Tuesday, May 30, 2006
Foxconn Electronics (the registered trade name of Hon Hai Precision Industry) took the number one position in iSuppli's annual ranking of global EMS (electronics manufacturing services) providers, bumping Singapore-based Flextronics from the number one spot.
In 2005, Foxconn generated revenues of US$27.3 billion, up 62% from US$16.8 billion the previous year. This far exceeded the US$15.6 billion in revenues posted by Flextronics in 2005, according to iSuppli.
In 2004, Foxconn actually was the leading global EMS provider, according to iSuppli's revised rankings for the year. The Taiwan-based company achieved US$16.8 billion in revenues in 2004, putting it above Flextronics' US$16 billion total. iSuppli previously ranked Foxconn as second for the year, but subsequent financial reports prompted iSuppli to raise the company's ranking in 2004.
US-based Jabil Circuit, which achieved the second-largest revenue gain on a dollar basis among all EMS providers in 2005, saw its revenues rise by US$1.5 billion during 2005, which amounted to only 14% of Foxconn's US$10.5 billion sales increase for the year. In contrast, Flextronics, Sanmina-SCI, Solectron and Celestica experienced sales decreases of 3%, 9%, 12% and 4%, respectively, during 2005.
By: DocMemory
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