car The most sensational aspects of the innovations presented by the Ceer brand: * First national auto brand: For the first time in history, Saudi Arabia has its own national electric vehicle manufacturer; * "Exobot" lineup - sedan and SUV: The company demonstrated two premium-category models at once - a sedan and a luxury SUV; * Fantastic design and pillarless body: The doors open upward in a "gull-wing" style, and the traditional pillars between the front and rear have been eliminated; * Supercar-level dynamics: The initial version reaches 100 km/h in just 2.4 seconds, while a 112 kWh battery provides a range of up to 600 km on a single charge; * To go on sale in 2027: Initially, the cars will be sold exclusively in the kingdom's domestic market, followed by worldwide export. Saudi Arabia's first electric vehicle: Ceer Exobot technical specifications Comparison of the announced technical and technological features of the new electric cars: | Indicators and parameters | Ceer Exobot (Sedan) | Ceer Exobot (SUV) | | Class and category | Premium business sedan | Premium luxury SUV | | Battery capacity | 112 kWh | 112 kWh | | Driving range per charge | At least 600 km | Over 500 km | | Acceleration (0-100 km/h) | Up to 2.4 seconds (supercar level) | High-dynamic start | | Charging speed | Fast charging up to 80 percent in 30 minutes | Fast charging up to 80 percent in 30 minutes | | Cabin screens | 48-inch screen across the entire dashboard + 8-inch rear display | 48-inch dashboard + rear passenger screen | | Door construction | Upward-opening "gull-wing", pillarless | Upward-opening "gull-wing", pillarless | | Start of sales | 2027 (Saudi market, then global export) | 2027 (Saudi market, then global export) | Expertise in automotive industry and economic strategy: Why is this a historic milestone for Saudi Arabia? Conclusions of international automotive engineers and economic analysts: * Triumph of the "Vision 2030" program: The Ceer brand was created as part of the strategy led by Saudi Crown Prince Mohammed bin Salman to free the country from oil dependency; transforming the oil-exporting nation into a hub of advanced green technologies is the core link of the strategic plan; * Synergy of Foxconn and Apple technologies: The alliance with Foxconn, the manufacturer of Apple products, guarantees that the software, circuit boards, and microchips of Ceer electric vehicles will be of world-class quality; * Pillarless body revolution: In the automotive industry, removing the metal pillar between the front and rear seats was thought to compromise body safety; Ceer engineering used ultra-strong alloys to not only ensure safety but also create revolutionary convenience for entering and exiting the cabin; * 5 new models by 2030: The manufacturer does not intend to stop at the Exobot; by 2030, five new models, including popular hybrids, will be added to the brand's lineup, which could turn Ceer into the largest auto conglomerate in the Middle East. Saudi Arabia's launch of its own electric vehicle industry demonstrates that the balance of power in the global transport market is undergoing a fundamental shift. In your opinion, can the Ceer Exobot electric vehicle created by Saudi Arabia in partnership with Foxconn win the market competition against models from Tesla, Lucid, or China's BYD? What do you think the demand would be like if this futuristic car with "gull-wing" doors and a 48-inch display were to enter the markets of Uzbekistan? Leave your personal thoughts in the comments and share this sensational analytical article dedicated to the future auto industry with all car enthusiasts!
Foxconn Technology Group and Chinese automotive engineering firm IAT have launched Beijing Foxtecon Intelligent Robot Technology Co Ltd. The joint venture will help robot developers transition from R&D to mass production. At launch, Foxtecon signed cooperation agreements with Yingzhi Technology, Songyan Power, Shanghai Kepler, and RoboParty. The venture will provide a platform covering R&D, production, training, sales, and investment. The initiative expands Foxconn's robotics efforts, which include exploring humanoid robot deployment at its Houston server factory. The venture joins Beijing E-Town's robotics cluster, which comprises over 300 companies with an industrial chain valued at more than CNY 20 billion. The district offers subsidies to robot buyers to boost adoption.
Foxconn to add 700 employees in Mount Pleasant by mid-2027. Sep 22, 2026 2:05 pm Subscribe to BizTimes Daily - Local news about the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin. Taiwan-based electronics manufacturer Foxconn is planning alterations to one of its buildings in Mount Pleasant and plans to add 700 jobs at the facility by end of the second quarter of 2027, according to plans submitted to the village. The changes are planned for the 871,936-square-foot building at 12001 Braun Road, called the 868 FAB To continue reading this article... Logged in and still seeing this? Click here
Saudi Arabia's Ceer unveils first EVs, betting $5 billion factory can outrun Tesla at home. "Ceer Motors, the PIF-Foxconn joint venture, revealed its EXOBOT sedan and a second EV this week, the opening salvo in a seven-model plan backed by BMW licenses and a $5 billion factory. The kingdom now has three serious EV players fighting for the same driveway." Devon Vance Key Takeaways * - Ceer Motors unveiled its first two EVs (EXOBOT sedan + one unnamed) with five more coming by 2030, all built at a new $5 billion factory in King Abdullah Economic City. * - The PIF-Foxconn joint venture holds BMW platform licenses and partners with Dürr, Schuler, Siemens, and ABB, a Tier 1 supplier stack from day one. * - CEO Jim DeLuca previously launched VinFast as its first CEO, giving Ceer rare startup-to-scale execution experience in the EV space. * - Saudi Arabia now has three serious EV players: Tesla (new entrant), Lucid (PIF-backed, already manufacturing), and Ceer (domestic champion with export ambition). * - BNEF identifies Ceer, VinFast (Vietnam), and Togg (Türkiye) as the new wave of state-backed 'domestic champion' EV makers reshaping global supply chains. Saudi Arabia's newest automaker just showed its cards. Ceer Motors, the joint venture between the Public Investment Fund and Foxconn, unveiled its first two production EVs on Monday, the EXOBOT sedan and a still-unnamed second model, kicking off a seven-vehicle rollout planned through 2030. The launch ceremony at the King Abdullah Economic City complex wasn't just a product reveal. It was a statement: the kingdom intends to build, not just buy, its electric future. Timing is deliberate. Tesla only entered the Saudi market last year, betting the country's new electrification policy would open a lucrative lane. Lucid, majority-owned by PIF, already builds the Air and Gravity at its Jeddah factory. Now Ceer arrives with BMW platform licenses, a $5 billion manufacturing campus that broke ground in 2024, and a CEO who launched VinFast from zero to US market entry in three years. The driveway just got crowded. The domestic champion playbook. Ceer isn't trying to be a niche player. PIF's 2022 mandate was explicit: create a "sustainable industrial base" contributing $8 billion to GDP by 2034, transfer knowledge, and generate jobs. That's the domestic champion model, state-backed, export-oriented, vertically integrated. VinFast did it for Vietnam. Togg is doing it for Türkiye, targeting €50 billion in GDP contribution over 15 years. Ceer is Saudi Arabia's version, and the resource commitment is staggering. The King Abdullah Economic City complex includes every manufacturing stage plus logistics, waste management, water treatment, and a private test track. Partners read like a Tier 1 supplier directory: Dürr for paint, Schuler for stamping, Siemens for automation, ABB for robotics. BMW provides the platform licenses. Foxconn brings contract manufacturing discipline. DeLuca brings the startup-to-scale playbook he wrote at VinFast. Why the VinFast connection matters. Jim DeLuca didn't just work at VinFast, he was its first CEO, hired in 2017 when the Vietnamese conglomerate Vingroup decided the country needed its own car company. VinFast's first vehicles weren't even EVs. they were ICE models on BMW platforms. The pivot to electric came fast, and DeLuca oversaw the US market entry push before moving to Ceer in 2025. The parallel is impossible to miss: state-backed startup, BMW tech transfer, aggressive timeline, export ambition. The difference? Saudi Arabia has deeper pockets and a clearer energy transition mandate. Vision 2030 isn't a slogan, it's a budget line item. PIF's $5 billion factory commitment dwarfs VinFast's initial Haiphong plant investment. And the kingdom's GCC neighbors represent a ready-made export corridor of 50 million high-income consumers with zero domestic auto production. The competition isn't waiting. Tesla's Saudi entry last year was supposed to be a beachhead. Instead, it walked into a three-way fight. Lucid's Jeddah factory (AMP-2) has been operational since 2023, producing the Air sedan and Gravity SUV with PIF owning roughly 60%. Ceer now adds volume ambition, seven models in five years implies 100,000+ annual capacity at the new complex. That's not a compliance car program. That's a market share play. For Saudi buyers, the choice suddenly looks interesting. Lucid occupies the ultra-luxury tier. Tesla brings brand cachet and Supercharger density. Ceer promises "aspirational" EVs designed for the region, right-hand drive, Gulf-spec cooling, Arabic-first interfaces, built 50 miles from Jeddah. The EXOBOT's styling has drawn praise for avoiding the "generic EV blob" look, but the real test is whether Ceer can execute on fit, finish, and software at scale. VinFast's early US reviews were brutal on build quality. DeLuca knows the stakes. Regional ripple effects. BNEF's Colin McKerracher framed this at NYC Climate Week: domestic champions are reshaping global EV supply chains. Togg's Turkish factory exports to Europe. VinFast ships to North America. Ceer targets the GCC, North Africa, and eventually Europe. Each reduces reliance on Chinese and Western incumbents while building local engineering workforces. The Saudi complex alone will train thousands in battery assembly, power electronics, and vehicle software, skills that don't exist in the region today. There's a geopolitical angle too. The US Inflation Reduction Act favors North American production. EU tariffs target Chinese imports. A Saudi-made EV with BMW DNA and Foxconn manufacturing discipline could thread the needle: compliant with Western content rules, cost-competitive with Chinese rivals, and politically palatable to Gulf buyers. That's a narrow needle, but Ceer's partner list suggests they're threading it deliberately. What this means for the global EV map. The kingdom's bet is that 2030 EV adoption won't be driven by California or Norway alone. McKerracher's "wild cards", fuel crises, robotaxi fleets (almost all electric), EREV adoption, accelerate demand in unexpected places. Saudi Arabia's gasoline is still cheap, but the government wants domestic electricity consumption to shift from oil-fired plants to renewables. Every EV sold locally frees up a barrel of oil for export. The math works even at $70 crude. For developers and engineers watching the space, Ceer represents something rare: a greenfield EV platform with no legacy ICE baggage, BMW's Gen 6 electronics architecture, and a mandate to build the software stack in-house. The job postings in Riyadh and Jeddah for embedded engineers, battery management systems, and vehicle OS developers have tripled since 2024. This is where the next generation of automotive software talent in the Middle East will cut their teeth. The EXOBOT specs remain thin, no range, pricing, or charging figures released yet. But the structural pieces are in place: factory, partners, capital, talent pipeline, and a protected home market. Whether that translates into a competitive product is the only question that matters now. DeLuca has three years to prove he can do it twice. Frequently asked questions. When will Ceer's first EVs be available for purchase? Ceer hasn't announced a specific on-sale date. The EXOBOT sedan and second model were unveiled September 21, 2026, with the King Abdullah Economic City factory still under construction (ground broken 2024). First deliveries likely 2027-2028 based on typical automotive launch timelines. What BMW technology is Ceer using? Ceer holds licensing agreements with BMW for vehicle platforms, though the specific generation hasn't been disclosed. Given BMW's current Gen 6 architecture (Neue Klasse) launching 2025-2026, Ceer likely has access to that EV-native platform rather than older CLAR or UKL derivatives. How does Ceer differ from Lucid in Saudi Arabia's EV strategy? Lucid is a US-founded luxury brand (Air starts ~$70k) with PIF as majority shareholder, manufacturing at AMP-2 in Jeddah since 2023. Ceer is a Saudi-incorporated joint venture (PIF + Foxconn) targeting volume segments with seven models by 2030, built at a dedicated $5 billion complex designed for 100k+ annual capacity and regional export. Discussion (0). You must be signed in to post a comment. No comments yet. Start the conversation!
Foxconn Technology Group is Hiring for 38 Jobs on Simplify!
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About Foxconn Technology Group
Industries
Robotics & Automation
Hardware
Industrial & Manufacturing
Company Size
10,001+
Company Stage
IPO
Headquarters
China
Founded
1974
Foxconn Technology Group is Hiring for 38 Jobs on Simplify!
Find jobs on Simplify and start your career today