Manufacturing Magazine October 2024 | Page 53

FOXCONN TECHNOLOGY GROUP ’ S CHENGDU CAMPUS

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FOXCONN TECHNOLOGY GROUP ’ S CHENGDU CAMPUS

REVENUE : US $ 190BN EMPLOYEES : 767,062 CEO : YOUNG LIU FOUNDED : 1974
Foxconn Technology Group ’ s Chengdu Campus is recognised by the World Economic Forum ’ s ( WEF ) Global Lighthouse Network ( GLN ) as a Lighthouse factory . This accolade is awarded based on manufacturing success with Industry 4.0 technologies and sustainability .
Supporting training , research and innovation , the campus has extensively pursued digitisation to reduce costs and enhance efficiency . By adopting AI , VR and IIoT , it has increased labour efficiency by a staggering 200 % and improved overall equipment effectiveness by 17 %.
“ It is an honour for us to have the WEF Future Manufacturing Council recognise our work with both the Shenzhen and Chengdu factories ,” says Young Liu , Chairman , Foxconn Technology Group .
“ This second designation is a testament to the system we have built in the operation of factories that play leading roles in the world ’ s industrial revolution . Foxconn is committed to continuously improving our manufacturing systems and building even more Lighthouse factories as we serve our customers and contribute to a better world .”
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Young Liu , CEO ,
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