Taipei: Taiwan’s Hon Hai Precision Industry Co., known globally as Foxconn, announced at its annual shareholders meeting that it anticipates its 2025 sales to exceed NT$7 trillion (US$234.5 billion), building on last year’s NT$6.8 trillion. Hon Hai Chairman Young Liu expressed confidence in achieving this target despite challenges such as U.S. tariffs, currency fluctuations, and a volatile global political and economic environment.
According to Focus Taiwan, Liu emphasized that the company expects significant growth this year, projecting a new revenue record. He revealed plans to restructure the board of directors by separating the roles of chairman and CEO, moving from a rotating CEO system to appointing a permanent chief executive within the next three years.
Liu identified information and communications technology (ICT), artificial intelligence (AI), and electric vehicles (EVs) as the primary growth drivers for Hon Hai this year. In the EV sector, the company has developed nine prototypes and is expanding global partnerships through its contract design and manufacturing service (CDMS) model. A notable collaboration with Japan’s Mitsubishi Motors aims to jointly develop EVs, positioning Hon Hai among the top three CDMS providers worldwide.
Hon Hai is also making strides in robotics and the space industry. The company has launched a comprehensive robotics manufacturing platform and is working on ground receiving equipment and key components for low Earth orbit (LEO) satellites. Liu stated that Hon Hai aims to become a leader in manufacturing services for LEO satellite companies.
At the meeting, shareholders approved a cash dividend of NT$5.80 per share, the highest since Hon Hai’s 1991 initial public offering. This marks the sixth consecutive year the payout ratio has exceeded 50 percent. The meeting also included a full board re-election, with Liu and Chang Ching-ray among the newly elected members, along with first-time board member Chiang Shang-yi. Christina Liu was re-elected, and independent directors now hold five of the nine board seats.