28 August 2023, Taipei, Taiwan and Chihuahua City, Mexico – Hon Hai Technology Group (“Foxconn”) (TWSE:2317), a global leader in high-tech manufacturing, and the Chihuahua State Government are excited to announce a strategic partnership aimed at advancing talent training, fostering innovation technology, and promoting sustainable energy development in Mexico’s largest state.

This partnership reflects a shared vision between Foxconn and the Chihuahua State Government to elevate the latter’s industrial capabilities, empower its workforce, and contribute to sustainable economic development. By combining expertise and resources, the effort is anticipated to drive positive change, shape the future of manufacturing, and contribute to the prosperity of Chihuahua and its residents.

The focus will be threefold:

1. Seizing Opportunities from Nearshoring

The thriving landscape of nearshoring presents immense opportunities along with unique challenges for the State of Chihuahua. Foxconn has invested over half a billion US dollars in the state and is one of the leading maquiladoras in Mexico. The partnership will focus on optimizing supply chains, enhancing infrastructure, and fostering an environment conducive to growth and innovation.

2.    Empowering Human Talent and Driving Innovation

Foxconn is committed to nurturing a talent pool equipped with cutting-edge skills to meet the demands of the evolving ICT & Automotive industry. In partnership with the state, we aim to develop training programs and initiatives that will empower the workforce and position Chihuahua as a hub for innovation-driven manufacturing.

3.    Collaborative Efforts in Electricity Development

Together with the Chihuahua State Government, Foxconn aspires to enhance energy efficiency, explore renewable energy sources, and support sustainable power solutions. This collaboration underscores our shared commitment to environmentally responsible practices and driving positive change for the business community in San Jerónimo and Juárez.

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 – new-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

(News From: 'Grupo de Tecnología Hon Hai (Foxconn) y Gobierno del Estado de Chihuahua forjan Asociación para la Manufactura de Alta Gama e Innovación Sostenible.')