Hon Hai Looks to China's Interior

If you've never heard of Hon Hai before, you should. Hon Hai is the world's biggest electronics contract manufacturer. Its factories produce iPads, iPhones, and other PCs, videogame consoles, printers, cell phones and other electronics for Dell, HP, Sony, Nokia, and Nintendo. The company's revenue will reach $85 billion this year, and it has grown tremendously -- it is 30 times bigger than it was a decade ago, and this year has cut back it's forecast growth -- from a historical trend of 30% to "only" 15%. In China, Hon Hai is the largest private employer and the third largest employer overall. Now, the company is betting big in China, with plans to invest $3.5 billion in new facilities in China's inland. Within two years, 50% of Hon Hai's workers will be in inland China, up from 20% today. Eventually, the company expects it will have 1.5 million employees on its workforce.


Hon Hai Looks to China's Interior - WSJ.com