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05 January 2025

Hon Hai Insights Shine At Annual Meeting 2025

Star-studded annual gathering highlights investment plans and innovative ambitions for future success.

Hon Hai Precision Industry, widely known as Foxconn, held its much-anticipated annual meeting on January 5, 2025, at the Nangang Exhibition Center in Taipei. The event, themed "Soaring to New Heights," attracted approximately 700 tables of guests, marking another successful edition of the group's celebration.

This year's meeting was notable not only for its business agenda but also for the dazzling array of celebrity performances. The company invited popular artists, including singer Hebe Tien, boy band ENERGY, and the renowned Japanese dance group, which brought flair and excitement to the occasion. The entertainment segment enlivened the atmosphere, ensuring guests enjoyed both the formal presentations and lively performances.

During the event, Hon Hai's chairman, Young Liu, took to the stage to share insights about the company's strategic direction over the coming years. Liu emphasized the need for diversification and growth, likening the company’s expansion strategy to the many limbs of an octopus. "We aspire to have multiple avenues for growth, much like an octopus with many arms," Liu remarked. This metaphor encapsulates the drive for Hon Hai to continuously adapt and thrive amid rapidly changing global markets.

Alongside Liu, co-CEOs Zheng Guangzhi and Deng Guoyan outlined their ambitious plans for upcoming investments and technological advancements. They focused significantly on the growth of the AI server business, which both executives highlighted as pivotal for the company's future. Zheng noted, "Our AI server business has shown rapid development, and we expect significant results this year," reflecting the confidence held within the organization about upcoming innovations.

The annual meeting also featured lottery draws, generating excitement among attendees. The total prize pool reached NT$160 million, with standout prizes, including the highly coveted Tesla Model Y. This initiative added another layer of engagement, demonstrating Hon Hai's approach to fostering camaraderie and motivation among its employees and partners.

While focusing on entertainment and company achievements, the meeting also served as a strategic platform for showcasing Hon Hai's resilience as it adjusts to industry demands. Liu's leadership continues to stress the importance of leveraging advancements in technology, particularly artificial intelligence and automation, to maintain Hon Hai's competitive edge.

With endeavors to strengthen positions across the global supply chain, Hon Hai is setting its sight not only on production efficiency but also on fostering innovation. The executives discussed upcoming projects aimed at enhancing their capabilities within AI, robotics, and telecommunications, aiming to capture growing market segments.

Hon Hai's efforts are also reflected through future expansion plans, including new facilities poised to cater to demand shifts. Notably, the new plant expected to begin operations by April 2025 will focus on electric vehicle-related products and telecom equipment, demonstrating the company's commitment to investing where growth potential lies. Meanwhile, investments are being planned for India to respond to increasing local demands.

The meeting's overall tone highlighted optimism about the company's direction as it navigates the intricacies of global tech markets. Liu's and the co-CEOs' messages resonate with the company's foundational ethos of innovation and responsiveness. Their vision encapsulates the aspiration to remain at the forefront of technology development—augmenting production capabilities and exploring new frontiers, such as AI and robotics.

Hon Hai's annual meeting not only celebrated past achievements but also set the stage for ambitious future pathways aimed at sustainable growth. Attendees left with renewed enthusiasm, knowing they were part of a pivotal moment for one of the world's leading technology manufacturers.