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Hon Hai Plots Move Beyond iPhone Assembly to AI, Big Data

  • Smart manufacturing, data centers, AI among areas for growth
  • Hon Hai unit Foxconn Industrial Internet plans IPO in China
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Photographer: Thomas Lee/Bloomberg

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Hon Hai Precision Industry Co. Chairman Terry Gou, best known for assembling Apple Inc.’s iPhones, plans to increase its focus on artificial intelligence and big data over the next few years as he seeks to transform the contract manufacturer into a more influential force in the global technology industry.

Gou, at an annual gathering in Taipei for employees and family members Sunday, said the company has a great deal of work to do through 2020 to adapt to the sector’s new realities. He will expand investments in AI, automation and the Internet of Things to position his companies even more centrally in the tech supply chain.