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Hon Hai Technology Group (Foxconn) Recognized as Top 100 Global Innovators 2024

6 March 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) announced it has been named a Top 100 Global Innovators™ 2024. The annual list from Clarivate™, a global leader in providing transformative intelligence, identifies organizations leading the world in technology research and innovation.

Foxconn was recognized for the seventh consecutive year, ranking 27th, among the top 100 organizations in a field that has seen competition for exceptional patentable ideas grow more intense.

Foxconn and our affiliates, together, own more than 57,700 patents around the world. This is a reflection of our strong capabilities to solve the problems of our customers. It is validation of our advanced research to invent next generation technologies and processes. It is our commitment to sharing our innovations with the world.

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Young Liu, Foxconn Chairman and CEO

This recognition at Foxconn’s 50th year in 2024 inspires our work to continue to innovate for the good. Foxconn will keep investing in its 3+3 strategy, that includes the three emerging industries of electric vehicles, digital health and robotics, plus the three key technologies of AI, semiconductors, and next-generation communications. Presently, we have a large number of patents in these fields, and the trend is only heading higher in these related IP submissions. Our innovation growth is becoming clearer.

Mick Lin, Director of IP Affairs at Foxconn

To feature as a Top 100 Global Innovator is no mean feat as maintaining an edge in the innovation ecosystem is harder than ever. Organizations must balance experimentation and risk with discipline and reward. We measure and rank innovative performance in a dynamic and thorough way, using live thresholds of differentiation. At Clarivate, we think forward by analyzing the quality of ideas, their potency and their impact to identify the world’s top innovators, and this year we reveal the ranking of these innovators for the first time.

Gordon Samson, President, Intellectual Property, Clarivate

The Top 100 Global Innovators are performing well above all other innovators globally. Each of these companies and research institutions have invested in innovation with conviction and consistency. Their work crosses disciplines and industries, and shapes future direction.

To build the Top 100 Global Innovators 2024 report, the Clarivate Center for IP and Innovation Research™ measures the quality of ideas, their potency and their effect. To achieve this, we combine modern analytical architecture with over 60 years of experience from Derwent World Patents Index™ (DWPI™) and Derwent Patent Citation Index™.

Learn more about Top 100 Global Innovators 2024 here.

Methodology

The Top 100 Global Innovators uses a complete comparative analysis of global invention data to assess the strength of every patented idea, using measures tied directly to their innovative power.

To move from the individual idea strength to identify the organizations that create them more consistently and frequently, Clarivate sets two threshold criteria that potential candidates must meet and then adds a measure of their patented innovation output over the past five years.

About Foxconn

Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking in the top 30 among the Fortune Global 500. In 2022, revenue totaled TWD6.62 trillion (approx. USD222 billion or EUR200 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and others. The Group operates 205 campuses across 24 countries and is one of the world’s largest employers with over a million employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – next-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises.

To learn more, visit www.honhai.com

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