Imec invites the global automotive ecosystem to join its effort to mutually explore the opportunities presented by chiplet technology LEUVEN (Belgium), October 10, 2024 — Today, at an exclusive gathering in Detroit, bringing together the global automotive ecosystem to discuss the evolution towards chiplets in cars (Automotive Chiplet Forum 2024), imec announced that Arm, ASE, BMW Group, Bosch, Cadence Design Systems, Inc., Siemens, SiliconAuto, Synopsys, Tenstorrent and Valeo are the first that have committed to join its Automotive Chiplet Program (ACP). The program brings together stakeholders from across the automotive ecosystem in a pre-competitive research effort unparalleled in the car manufacturing industry. The program’s goal is to evaluate which chiplet architectures and packaging technologies are best suited to support car manufacturers' specific high-performance computing and strict safety requirements, while striving to extend the benefits of chiplet technology – such as increased flexibility, improved performance and cost savings – to the entire automotive industry.  Car makers have been integrating chip technology into their vehicles since the late 1970s. Lately, however, traditional chip architectures have struggled to meet the requirements of ever more demanding automotive solutions, such as advanced driver assistance systems (ADAS) and immersive in-vehicle infotainment (IVI) services. Enter chiplets – i.e., modular chips that are specifically designed to perform specialized functions efficiently and can be seamlessly combined to create more sophisticated compute systems. “The adoption of chiplet technology would signal a disruptive shift in central vehicle computer design, offering distinct advantages over traditional monolithic approaches. Chiplets facilitate rapid customization and upgrades, while reducing development time and costs,” explained Bart Placklé, vice-president of automotive technologies at imec. “However, moving to a chiplet architecture is prohibitively expensive for OEMs if done in isolation. Commercial viability thus hinges on industry alignment around a set of chiplet standards, enabling car manufacturers to procure chiplets from the market and integrate them with proprietary chiplets to build unique offerings.” In search of a chiplet architecture that combines performance, energy efficiency, robustness, cost effectiveness and customization Companies developing supercomputing, data center and smartphone solutions have long explored the benefits of chiplet technology to meet their rapidly increasing computing needs. But the automotive industry has been somewhat more reluctant to embrace the chiplet paradigm due to the unique challenges they face. First, automotive solutions must meet strict robustness and reliability requirements, ensuring continuous operation and passenger safety over a car's typical lifespan of ten to fifteen years. Moreover, cost is another crucial factor to consider. And, finally, superior performance and exceptional energy efficiency are critical to preserving a car's battery life. These are some of the urgent issues imec's Automotive Chiplet Program will address.  A pre-competitive, collaborative research effort unparalleled in the automotive industry Imec’s Automotive Chiplet Program leverages imec’s world-leading track record in advanced 2.5D and 3D packaging with resources and expertise from different parts of the automotive value chain. Bart Placklé: “The agility of chiplets will allow the automotive ecosystem to respond quickly to changing market demands and technological breakthroughs. They also facilitate flexible component integration, limiting the risk of vendor lock-in and improving supply chain resilience. In addition, their optimized performance leads to lower power requirements, enabling compact device design.” “We are convinced that all stakeholders will gain important insights from the program’s pre-competitive, collaborative approach – leveraging the partners’ collective wisdom and means to make rapid progress.  The valuable precompetitive learnings from the program can be instantiated in further R&D and product innovation to accelerate the partners’ own differentiating, long-term roadmaps. In fact, this methodology mirrors the successful practices established in the semiconductor industry over the past four decades. With 40 years of experience in designing, building, and optimizing chip architectures and technologies, and without allegiance to any stakeholder in the automotive ecosystem, imec is uniquely positioned to guide the car manufacturing industry towards the development of a groundbreaking new chiplet architecture tailored to the sector’s specific needs,” he concluded.   About imec Imec is a world-leading research and innovation center in nanoelectronics and digital technologies. Imec leverages its state-of-the-art R&D infrastructure and its team of more than 5,500 employees and top researchers, for R&D in advanced semiconductor and system scaling, silicon photonics, artificial intelligence, beyond 5G communications and sensing technologies, and in application domains such as health and life sciences, mobility, industry 4.0, agrofood, smart cities, sustainable energy, education, … Imec unites world-industry leaders across the semiconductor value chain, Flanders-based and international tech, pharma, medical and ICT companies, start-ups, and academia and knowledge centers. Imec is headquartered in Leuven (Belgium), and has research sites across Belgium, in the Netherlands and the USA, and representation in 3 continents. In 2023, imec's revenue (P&L) totaled 941 million euro. Further information on imec can be found at www.imec-int.com.   Imec is a registered trademark for the activities of imec International (IMEC International, a legal entity set up under Belgian law as a “stichting van openbaar nut”), imec Belgium (IMEC vzw supported by the Flemish Government), imec the Netherlands (Stichting IMEC Nederland supported by the Dutch Government),  imec Taiwan (IMEC Taiwan Co.), imec China (IMEC Microelectronics (Shanghai) Co. Ltd.), imec India (IMEC India Private Limited), imec San Francisco (IMEC Inc.) and imec Florida (IMEC USA Nanoelectronics Design Center Inc.).

Strong partnerships evident in Foxconn’s 3 smart platforms, clean energy, space 8 October 2024, Taipei, Taiwan – Artificial intelligence was a running theme through Hon Hai Tech Day 2024 on Tuesday as Hon Hai Technology Group (“Foxconn”) (TWSE: 2317) opened its fifth annual flagship technology conference that displayed the first mass-production-ready NVIDIA GB200 NVL72 platform and took to the stage with a slate of partners to demonstrate the space and clean energy ambitions of the world’s largest manufacturing service provider. Foxconn’s three intelligent platforms – smart manufacturing, smart EV, smart city – received prominent play as keynote speakers in the first day of HHTD24 ranged from leaders such as NVIDIA, Siemens, Bill Gates-backed Breakthrough Energy, GE Vernova from what was formerly General Electric, and one of Europe’s largest space companies, Thales Alenia Space. At the same time, two new reference designs of electric vehicles were unveiled, extending the range of EV models launched since 2021 to a lifestyle multipurpose utility vehicle (LMUV) and a midi electric bus. “A.I. has accelerated our imagination,” said Foxconn Chairman Young Liu to a packed conference of over 2,000 guests, a record. “This acceleration is coming as Foxconn is transforming. We are re-defining ourselves with our three smart platforms. A.I. is driving our transformation, not for the sake of A.I., but because it makes business sense for Foxconn.” Deepu Talla, Vice President of Robotics and Edge Computing for NVIDIA, and Benjamin Ting, Senior Vice President for Cloud Enterprise Solutions Business Group at Foxconn, spoke the companies’ strong partnership in AI. With NVIDIA, Foxconn is not only applying Omniverse and AI to enhance its own factories of the future, but also manufacturing energy-efficient AI systems for its customers, including the world’s fastest AI server and rack systems featuring NVIDIA Blackwell.   The Kaohsiung Super Computing Center was a particular spotlight. Both partners also elaborated on Foxconn’s build out of the world’s largest AI server factory being constructed in Mexico, at more than 400 meters in size, for key customers. Software, robotics and automation are the genesis of factories of the future, while clean energy means collaborating with like-minded partners to pioneer new technologies, be it in ecosystems for electric vehicles or in energy storage systems (ESS). The on-stage conversations and keynotes also pointed to Foxconn’s collaborations to industrialize space to enhance connectivity on the ground. Partners who shared insights for the morning session also included Intrinsic, part of Google-parent Alphabet; consulting leader BCG; US battery technology firm Our Next Energy; and renowned Italian design house Pininfarina. The debut of the MODEL D, as a LMUV, combines the advantages found in SUV and MPV segments. Its styling design was jointly developed with Pininfarina, infusing a sense of harmony to the family of electric vehicles that have been a collaborative work of the Italian and Taiwanese bellwethers. The MODEL U is universal and intelligent in midi size mobility. The sleek reference design of the midi electric bus continues the innovative design language of the award-winning MODEL T full-sized e-bus launched by Foxconn in 2021. The MODEL U’s internal space can be configured according to needs and with its advanced electronic control system and ADAS system, make the driving experience safer and more comfortable. The latest models, including the first variant for the MODEL C tailored for the North American market, highlight the range and maturity of Foxconn’s contract design and manufacturing service (CDMS) business model for automotive B2B customers. The second day of Hon Hai Tech Day, opening to the general public for the first time, is expected to receive more than 8,000 visitors. For more on Hon Hai Tech Day 2024 here. About Foxconn here.

Deepens collaboration, drives intelligent ecosystems 4 June 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced that it plans to build an advanced computing center in Kaohsiung, Taiwan, with the NVIDIA Blackwell platform at its core, as the CEOs of the two technology bellwethers reaffirmed their strong partnership at COMPUTEX 2024. The latest collaboration between Foxconn and NVIDIA signals a deepening commitment by the world’s largest electronics manufacturing service provider and market leader in making AI servers, alongside its world-class partner, to drive intelligent ecosystems covering AI, electric vehicles, smart factories, robotics, smart cities and other fields. NVIDIA founder and CEO Jensen Huang and Foxconn Chairman and CEO Young Liu caught up with each other on the exhibition floor of COMPUTEX, getting a comprehensive tour about their cooperation at the booth set up by Ingrasys, the Foxconn subsidiary that has been at the manufacturing epicenter of NVIDIA’s GB200 NVL72, MGX, HGX and other innovative products. Following the tour, Huang noted that NVIDIA and Foxconn have worked closely together on various product development, and the proof of the cooperation is clear, especially with the Blackwell product line-up; Foxconn has excellent vertical integration capabilities and is a vital partner for the GB200. On the spot, Chairman Liu announced that Foxconn will join hands with NVIDIA to build an advanced computing center in Kaohsiung with the NVIDIA Blackwell platform at its core. The cutting-edge computing center, anchored by the superchip GB200 servers, consists of a total of 64 racks and 4,608 GPUs, is slated for completion by 2026. NVIDIA’s powerful AI technology will drive Foxconn’s three smart platforms: Smart Manufacturing. Smart EV. Smart City. Both companies will continue to deepen cooperation in AI, electric vehicles, smart factories, robots, smart cities and other fields, and demonstrate the strong competitiveness brought by AI through Foxconn’s huge manufacturing scale. Huang said, “A new era of computing has dawned, fueled by surging global demand for generative AI data centers. Foxconn stands at the forefront as a leading supplier of NVIDIA computing and a trailblazer in the application of generative AI in manufacturing and robotics. Leveraging NVIDIA Omniverse and Isaac robotics platforms, Foxconn is harnessing cutting-edge AI and digital twin technologies to construct their advanced computing center in Kaohsiung.” The two companies will utilize NVIDIA Omniverse and create digital twins to introduce platforms for smart manufacturing, smart electric vehicles, and smart cities. For smart manufacturing platforms, image recognition technology, combined with the Group's autonomous mobile robots (AMR), will lead to changes for optimal capacity utilization. The production line planning will encompass existing manufacturing of AI servers and EV assembly plants. Toward that goal, the new Qiaotou automotive manufacturing facilities of Foxtron, a Foxconn subsidiary, will become one of the Group's benchmark AI factories. Currently under construction, the site will utilize digital twin connected to cloud technologies and achieve collaboration between virtual and physical production lines. Digital real-time monitoring will ensure the manufacturing excellence of an award-winning electric bus, which is currently seeing orders outpacing output capacity.  Going forward, the two companies’ collaborative effort in EV ADAS platform will be applied to future EV models designed by Foxconn. Presently, Foxconn is negotiating projects with traditional European and American automakers. Moreover, based on NVIDIA's new generation of chips, Foxconn and NVIDIA jointly plan a "cabin-driving-in-one" smart travel solution, creating a third living space. Centering on the smart city platform being created in Kaohsiung, the two companies will also work with ecosystem partners to make generative AI applications a reality. This plan is in addition to the advanced computing center to be jointly built by Foxconn and NVIDIA. Currently, the Group has supported the Kaohsiung City Government in introducing smart public transportation management. In the future, efforts will introduce generative AI technology in the fields of digital governance and medical health to benefit local residents, government, enterprises and visiting tourists.

Special exhibition for 50th anniversary displays strengths in AI servers, 3 smart platforms 31 May 2024, New Taipei City, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today, at its annual shareholders’ meeting, approved its distributable earnings plan totaling NT$74.86 billion in cash. The cash dividend of NT$5.40 per share for 2023 sets a new high since Foxconn listed in 1991, with the cash dividend payout ratio exceeding 50% for the fifth consecutive year.  In addition to voting for the 2023 annual business report and financial statements, shareholders also approved the 2023 employees’ remuneration distribution plan or an issuance of NT$8.26 billion in cash remuneration to employees. This year marks the 50th anniversary of Foxconn’s founding. When the company went public in 1991, its revenue was less than NT$10 billion. It has since grown to more than NT$6 trillion and is now the 27th largest company in the world in terms of revenue. Presiding over the annual shareholders’ meeting, Foxconn Chairman Young Liu began by especially thanking the shareholders in attendance online and onsite at the company’s headquarters in New Taipei City. He took shareholders through the company's operating results over the past year and shared Foxconn’s future development plans, covering 10 major themes in detail.  Chairman Liu said high inflation and high interest rates in the post-pandemic era have dampened end-market demand and investment willingness of enterprises. For Foxconn, it is both a challenge and an opportunity. Supported by the collective efforts of the Group’s employees, Foxconn was able to tap into its long-established advantages and achieve a revenue of NT$6.16 trillion, the second-highest recorded annually. At the same time, EPS reached NT$10.25, a 16-year high. All three profit metrics gained on a gross, operating and net basis. The results show that while the company is pursuing EPS maximization, it also continues to optimize its product mix and continuously improve gross profit margins. Looking forward to the future, Foxconn will transform from a manufacturing services provider into a platform solutions provider, focusing on the development of three major platforms: Smart Manufacturing, Smart EV, and Smart City. Utilizing the experience and technical capabilities of components, modules, system assembly, IC and software accumulated by Foxconn over decades, and with the help of the generative AI factory, the Group will develop various solutions required for the three platforms. Foxconn will also work with NVIDIA to develop the next generation of AI and robotic production systems. Chairman Liu said the AI industry is still in the initial stage of rapid growth. Some research institutions predict that the AI industry will exceed US$1 trillion within the next seven to eight years, with hardware accounting for more than half of that scale. This area will also be one of the main driving forces for Foxconn's future growth. The company's AI server revenue will grow by more than 40% this year, and its share of overall server revenue will also reach more than 40%. As demand for AI grows, AI servers will soon become Foxconn’s next trillion-dollar revenue product. In terms of EV development, from 2022 the production of electric buses and electric traction motors started, and this year the MODEL C passenger EV entered mass production in Taiwan. Shipments in the first four months have surpassed 2,000 units and are expected to exceed 10,000 units for the year with a revenue target of more than NT$10 billion. In the fourth quarter of this year, preparations will be complete for mass production of another passenger EV, the sporty crossover MODEL B; pre-orders will begin in 2025. In EV software, Foxconn has obtained ISO 26262, the international standard for functional safety of automotive electrical and/or electronic systems, affirming the quality and safety of the software. Under BOL, Foxconn’s innovative business model to build, operate and localize with local partners, customers are offered EV software service, and the goal of software-defined vehicles is achieved. Foxconn’s Kaohsiung Software R&D Center was opened last year. Going forward, it will accelerate the development of Taiwan’s software industry based on the three major smart platforms. The 5th annual Hon Hai Tech Day (HHTD24) was also officially announced at the shareholders' meeting. In addition to expanding the event into two days, exhibitions of the three smart platforms and AI, along with electric vehicle models and other key products will be showcased and refreshed for the senses. HHTD24, set for October 8-9 this year, will open to the general public for the first time on day two, so that friends who are interested can experience it in person and learn about the Group’s latest technological developments. As one of the series of events marking Foxconn’s half centennial, this year's shareholders' meeting held a special exhibition on the first floor of the company’s global headquarters, displaying five electric vehicles including MODEL C, MODEL B, MODEL E, MODEL V and MODEL N. The MODEL T electric buses, designed and manufactured by the Group, provided transportation for shareholders, while a "50-year Time Corridor" from the entryway allowed shareholders to see and understand the company’s growth history. Foxconn displayed the latest generation of AI servers and liquid-cooling racks jointly developed with customers to help accelerate generative AI computing during NVIDIA's annual GTC show in March. The much sought-after AI servers, on display at that time, were specially reconstructed again with detailed audio and video animation to give shareholders a closer look. Also set up in the special exhibition for shareholders, Factory GPT was displayed for the first time, giving shareholders a look at various applications of generative AI in the factory environment. In the Smart Tourism exhibition area, shareholders could try out City Glass AR glasses to experience futuristic travel. A range of digital health devices were also on display, demonstrating the Group's efforts to develop a new ecosystem for telemedicine. Foxconn displayed the original 1:1 scale model of the low-Earth-orbit satellite, which was launched last November. This gave shareholders a close-up, life-size view of the “PEARL” that is orbiting space. A new wave of shopping promotions and discounts for Foxconn shareholders officially launched at the annual general meeting. Enthusiastically welcomed every year, this year six of the Group’s affiliates, ShunSin Technology Holdings Ltd, Healthconn Corp, Ennoconn Corp, ESON Precision Engineering Co Ltd, Foxsemicon Integrated Technology Inc and General Interface Solutions Holding Ltd (GIS) were invited to take participate, expanding the beneficiaries. In total, participating vendors include 37 shops, more than 1,200 physical stores, covering all aspects from cuisine, apparel, accommodation and transportation to education and entertainment. Through these different ways, the Group shows its appreciation and serves shareholders who have long supported Foxconn. Official YouTube channel of the annual shareholders’ meeting can be found here: https://www.youtube.com/watch?v=uWI0EqAIh7s 

Visibility better vs start of year due to strong AI server demand 1Q24 net profit up 72% on year; AI server growth up nearly 200% on-year 2Q24 expected to show significant growth QoQ, YoY Full year 2024 outlook for significant growth unchanged Japan has become important market for Group’s electric vehicle CDMS 14 May 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced its first quarter 2024 financial results. In the January-March quarter revenue hit NT$1.324 trillion, with key profit margins all improving. Earnings per share for the first three months of 2024 reached NT$1.59. Looking ahead at the second quarter, despite its traditional off-peak season and with the exception of smart consumer electronics, the other three major product segments should experience strong growth, reflecting the Group’s leading edge in the ICT industry and capabilities to attract new business. There will be significant growth quarter-on-quarter and year-on-year in the second quarter; the magnitude will be better than the average level of the past three years. Due to strong demand for AI servers, the company sees visibility for the full year is better than at the beginning of the year. In the first quarter of 2024, revenue reached NT$1.324 trillion, down 9% on year. For the same period, gross profit at NT$83.7 billion, was off 5% on year; operating profit at NT$36.8 billion, declined 9% on year; however, net profit (attributable to the owners of the parent company) at NT$22 billion, rose 72% on year. Gross profit margin, operating profit margin and net profit margin all improved, standing at 6.32%, 2.78%, and 1.66% respectively, compared with 6.04%, 2.77%, and 0.88% in the same period last year; EPS for the first three months of this year reached NT$1.59, compared with NT$0.93 a year ago, an increase of NT$0.66. During the last investor conference in March, Hon Hai raised its full-year 2024 outlook from neutral to significant growth. The outlook remains unchanged, but full-year visibility is now better than in March, primarily due to strong demand for AI servers. The existing ICT market size is nearly US$1 trillion, while some research institutions predict the AI industry will exceed US$1 trillion within seven to eight years, with hardware accounting for more than half of that scale. This is the sweet spot for Taiwanese manufacturers, particularly for Hon Hai. In coming years the emerging AI industry can contribute greatly to the Group and drive a significant increase in revenue and the proportion of Hon Hai's cloud and networking products. Responding to continued increase in demand for AI servers, Hon Hai’s revenue from AI servers in the first quarter grew nearly 200% compared with the same period last year and is expected to improve with each quarter; at the same time, general server demand also continues to rebound, leading to strong growth in overall servers. Demand for networking products has also begun to rebound. Regarding Hon Hai’s vertical integration advantages in the AI server industry, Hon Hai is pretty much the only one who can provide every key component from modules, baseboards, servers, high-performance switches, liquid cooling systems to complete racks and data centers. The key to our technology excellence is our in-house R&D for those components. Also, the Group’s deployment of comprehensive server production bases around the world not only meets customers’ stringent requirement for localization, but also heightens Hon Hai’s manufacturing capabilities due to higher requirements for water, electricity and gas during production and testing of AI servers. Aside from continuously optimizing the system performance of products to satisfy the highest quality demands of customers, Hon Hai has also set up an AI performance laboratory to enhance the integration of software and hardware through systematic analysis. Moreover, the Group’s Taoyuan Nanqing Factory obtained certification as the world's first AI server Lighthouse factory, demonstrating our leadership in AI hardware production and manufacturing. Turning to electric vehicles, the MODEL C – the passenger SUV sold under the Luxgen-branded N7 – took the top spot in April for unit sales of electric vehicles in Taiwan. For the first four months of this year, deliveries to the automotive customer exceeded 1,500 units and will be accelerated going forward. Before the third quarter of this year, all orders currently in hand can be completed. Annual shipments will exceed 10,000 units, and the revenue target will exceed NT$10 billion. Regarding MODEL B, the anticipated and well-liked sporty crossover EV, it has entered the mass production development stage and Hon Hai anticipates mass production to begin in the first half of next year. Demand outstrips supply for the MODEL T, the electric bus that is part of public transport in cities across Taiwan. In order to increase its production capacity, the Kaohsiung Qiaotou plant broke ground last month and will begin production and shipment in the third quarter of 2025. Initial output will be about 500 vehicles per year, expanding to a target of 1,000 vehicles in 2028. Moreover, the new Qiaotou plant will also plan for an experimental testing environment for commercial and passenger vehicles to further promote Taiwan's electric vehicle industry. In addition to the Taiwan market, Hon Hai anticipates sales abroad for those three electric vehicles to expand into the markets of Southeast Asia, the United States and Europe. Moreover, since the fourth quarter of last year, rapid progress has been made in Japan. Japan has become one of Hon Hai's most important markets; the Group currently has two CDMS customers and three ongoing CDMS projects. MOUs between Hon Hai and the customers are in place, and formal contracts are expected to be signed in the third and fourth quarters of this year. Further details will be disclosed at an appropriate time. In the field of autonomous driving, Hon Hai continues to cooperate with NVIDIA to optimize the development of autonomous driving software. Through the powerful computing power of NVIDIA AI toolchain, we can quickly deploy the latest algorithms, greatly accelerating the research and development process. We also propose a more integrated architecture and continue to optimize the design of the four core components, which can effectively shorten the time-to-market of the whole vehicle for customers. Discussing SHARP’s operational direction, Hon Hai points out: “The worst is behind SHARP. Its future only gets better from here!” SHARP’s unique, innovative technology and century-old brand are very rare in the global market. SHARP has set aside asset impairment from the panel display business to facilitate its move to become asset light. Going forward, Hon Hai will cooperate with SHARP to integrate its smart products for people, vehicles, home and office into our 3+3 strategy that we actively promote, and together we will seize new opportunities in the AI technology revolution.  

＊Key profit margins improve in 4Q23 and for full year 2023 ＊2024 outlook raised to “significant” growth from neutral view ＊AI server visibility high, supporting revised outlook ＊Electric vehicles – MODEL T & MODEL C – ramping up ＊LEO satellite revenue segment to grow   14 March 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced its full year and fourth quarter 2023 financial results. Full year 2023 net profit (attributable to the owners of the parent company, the same below) reached NT$142.1 billion, resulting in an earnings per share of NT$10.25, a 16-year high. At the same time, the Group announced that it will distribute a cash dividend of NT$5.40 per share, a record level since its listing in 1991 and implying a payout ratio exceeding 50% for the fifth year in a row. The Group revised upward its full-year 2024 outlook from neutral to significant growth, particularly noting strong growth of AI servers and components will be the biggest highlight this year. For the full year 2023, revenue totaled NT$6.162 trillion, declining 7% on-year. Gross profit reached NT$387.9 billion, down a narrower 3%; operating net profit at NT$166.5 billion, fell 4%; but net profit rose 0.4% to NT$142.1 billion for the same time period. Gross profit margin, operating profit margin and net profit margin all improved, standing at 6.30%, 2.70% and 2.31% respectively, compared with 6.04%, 2.62% and 2.13% in the previous year. EPS for the year, at NT$10.25, rose by NT$0.04 on-year. In the fourth quarter, revenue reached NT$1.852 trillion, falling 6% on-year; gross profit reached NT$113.3 billion, up 2% from the same three months a year ago; operating net profit was NT$48.93 billion, showing an on-year gain of 11%; and net profit was NT$53.15 billion, up 33% for the same time period. Gross profit margin, operating profit margin and net profit margin were 6.12%, 2.64% and 2.87% respectively, with all three also improving compared to 5.66%, 2.25% and 2.04% in the same period a year ago. EPS for the final three months of 2023 was NT$3.83, up NT$ 0.95 from the same period a year ago. Regarding the Group’s full-year operating outlook for 2024, Hon Hai Chairman and CEO Young Liu said that last November during the previous quarterly investor call, our view on this year’s outlook was neutral. However, due to the recent increase in generative AI applications, the visibility on AI servers has become very high, prompting an upward adjustment in our outlook for the Group for this year to “significant” growth from the original neutral view. In the closely watched AI server segment, Chairman Liu said the annual growth in GPU modules will more than double this year, while revenue from the AI server business is expected to exceed 40% on-year and account for more than 40% of total server business. In terms of AI applications, Chairman Liu said that in addition to CSP customers, brand customers have also begun to actively develop AI servers. These are Hon Hai’s existing customers, so their vigorous development of AI, coupled with stabilization from general servers, will benefit the Group’s performance. Inventory digestion in networking products will have a slight impact on growth momentum in the first half of this year, however, judging from the entire cloud and networking products segment this year, strong growth is still achievable. The Group’s core competitiveness in the field of AI servers is its vertical integration capabilities from components, modules, and complete systems to data centers, said Chairman Liu. Hon Hai has grasp of the key components of AI data centers, including high-performance computing servers, storage, switches, power supply solutions and advanced cooling technology. It is the only company that can provide comprehensive solutions for AI data centers, he said. Chairman Liu said that with the requirement to improve GPU performance, the functions of high-speed switches will be highlighted; here, Hon Hai is an important supplier of switches. In liquid cooling technology, Hon Hai started working on it five years ago. The value the Group brings include better computing performance, optimization of the overall space design of the rack, industry-beating energy-saving performance, cooling solutions that can also reduce customers' operating costs, and quieter machine operation. He also discussed the Group’s five operational pillars for 2024: Smart City, Smart Manufacturing, Smart EVs platforms. The Group will continue to develop related technologies in electric vehicles, AI, semiconductors, and LEO satellites to propel its three smart platforms. The progress will be assisted by the AI factory and Hon Hai’s accumulated competitive advantages over 50 years in fields including components, modules, system assembly, IC and software. Electric vehicle business. Currently, customer orders for the MODEL C exceeds 9,000 vehicles. The Group has gradually ramped up the deliveries of the number of vehicles in first quarter 2024, and deliveries of all current orders are expected to be completed before third quarter 2024. Shipments will exceed 10,000 units, and the revenue target will exceed NT$10 billion. Looking ahead, the MODEL C will expand into overseas markets.　 Customer demand has outstripped the existing production capacity of electric bus MODEL T. To boost production, Foxtron Vehicle Technologies expects to start construction on the Kaohsiung Qiaotou factory in second quarter 2024 and commence manufacturing and shipments in third quarter of 2025; building of the Group's battery center in Kaohsiung Hefa is underway as planned, and the first power battery cell is expected to begin mass production in fourth quarter of 2024. AI server growth potential. Hon Hai will rely on its five core competitiveness in the field of AI servers, including R&D capabilities in key technologies; highly digitalized manufacturing platforms; comprehensive vertical and system integration capabilities; cooperation relationships with partner customers; and diversified global footprint to continue to maintain key leading, market position. IC design. With the large expansion of foundries worldwide, Hon Hai will continue to focus on the highest cost segments of EVs, which are IC design in the three major categories of assisted driving, electric drive, and automotive electronic platforms. Shipments will commence in these ICs to automotive customers this year and will also be used in Hon Hai's passenger cars and electric buses. Low-Earth-orbit satellite. The Group currently expects to win orders for key components of LEO satellites from international customers; at the same time, it has secured orders for ground equipment from major international satellite communications providers on combining the strength of Hon Hai’s precision manufacturing capabilities evident in the ICT industry. This will further contribute to the Group’s revenue. The Group's capital expenditure in 2023 reached NT$111.7 billion, up 14% on year. Capex this year will continue to grow; it is anticipated to be higher than last year and expected to be up for the fourth year in a row. The trend shows that Hon Hai takes a positive view on several major development areas, including the existing ICT industry, AI servers, and new businesses. In addition, inventory levels have also improved significantly, by falling 22% from a high of NT$939.0 billion in 2022 to NT$730.8 billion at the end of 2023, showing effective post-pandemic management control and reduction.

Special tributes from Apple, NVIDIA, Intel, SoftBank, ARM and Murata 20 February 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) celebrated its half centennial on Tuesday by showcasing forward-thinking innovation and transformation of the world’s largest electronics manufacturer and leading technological solutions provider. A formal gala dinner program, attended by 500 guests, paid special tribute to Foxconn Founder Terry Gou, after a lightning round conversation on the theme of innovation excellence that included Foxconn Chairman and CEO Young Liu during the cocktail hour. “Tonight we are among friends, who are long-time customers and suppliers,” said Chairman Liu said during opening remarks. “This evening is for you. It is Terry’s evening.” The “Foxconn Way” has become an institutional platform to transform local economic structure and to train local talents to support a new manufacturing ecosystem brought about by Foxconn, said Founder Gou. “In the past fifty years, Foxconn has succeeded in changing the lives of millions of workers, thus their families and also their communities. As the Founder, I am most proud of it,” he said. Electric vehicles took prominent place as some guests were transported to the event in the Foxconn-developed MODEL C, now in mass production. Foxconn’s contract design and manufacturing service (CDMS) capabilities were on display as guests walked a red carpet past the luxury sedan MODEL E and sporty crossover MODEL B parked inside the ballroom. At the end of the evening, guests were given a commemorative, limited edition 50th anniversary, custom-made, unibody MODEL E miniature EV. A lightning round barside conversation led by Ed White, head of Clarivate’s Center of Innovation and IP Research, highlighted Taiwan’s excellence in innovation and intellectual property. Out of the 58 companies and research institutions in the Asia Pacific in Clarivate’s annual Top 100 Global Innovators, 11 are from Taiwan, while Foxconn – named for the last six years in a row – leads Taiwanese corporates. Nine of the 11 were among guests at the gala dinner.    The exclusive, closed-door event was well attended by Foxconn’s top-tier customers, partners and suppliers from around the world, as well as Taiwan government officials and foreign government representatives, highlighting the broad range of the Group’s stakeholders. Pre-recorded video tributes were made by Apple CEO Tim Cook, NVIDIA Founder and CEO Jensen Huang and Intel CEO Pat Gelsinger. Offering tributes during the dinner included Apple COO Jeff Williams, SoftBank Founder and CEO Masayoshi Son, ARM CEO Rene Haas and Murata Manufacturing CEO Norio Nakajima. A cabinet-level delegation led by Taiwan Vice Premier Cheng Wen-tsan also attended the gala dinner.   About Foxconn Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking in the top 30 among the Fortune Global 500. In 2022, revenue totaled TWD6.62 trillion (approx. USD222 billion or EUR200 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and others. The Group operates 205 campuses across 24 countries and is one of the world’s largest employers with over a million employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – next-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. To learn more, visit www.honhai.com

Durham, NC (January 16, 2024) – Open Invention Network (OIN), the organization formed to safeguard open source and now the largest patent non-aggression community in history, announced today that Hon Hai Technology Group (Foxconn) has joined as a community member. As a leading technological solution provider and the world’s largest electronics manufacturer, Foxconn is reinforcing its commitment to open source. “Advances in design and manufacturing propel ongoing innovation within the electronics and components industries. A key driver of these new capabilities is open source technology. Open source enables companies to share foundational technology while they invest in powerful, differentiating features and capabilities higher in the technology stack,” said Keith Bergelt, CEO of Open Invention Network. “As a global leader in the development and manufacturing of electronics and technology solutions, we are pleased that Foxconn is committed to patent non-aggression in open source.” “Foxconn continuously looks for ways to integrate advances into the design and manufacturing of smart consumer electronics, cloud and networking equipment, computing devices and components, among others,” said Mick Lim, Director of Foxconn IP Affairs Division. “We are pleased to join the Open Invention Network and support its role in protecting open source.” As a community, OIN members practice patent non-aggression in core Linux and adjacent open source technologies by cross-licensing Linux System patents to one another on a royalty-free basis. The membership form and the OIN license agreement can be signed online at http://www.j-oin.net/   About Foxconn Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking in the top 30 among the Fortune Global 500. In 2022, revenue totaled TWD6.62 trillion (approx. USD220 billion or EUR200 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and others. The Group operates 173 campuses across 24 countries and is one of the world’s largest employers with over a million employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – next-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. To learn more, visit www.honhai.com   About Open Invention Network Open Invention Network (OIN) is the largest patent non-aggression community in history and supports freedom of action in Linux as a key element of open source software (OSS). Patent non-aggression in core technologies is a cultural norm within OSS. The litmus test for authentic behavior in the OSS community includes OIN membership. Funded by Google, IBM, NEC, Philips, Sony, SUSE, and Toyota, OIN has more than 3,800 community members. The OIN patent license and member cross-licenses are available royalty-free to any party that joins the OIN community. For more information, please visit www.openinventionnetwork.com.

Tripartite project closes talent gap, opens pathway for jobs 22 January 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced it signed a Mandarin-language education project MOU with four tertiary institutions in India aimed to deepen industry-academia ties and incubate future talent. The MOU was signed with Shiv Nadar University, VEL TECH, Assam Don Bosco University and Karpagam Academy of Higher Education, with the support of the Taipei Economic and Cultural Center (TECC). In the early stage, Foxconn is investing 3 million rupees (approx NT$1.2 million) to promote local Mandarin-language education through tripartite cooperation between industry, government and academia. The project is expected to expand and include more institutions in the future. Under the project, Foxconn will sponsor relevant subsidies for Taiwanese teachers during their teaching period in India at the above four schools. In the initial stage, a total of nearly a hundred students from Indian colleges and universities will participate in the Mandarin-language education courses. The Group will give priority consideration to qualified job seekers who have completed the courses under the project. Sponsoring Indian universities with Taiwan education centers is Foxconn’s commitment to bring together industry, government and academia to strengthen Mandarin-language teaching resources in India. The move helps local students develop superior language skills and responds to talent demand required for the Group’s strategic development in India going forward. TECC Representative Baushuan Ger, who witnessed the MOU signing, said currently there are 31 Taiwanese education centers in India. Through Foxconn’s sponsorship, more Taiwanese teachers will take up teaching posts in India, while increasing employment prospects for Indian students of academic excellence. With more and more Taiwanese companies setting up factories in India, the hope is that the Mandarin-language education project can close the gap on the lack of local talent with Mandarin-language skills in India. The project has been enthusiastically embraced by the partner schools. They said the cooperation will help students and faculty at the tertiary institutions further advance their Mandarin-language education achievements, improve their communication skills, setting them up for success to meet future global challenges. About Foxconn Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking in the top 30 among the Fortune Global 500. In 2022, revenue totaled TWD6.62 trillion (approx. USD222 billion or EUR200 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and others. The Group operates 205 campuses across 24 countries and is one of the world’s largest employers with over a million employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – next-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. To learn more, visit www.honhai.com

The World Economic Forum (WEF) announced its latest batch of lighthouse factories on December 14th. Ingrasys, a subsidiary of Foxconn Technology Group, was selected for its Taoyuan NanChing factory by leveraging AI to significantly improve production efficiency, becoming the world’s first AI server lighthouse factory. This is Foxconn Technology Group’s fifth lighthouse factory after Shenzhen, Chengdu, Zhengzhou and Wuhan. The lighthouse factory title is conferred by the World Economic Forum (WEF) and McKinsey consulting company through rigorous indicators, with the selectees representing the highest global standards for smart manufacturing and digitalization. Introducing AI Technology to Transform 5 Major Core Production Scenarios, Production Efficiency Increased by 73% Ingrasys' Taoyuan NanChing factory's main products include AI servers, HPC accelerators, cloud storage, and other related products. WEF's evaluation is "The foundational AI models have led to an explosive growth in demand for computing power, as well as higher requirements for efficiency, quality and iterative speed of AI servers. By introducing AI computing in areas such as order forecasting, warehouse and production scheduling, product design, quality and assembly testing, the NanChing factory has achieved 73% production efficiency improvement, 97% product defect rate reduction, 21% delivery time shortening, and 39% per unit manufacturing cost reduction.” "Our unrelenting investment in AI-powered smart manufacturing and promotion of automation, digitalization, intelligentization and sustainability have enabled Ingrasys to capitalize on the AI revolution," said Ingrasys CEO Benjamin Ding. "Earning this third-party recognition validates our success spearheading AI adoption to transform smart manufacturing." Ingrasys AI Server Lighthouse Factory radicates in Taiwan's High-tech Future, To comprehensively promote digital transformation, Ingrasys deployed over 30 advanced cases and introduced cutting-edge AI technologies into five core production scenarios at its Taoyuan NanChing factory: 1) With AI to assist demand forecasting, NanChing factory has significantly improved demand forecast accuracy and massively enhanced product delivery capabilities; 2) By deploying AI-enabled, optimized smart warehouse management system, not only the difficulties of complex material unavailability are resolved, but the time for material preparation and order allocation is also greatly reduced; 3) Quality control based on AI analysis has significantly improved product quality inspection and equipment maintenance efficiency with much lower human workload; 4) AI-driven automated assembly and testing workshops has substantially increased equipment efficiency and per capita output; 5) Coupling AI modeling to improve product parameter design enabled highly efficient and customized AI server creation that aligned closely with customer needs. This was a key factor in Ingrasys servers gaining wide market recognition for their configurability. About Ingrasys Ingrasys is a leading global cloud infrastructure provider delivering diverse products and services including servers, storage systems, accelerators and green technology solutions to meet all data center operational requirements. For more information, please visit https://www.ingrasys.com/.