Foxconn is a global outsourcing service provider founded in 1974 by Taiwanese industrialist Terry Gou. With Foxconn headquarters in Tucheng, New Taipei City, Taiwan, the 50-year tech company has gathered a massive following and clientele over time. Statistics show due to its outstanding services, Foxconn has become a force to reckon with in the tech world.
Interestingly, while Foxconn is the largest technology manufacturer globally, not everyone has heard about it or is familiar with its operations. These interesting Foxconn statistics provide the essential details you need to know about Foxconn, such as what it does, how it operates its revenue, etc. Hop on, and let’s get started.
Key Statistics
Foxconn Employees Statistics
1. The Average Age for a Foxconn Employee is 23.
This means that, on average, most people working at Foxconn are in their early twenties. This statistic highlights the company’s preference for hiring younger workers, possibly due to labor costs or the need for a workforce familiar with modern technology.
2. Foxconn Plans to Employ Up To 13,000 Full-Time Employees, With An Average Salary of $58,875.
This move could potentially initiate significant opportunities for people in regions where Foxconn operates to gain employment. The positions opened are most likely in the tech line, so building skills in related fields would be wise for every young person interested.
3. Foxconn Had a Massive Employment of About 810,000 People in Over 27 Factories In 2020.
This indicates the extensive scale of Foxconn’s operations, with many employees working in manufacturing facilities worldwide. Such a large workforce shows Foxconn’s status as one of the leading employers in the tech manufacturing industry, playing a significant role in global employment and production.
4. About 5.5% of Foxconn’s Employees in Chengdu Were Either 16 or 17 Years Old.
As stated, Foxconn has an operational standard for young people, so most of its workforce comprises workers under 23. According to the Foxconn report, most of the company’s employees are between 30 and 50.
5. About 63% of Foxconn Employees Are Male, While 37% Are Female.
At Foxconn, around 63% of employees are men, while 37% are women, highlighting the diverse mix of talent driving innovation. The company values the contributions of every individual, fostering an inclusive environment where both men and women work together to build tomorrow’s technology.
Foxconn Operating Conditions Statistics and Facts
Over time, there have been reports on Foxconn’s provision of bad operating conditions for its employees. Among those reports are issues of underpayment, unconducive sleeping residences for its employees with over nine occupants in one dorm, forceful long work hours, and many others. Here are a few of these facts and statistics:
6. Half of Foxconn’s employees do not last more than a few months with the company because of its lousy working system.
7. Negative reports regarding Foxconn’s operating conditions have been reported, which is a point of contention.
8. Some workers have complained that Foxconn enslaves them. They make about 46% of their workers clock in for over 70 hours weekly.
9. An average Foxconn employee reportedly resigns after working for a few months due to the company’s terrible operating conditions. The resignation rate has become relatively high and threatens employee dependency in the company.
10. Some reports have stated that Foxconn overworks its employees while paying them poorly. Foxconn pays employees who work shifts between 11 and 13 hours an average of $130 monthly. Many believe this remuneration plan is unfair to other companies and should be revisited.
11. According to reports, Foxconn’s superiors are verbally abusing their employees. Due to compulsions, they work continuously without taking a single break. Even though some employees work back-to-back, the employer does not pay them for overtime.
12. Also, reports have revealed that Foxconn has a terrible accommodation plan. According to reports, about nine company employees share a room, presenting an unconducive living condition.
Foxconn Products Statistics and Facts
Foxconn is recognized as a critical assembler of various user electronic products, including tablets, laptops, smartphones, and other high-technology devices. Here are a few facts and statistics on Foxconn’s products:
13. Foxconn manufactures exceptional products like Google Pixel, Nokia, iPads, Nintendo gaming systems, Blackberry, iPhones, Sony, and Kindle devices.
14. In January 2024, revenue for cloud and networking products increased significantly, suggesting that during that time, sales of cloud and networking products experienced a notable rise in income.
15. Foxconn manufactures electronic products for major American, Japanese, Canadian, Chinese, and Finnish companies.
16. Foxconn’s Zhengzhou plants have a production range of 80% of iPhone products globally. According to iPhone statistics, the facility stationed there is relevant in Zhengzhou. Interestingly, this location should have the best hands, and the supply chain must be fully functional to produce such large batches.
17. Foxconn is the gaming console producer of PlayStation 3 and 4. This may come as a shock to many people, but it is a fact that shows the spread of Foxconn’s tech around the world.
18. Foxconn produces about 500,000 smartphones daily at its plants, which results in long hours of work and machine operation. It also shows their efficiency level and the standard on which their workers operate.
23. In 2018, over eighty thousand fully functional industrial robot units were in Foxconn’s factories.
Foxconn Revenue Statistics and Facts
Foxconn generates an enormous share of its revenue from tablets and smartphones. It is recognized as the largest contract electronics manufacturer globally. Here are a few facts and statistics on Foxconn’s revenue:
24. Foxconn’s total valuation is $47.2 billion. This represents the company’s estimated worth, considering its assets, revenue, and market position.
25. Regarding revenue, Foxconn is the biggest company in Taiwan, amassing more than $172 billion in sales as of 2019. This figure is equivalent to 28% of Taiwan’s national GDP.
26. In 2021, Foxconn’s annual revenue reached $214 billion.
27. Foxconn estimated its operating income at $5.8 billion in 2022. This figure represents the profit generated from its core business operations before deducting interest and taxes.
28. Foxconn earns most of its revenues in China and is one of the largest employers worldwide.
29. Foxconn generated $178 billion in revenue in 2021.
30. Foxconn’s assets were estimated at $117 billion in 2022.
31. With the reduced demand for personal computers, revenue fell for computing products in Foxconn.
32. Foxconn’s revenue was estimated at $216.69 billion in 2022 TTM. In the trailing twelve months (TTM) of 2022, Foxconn’s revenue was estimated to be $216.69 billion. This figure represents the total income generated by Foxconn over the twelve months leading up to the estimation.
33. Foxconn reached a net income of $4.17 in 2021.
Foxconn Stock Statistics and Facts
Many have asked about Foxconn’s value on the stock market and its present stock price. This section will answer these questions. Here are a few facts and statistics on Foxconn’s stock:
34. Foxconn primarily manufactures Apple products.
35. Foxconn’s target is to hold 5% of the global electronic vehicles market share by the end of next year.
36. Foxconn’s market cap was $51.14 billion in 2022.
37. Foxconn’s 52-week low stock price is $45.10, and its 52-week high stock is $71.80.
38. Foxconn’s stock price was $50.60 in August 2022.
39. Foxconn’s share price was $3.69 as of August 2023.
40. Foxconn has subsidiaries. Linksys, Belkin, and Sharp are its subsidiaries.
41. Foxconn has two primary campuses in Shenzhen, and over 400,000 employees live and work there.
42. Foxconn owed its dispatch employees three months of hourly subsidies and bonuses after they worked overtime. In Foxconn’s defense, they didn’t sign any employee deal with them.
Additional Foxconn Statistics
19. Foxconn expected a 40% jump in sales of AI servers in 2024. This means they expect a significant rise in the number of AI servers they sell compared to the previous year, indicating a growing demand for their AI-related products and services.
20. Foxconn produces about 40% of the world’s electronic products and manufactures electronic products for most of the world’s leading brands, like Apple. Foxconn manufactures about 40% of the electronics available in the market. This leaves the remaining 60% for other companies to scramble over and for their users to constantly seek out their products.
21. Foxconn produces PCBs, PCB components, electronic components, computer chips, and many other products.
22. Foxconn has acquired 39,870 patents globally in nanotechnology, optical coating, semiconductor equipment, heat transfer, electrical machinery, and wireless networking. By 2019, these patents had doubled, rising from 79,600 in 2016 to 89,300 as of 2019.
Conclusion
Foxconn is a dominant player in electronic product manufacturing worldwide. Affiliated with Apple and many big tech companies, Foxconn has found its mark in its 50+ years of existence, with spectacular results to show for it. Statistics have proven that Foxconn is determined to push forward, maintaining its position in the tech world for many years to come. This article exposed you to every basic fact you need to know about Foxconn. While some of these facts may depict Foxconn in a disturbing light, there could be unconfirmed reasons that don’t alter Foxconn’s relevance.
Frequently Asked Questions (FAQs)
Foxconn’s yearly income is not fixed; it changes over time. For example, in 2021, its net profit was $4.41 billion. Then, in 2022, it increased by an outstanding percentage to $216.69 billion.
The average Foxconn employee earns $130 monthly, which is lower than the incentives that other companies in the same industry receive.
Foxconn manufactures about 80% of gadgets that are purchased globally.
Poor management, oppression by their superiors, low payment, running on bare minimums.
Bluntly, the answer is no. Foxconn is not work-from-home friendly. It has a company culture of no work-from-home flexibility.
You would benefit from name recognition, other good benefits, and PTO.
