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In this issue, we (and AI) explored how and when artificial intelligence plays a role in manufacturing today. Whether on the factory floor, or in the front office, AI applications are emerging and changing how we approach planning, processes and problem solving.
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Foxconn Founder Terry Gou Steps Down as DirectorSeptember 7, 2023 | Foxconn
Estimated reading time: 1 minute
Terry Gou, Founder of Hon Hai Technology Group (Foxconn), resigned as a director of the company due to "personal reasons".
The company has always aimed to improve corporate governance. Among the 9 directors of the current board of directors, more than half, or 5 seats, are comprised of independent directors. Following, Mr Gou’s resignation as a director, there is no need to immediately elect a director.
Gou founded Hon Hai Precision Industry Co Ltd – Foxconn’s formal name – 49 years ago. Under his leadership, the Group deepened R&D, innovated business models, and became the world's largest electronics manufacturing services (EMS) company. The Group is deeply grateful to the Founder for his nearly half-a-century of contribution to the Group, as well as the global electronics industry.
Gou officially handed over leadership of the Group to a professional manager four years ago. Hon Hai Technology Group (Foxconn) has continued to grow and thrive from its original, solid foundation. Last year, revenue exceeded NT$6 trillion and the company issued a record cash dividend since it first went public in 1991. It has been a positive example of succession among large global enterprises.
In addition to deeply cultivating the existing electronics industry, Foxconn also continues to transform. After Chairman and CEO Young Liu took over four years ago, his vision of three industries (electric vehicles, digital health, robotics) plus three core technologies (artificial intelligence, semiconductors, and next-generation communications) has been the main driver for the Group as it enters the next 50 years. The Group’s ”share, collaborate, thrive” proposition leverages its global standing to assist the 24 regions it operates in to bring local economic development and high-quality employment opportunities. No matter in the past or going forward, this is paving the way for the Group’s sustainable development and is also the greatest contribution in lifting the well-being of humanity.
KYZEN, the global leader in innovative environmentally friendly cleaning chemistries, is proud to announce that it is sponsoring the Women’s Leadership Program Connection Reception to be held at SMTA International.
The practical question around CHIPS Act development and electronics assembly is, “Will this change how we do business?” Indium Corporation’s Dr. Andy Mackie sat down with Nolan Johnson to share what he sees as emerging answers to that question from his perspective as an expert in electronics assembly and packaging, and as a participant in standards development through IPC, JEDEC, and SEMI.
ZESTRON is happy to announce that Senior Application Engineer, Ravi Parthasarathy, will be presenting "Revolutionizing PCB Assembly Cleaning:
IPC continues to collaborate with the electronics manufacturing industry to meet their current and future workforce training needs.
Though product demand weakened this month with Orders and Backlog Indexes slipping, overall electronics industry operations remain healthy per IPC’s September 2023 Global Sentiment of the Electronics Supply Chain Report.