You may have never heard of Foxconn, but it is likely you have one or more devices in your house manufactured by the Taiwanese company, which is purported to be the largest contractor of electronics in the world.
Foxconn is best known for making the iPhone and iPad for Apple, but also makes the Amazon Kindle, all Nintendo game systems, most Sony Playstations, and lots more.
With 3/4 of a million workers, Foxconn is one of the largest employers in the world.
The company has expanded into electric vehicles and is now aiming to produce 5% of all the electric cars in the world by 2025 and 40% to 45% at some point in the future.
Foxconn notably purchased the Lordstown, Ohio auto manufacturing plant from GM in 2021, where it began manufacturing small electric cars which will be sold under the General Motors brand.
The company expects to begin producing electric trucks from this same facility and has partnered with electric car company Fisker to produce a car called the “Pear” for the company.
A more recent announcement begins to tie together some of this strategy.
Foxconn announced a partnership with AI chip giant Nvidia recently with the intent to build several large AI data factories as hubs that will speed the growth of autonomous cars and industrial robots.
This move hints at a broader corporate strategy where Foxcomm will move beyond just producing products for other companies but will begin to control these products through its AI factories and the platform it is creating.