Foxconn Technology Group

Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd., is a Taiwanese multinational electronics contract manufacturing company headquartered in Tucheng, New Taipei, Taiwan. It is the world's largest electronics contract manufacturer,and the fourth-largest information technology company by revenue. The Company manufactures connectors for use in PCs in Taiwan, and also manufactures connectors and cable assemblies worldwide. The Company also manufactures enclosures, primarily for desktop PCs and PC servers. Foxconn is the registered trade name for the Company. Connectors & Cable Assemblies Connectors have applications in various industries - computers, automobile, communications, consumer products, medical, and defense. Foxconn focuses on offering a range of connectors and cable assemblies for desktop and notebook PCs and PC peripherals. Approximately 500 types of connectors are produced and sold under the Company's own Foxconn brand name. Foxconn has branched into manufacturing connectors for communications and consumer products. PC Enclosures Foxconn manufactures PC enclosures for desktop computers. Depending on its client's specifications, the casings can be sold together with floppy disk drives, switching power supplies, connectors, cable assemblies, and riser cards. Foxconn provides integrated mechanical solutions for clients to deal with thermal, acoustic, environmental, mechanical, functional, and design problems. The Company primarilt serves in Taiwan. In addition it has distribution centers in various key cities in Asia, Europe, and America. Foxconn's principal manufacturing operations are based in Taiwan and mainland China. It has also set up production facilities in Europe and the United States. Foxconn is in the process of setting up new production facilities in Ireland, and is also considering Central America as a production center. Significant Events Hon Hai Precision Industry Co., Ltd. has established a unit to enter the business of assembling liquid crystal display (LCD) televisions. The company and Chi Mei Optoelectronics Corp. have formed a joint venture, Ampower Holding Ltd, that makes inverters meant for television sets fitted with TFT-LCD screens. The company has formed a strategic partnership with United Keys, Inc. As part of this partnership, Foxconn would build display-key input devices using United Keys technology. Display-keys are regular keyswitches with small OLED displays embedded in their tops. This allows interactive and image-based communication between software and users. On September 5, 2009, Sony Corporation announced that it has agreed to form a partnership with Hon Hai Precision Industry Co. Ltd. for the production of LCD TVs for the Americas region.

William Hung

Chief Investment Officer

Past deals in Consumer Electronics

Astor

Series A in 2023
Astor provides R&D and manufacturing of automation equipment and carrier fixtures with supply of different hardware and welding products.

Youdian Technology

Series A in 2018
Youdian Technology Co., Ltd., established in 2017 and headquartered in Shenzhen, China, specializes in the development and manufacturing of Internet of Things (IoT) enabled smart home products. The company's diverse product line includes smart door locks, surveillance devices, water filters, air purifiers, smart toilet seats, and energy-saving light switches. These innovations aim to create a comprehensive smart home ecosystem that enhances domestic safety and improves overall living standards.

ManX Technology

Seed Round in 2018
Smart vending machine supplier based in Shenzhen.

A.I. Nemo

Series C in 2018
A.I. Nemo develops hardware, home appliances, and a family companion robot. A.I. Nemo was established in March 2014 and is an innovative company dedicated to developing Internet hardware and smart home appliances. The company at the beginning of the creation of the speed of light to get the vibration and innovation workshop A round of investment.

A.I. Nemo

Series B in 2016
A.I. Nemo develops hardware, home appliances, and a family companion robot. A.I. Nemo was established in March 2014 and is an innovative company dedicated to developing Internet hardware and smart home appliances. The company at the beginning of the creation of the speed of light to get the vibration and innovation workshop A round of investment.

Nucleus

Series A in 2016
Nucleus is a developer of a wireless home intercom system designed to enhance communication within families. Drawing inspiration from traditional intercom systems, Nucleus offers an all-in-one device that integrates video calling and smart home management. By connecting to a home's WiFi network, the system facilitates instant, hands-free communication between family members, regardless of their location, whether nearby or far away. The devices can be easily installed in various rooms, providing a simple and effective solution for modern family interactions.

Yunmake

Series A in 2016
Yunmake makes foldable electric bikes, like the X1 (pictured above), that are battery-powered and connected to an app. While a Xiaomi representative declined to comment on potential collaborations with Yunmake, Shunwei’s (and, by extension, Lei Jun’s) interest in the company is notable because Xiaomi is busy building a hardware ecosystem that extends beyond its smartphones. Xiaomi hasn’t rolled out vehicles yet, but reports have surfaced that it wants to add electronic bikes and smart cars to its growing roster of consumer hardware.

ColorTV

Seed Round in 2016
ColorTV is a company that specializes in providing analytics and discovery solutions for content creators on over-the-top (OTT) platforms. It offers a range of products designed to enhance decision-making, including personalized video recommendations, real-time tune-in data, and comprehensive insights into viewer engagement. In addition, ColorTV operates an application discovery platform tailored for Apple and Android TV, supporting marketing automation and data services specifically for Connected TV environments. By delivering these tools and insights, ColorTV aims to empower content creators to optimize their offerings and improve viewer experiences.

Sharp

Acquisition in 2016
Sharp Corporation, established in 1912 and headquartered in Sakai, Japan, specializes in the manufacture and sale of telecommunication equipment, electric and electronic application equipment, and various electronic components. The company operates through three primary segments: Smart Life, 8K Ecosystem, and ICT. The Smart Life segment encompasses a wide range of household appliances, including refrigerators, ovens, air conditioners, and air purifiers, as well as electronic devices such as calculators and telephones. The 8K Ecosystem segment focuses on advanced display technologies and audio-visual products, featuring LCD TVs, Blu-ray recorders, and multi-function printers. The ICT segment primarily includes mobile phones and personal computers. Sharp Corporation's diverse product offerings cater to both consumer and business markets, supporting innovative solutions for modern living and work environments.

WiZN Systems

Angel Round in 2016
We are a bunch of passionate engineers who are challenging the status quo. We believe that the existing low power wireless standards are not sufficient to bring the IoT revolution with 50+ Billion devices connected to the Internet. Some of the challenges with the existing technologies are: reliability of wireless communication in harsh environmental conditions; ultra low power communication budget to extend battery life and the cost of internet connectivity. We are trying to address these problems with our technology. Our stand on the IoT standardization debate is simple. The last mile connectivity can not be standardized! The reason being, unlike Internet, the IoT applications are very different. Turning on a bulb requires just one ‘bit’ versus streaming video needs data rates of the order of Mbits/sec. Hence multiple standard-based and proprietary solutions will have to co-exist to address these wide varieties of applications. And this is possible only when standardization happens at the cloud level. This will allow all the connected things to talk to each other, irrespective of their last mile communication protocol. Our endeavour is to showcase this approach with our technology and products. Consumers don’t care about the standards. They care about the experience, utility and cost. We want to provide a seamless experience to our customers - one mobile APP to take care of all their needs. Our plan is to integrate all the existing products, which our customers care about, on to our platform. And build great products, wherever there is a gap. Wish us luck.

Nucleus

Seed Round in 2015
Nucleus is a developer of a wireless home intercom system designed to enhance communication within families. Drawing inspiration from traditional intercom systems, Nucleus offers an all-in-one device that integrates video calling and smart home management. By connecting to a home's WiFi network, the system facilitates instant, hands-free communication between family members, regardless of their location, whether nearby or far away. The devices can be easily installed in various rooms, providing a simple and effective solution for modern family interactions.

Yunmake

Series A in 2015
Yunmake makes foldable electric bikes, like the X1 (pictured above), that are battery-powered and connected to an app. While a Xiaomi representative declined to comment on potential collaborations with Yunmake, Shunwei’s (and, by extension, Lei Jun’s) interest in the company is notable because Xiaomi is busy building a hardware ecosystem that extends beyond its smartphones. Xiaomi hasn’t rolled out vehicles yet, but reports have surfaced that it wants to add electronic bikes and smart cars to its growing roster of consumer hardware.

Snapdeal

Private Equity Round in 2015
Jasper Infotech Private Limited owns and operates an online shopping site for Internet users in India. It provides an assortment of products across various categories, including mobiles and tablets; computers, and office and gaming products; televisions, audio and video equipment, appliances, grooming products, and cameras; men's and women's fashion products; kids' toys and fashion products; home and kitchen furnishings/appliances; beauty and personal care products, and food and household essentials; sports, fitness, and outdoor equipment; books, musical instruments, and gift cards; motors and accessories; and real estate and financial services. The company was founded in 2007 and is based in New Delhi, India with regional offices including Bangalore, Mumbai, Calcutta, and Hyderabad.

Electric Imp

Series B in 2014
Electric Imp, Inc. operates a comprehensive Internet of Things (IoT) platform that focuses on secure connectivity, lifecycle management, and integration solutions for businesses. Established in 2011 and headquartered in Los Altos, California, with an additional office in Cambridge, United Kingdom, the company provides a range of services including secure hardware modules, impOS software, and cloud solutions that enable seamless device-to-cloud connections. The platform supports both public and private cloud environments and offers features such as asset management, predictive maintenance, and connected commerce. Electric Imp also facilitates integrations with popular data storage and analytics services, ensuring flexible data flow management. Additionally, the company emphasizes security by monitoring and updating its systems, providing a robust security framework for its customers' devices and data. Electric Imp also retails IoT-related products and prototyping accessories online.

Soundhawk

Series B in 2014
Soundhawk Corporation designs and manufactures innovative hearing aids and listening devices, aiming to enhance the listening experience for users. Founded in 2010 and based in Menlo Park, California, the company offers products such as the Scoop, a wireless microphone that connects to smartphones and tablets via Bluetooth, along with a convenient charging case. Soundhawk's technology enables users to adjust sound frequencies on an intuitive interface, allowing for better focus on conversations while reducing background noise. The company markets and sells its products online, striving to make high-quality hearing solutions accessible and affordable for everyone.

WiTricity

Series E in 2013
WiTricity Corporation, founded in 2007, specializes in wireless power solutions utilizing magnetic resonance technology. The company designs, develops, and commercializes a range of products aimed at various applications, including mobile device charging, electric vehicle (EV) and hybrid electric vehicle (HEV) charging, and powering medical devices. WiTricity's technology allows for efficient energy transfer over distances, enabling safe and effective wireless charging for consumer electronics, automotive systems, industrial uses, and military applications. The company also engages in licensing its technology, allowing original equipment manufacturers (OEMs) to integrate its wireless power transfer capabilities into their own products. Headquartered in Watertown, Massachusetts, WiTricity is recognized as a leader in the field, with significant contributions to the advancement of wireless electricity technologies stemming from research initiated at the Massachusetts Institute of Technology.

Foxteq Holdings

Venture Round in 2009
Foxteq Holdings Inc. provides computer products like monitors, keyboards, printers, mouses, modems, and CD-ROM drives. Foxteq Holdings Inc. is based in George Town, Cayman Islands. Foxteq Holdings Inc. operates as a subsidiary of Hon Hai Precision Industry Co. Ltd.

Ennoconn

Acquisition in 2007
Ennoconn Corporation, founded in 1999, a leading Industrial mother board designer and a total hardware system solution provider to various vertical market applications (POS, Banking Automation, Kiosk, Lottery and Industrial Automation). With extensive professional knowledge, Ennoconn aims to deliver the state-of-the-art technology with high quality and speed for keeping our customer ahead among competitors. In 2007, Foxconn Technology Group, largest “Electronic Manufacturing Service” company in the world, became the majority share holder of Ennoconn, forming a strong strategic alliance in embedded system and electronic manufacturing business.
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