Foxtron Inc. or Foxtron Vehicle Technologies is a Taiwanese manufacturer of electric cars and buses based in Taipei , operating since 2020 as a joint venture between the technology company Foxconn and the car company Yulon .
105-498: In February 2020, Taiwanese electronic components giant Foxconn and local car manufacturer Yulon agreed to establish a joint venture company. Previously, Foxconn had limited involvement in the automotive industry only as a component supplier or investor, and decided to actively enter it as a manufacturer. Yulon's automotive component development and manufacturing subsidiary Hua-Chuang Automobile Information Technical Center Company (HAITEC) would invest NT$ 7.632 billion and hold
210-519: A ransomware attack in late May, disrupting production. The facility affected was located in Tijuana , Baja California and specializes in the production of consumer electronics, medical devices, and industrial products. The company invested $ 377 million in June 2014 to pick up a 4.9 percent shareholding in a South Korean IT services provider, SK C&C . Foxconn announced on 26 July 2017 that it would build
315-411: A $ 10 billion TV manufacturing plant in southeastern Wisconsin and would initially employ 3,000 workers (set to increase to 13,000). As part of the agreement, Foxconn was set to receive subsidies ranging from $ 3 billion to $ 4.8 billion (paid in increments if Foxconn met certain targets), which would be by far the largest subsidy ever given to a foreign firm in U.S. history. Some estimate that Foxconn
420-648: A 49% share, while Foxconn would invest NT$ 7.944 B for a 51% share. Yulon previously had announced a joint venture with Fiat Chrysler Automobiles on January 16, 2020. The goal was to develop electric cars. The joint venture's first product was the MIH (Mobility in Harmony) open EV platform, unveiled in October 2020 at the annual Hon Hai Technology Day (HHTD). MIH is an "open source" software and hardware platform for developing battery electric vehicles (EV). The hardware portion of MIH
525-486: A Covid outbreak at Zhengzhou Technology Park, Foxconn imposed restrictions on its iPhone assembly plant, with dine-in meal facilities closed. On 31 October 2022, after policies intended to control a Covid outbreak prevented workers from leaving the complex, many workers jumped the fence in order to escape. On 2 November 2022, the government imposed the lockdown to the Zhengzhou Airport Economy Zone , where
630-546: A Macronix 6-inch Wafer Fab for US$ 90.8mn. In February 2022, Foxconn formed a joint venture company with Vedanta Limited , one of India's leading multinational groups, to manufacture semiconductors in India. Foxconn dropped out of the deal in July 2023. In April 2022, it was announced Foxconn had acquired the wireless telecommunications company, arQana Technologies – with the new organization being rebranded as "iCana". Foxconn also announced
735-490: A chip units (SoCs) for the mobile computing and automotive market. Nvidia is also a dominant supplier of artificial intelligence (AI) hardware and software. Nvidia's professional line of GPUs are used for edge-to-cloud computing and in supercomputers and workstations for applications in fields such as architecture, engineering and construction, media and entertainment, automotive, scientific research, and manufacturing design. Its GeForce line of GPUs are aimed at
840-460: A collaboration with the Broad Institute of MIT and Harvard related to the entire suite of Nvidia's AI -powered healthcare software suite called Clara, that includes Parabricks and MONAI . Following U.S. Department of Commerce regulations which placed an embargo on exports to China of advanced microchips, which went into effect in October 2022, Nvidia saw its data center chip added to
945-485: A decision to quit the project, citing a number of issues with Vedanta Group as well as including external ones. In August 2023, during its annual meeting, Foxconn reportedly stated that India at present accounts for more than 5% of the company's business and there is ample space for future investments. Foxconn has set a target to employ 2 million jobs and meet India's target of exporting mobile phones worth $ 10 billion, both by 2030. To meet these targets, as of September 2023,
1050-421: A driver unless it is approved by Apple," suggesting a possible rift between the two companies. By January 2019, with still no sign of the enabling web drivers, Apple Insider weighed into the controversy with a claim that Apple management "doesn't want Nvidia support in macOS". The following month, Apple Insider followed this up with another claim that Nvidia support was abandoned because of "relational issues in
1155-578: A facility in San Jerónimo, Chihuahua that assembles computers, and two facilities in Juárez – a former Motorola production base that manufactures mobile phones, and a set-top box factory acquired from Cisco Systems . LCD televisions are also made in the country in Tijuana at a plant acquired from Sony. On June 2, 2022, Foxconn announced that their Mexico-based production plant had been hit by
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#17331193217991260-470: A joint press statement, but at a lower price. In 2016, Foxconn, together with Tencent and luxury-car dealer Harmony New Energy Auto, founded Future Mobility , a car start up that aimed to sell all-electric fully autonomous premium cars by 2020. A Foxconn unit, Foxconn Interconnect Technology, acquired Belkin International for $ 866m on 26 March 2018. In July 2019, Foxconn appointed Liu, Young-Way as
1365-512: A joint venture agreement to form XSemi Corporation ("XSemi") to extend the businesses into the semiconductor industry, including product development and sales. Based in Hsinchu, Taiwan, XSemi aims to consolidate the strengths and resources of the two market leaders, in addition to the upcoming multifaceted collaborations with leading semiconductor companies in product design, process and capacity planning, and sales channel. In August 2021, Foxconn acquired
1470-420: A merger with the integrated circuit designing firm AchernarTek for an undisclosed amount. The acquisition and consolidation will help Foxconn develop semiconductors for the automotive sector and 5G infrastructure. In September 2022, Foxtron, the automotive division of Foxconn works with Luxgen to launch its first electric vehicle, Luxgen n7. Foxconn has 137 campuses and offices in 24 countries and areas around
1575-513: A mid-size SUV to the Lordstown plant, but was denied an audience and flew back to Detroit after two weeks. In November 2022, Foxtron broke ground for a new factory in Thailand, which is intended for MIH-based EV production. The company sustained financial losses in 2021 and 2022. In October 2023, at the annual HHTD event, Liu Yangwei appeared with Nvidia CEO Jensen Huang and the production version of
1680-690: A new headquarters in the form of two giant triangle-shaped buildings on the other side of San Tomas Expressway (to the west of its existing headquarters complex). The company selected triangles as its design theme. As Huang explained in a blog post, the triangle is "the fundamental building block of computer graphics". In 2014, Nvidia ported the Valve games Portal and Half Life 2 to its Nvidia Shield tablet as Lightspeed Studio. Since 2014, Nvidia has diversified its business focusing on three markets: gaming, automotive electronics, and mobile devices. That same year, Nvidia also prevailed in litigation brought by
1785-445: A settlement, in which it would reimburse owners of the affected laptops for repairs or, in some cases, replacement. On January 10, 2011, Nvidia signed a six-year, $ 1.5 billion cross-licensing agreement with Intel, ending all litigation between the two companies. In November 2011, after initially unveiling it at Mobile World Congress , Nvidia released its ARM -based system on a chip for mobile devices, Tegra 3 . Nvidia claimed that
1890-546: A vision of the future which was so compelling that Huang decided to leave LSI and become the chief executive officer of their new startup . In 1993, the three co-founders envisioned that the ideal trajectory for the forthcoming wave of computing would be in the realm of accelerated computing, specifically in graphics-based processing. This path was chosen due to its unique ability to tackle challenges that eluded general-purpose computing methods. As Huang later explained: "We also observed that video games were simultaneously one of
1995-399: A walled campus sometimes referred to as "Foxconn City". Covering about 3 km (1.2 sq mi), the park includes 15 factories, worker dormitories, four swimming pools, fire brigade, own television network (Foxconn TV), city centre with grocery store, bank, restaurants, book store, hospital. While some workers live in surrounding towns and villages, others live and work inside
2100-475: A wide margin. Due to the success of its products, Nvidia won the contract to develop the graphics hardware for Microsoft 's Xbox game console, which earned Nvidia a $ 200 million advance. However, the project took many of its best engineers away from other projects. In the short term this did not matter, and the GeForce2 GTS shipped in the summer of 2000. In December 2000, Nvidia reached an agreement to acquire
2205-514: A write-down of approximately $ 200 million on its first-quarter revenue, after reporting that certain mobile chipsets and GPUs produced by the company had "abnormal failure rates" due to manufacturing defects. Nvidia, however, did not reveal the affected products. In September 2008, Nvidia became the subject of a class action lawsuit over the defects, claiming that the faulty GPUs had been incorporated into certain laptop models manufactured by Apple Inc. , Dell , and HP . In September 2010, Nvidia reached
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#17331193217992310-680: A year. In March 2021, Foxtron, the JV company of Foxconn and Yulon, announced cooperation with Nidec to strengthen the power on EV key component development. In July 2021, Foxconn teamed up with CTBC Financial Holding Co., Ltd to create a new fund targeting EV investments. In June 2021, Foxconn invested T$ 995.2 million ($ 36 million) in Gigasolar Materials Corp to develop EV battery materials. In September 2021, Foxconn collaborated with Thailand's state-owned oil supplier PTT Public Co. to invest US$ 1–2 billion in launching an EV joint venture in Thailand. In
2415-554: Is Hongfujin . On 25 May 2016, the BBC reported that Foxconn replaced 60,000 employees because it had automated "many of the manufacturing tasks associated with their operations". The organization later confirmed those claims. In July 2021, the Henan floods hit the world's biggest Apple iPhone assembly plant in Zhengzhou, but production was not affected. On 21 October 2022, and in response to
2520-525: Is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng District , New Taipei City, Taiwan. In 2023, the company's annual revenue reached 6.16 trillion New Taiwan dollars ( US$ 192 billion ) and was ranked 20th in the 2023 Fortune Global 500 . It is the world's largest contract manufacturer of electronics. While headquartered in Taiwan,
2625-430: Is a typical EV skateboard chassis with modular options for front-, rear-, or all-wheel drive; the software portion of the MIH platform has "functions and characteristics [that] can be changed and improved through software upgrades after the car is delivered", according to Foxconn chairman Liu Yangwei . The joint venture set a goal to supply components and services for 10% of EVs worldwide by 2027. The Foxtron joint venture
2730-734: Is considering further investments in Brazil. Foxconn has factories in Hungary , Slovakia , and the Czech Republic . As of 2011 it is the second-largest exporter in the Czech Republic. As of early 2015, Foxconn had tied up with Sony for manufacturing their televisions and selling it all over India . Hence, they started a new plant called Competition Team Technology (India) Private Limited in Irungattukottai (near Poonamallee , Chennai ) which
2835-489: Is designed to improve the quality of multi-monitor and virtual reality rendering. Laptops that include these GPUs and are sufficiently thin – as of late 2017, under 0.8 inches (20 mm) – have been designated as meeting Nvidia's "Max-Q" design standard. In July 2016, Nvidia agreed to a settlement for a false advertising lawsuit regarding its GTX 970 model, as the models were unable to use all of their advertised 4 GB of VRAM due to limitations brought by
2940-514: Is expected to contribute $ 51.5 billion to Wisconsin's GDP over the next 15 years, which is $ 3.4 billion annually. However, numerous economists have also expressed skepticism that the benefits would exceed the costs of the deal. Others have noted that Foxconn has made similar claims about job creation in the past which did not come to fruition. Foxconn was also exempted by Governor Scott Walker from filing an environmental impact statement , prompting criticism from environmentalists. The plant
3045-636: Is now manufacturing new Nokia-branded devices developed by HMD. Nvidia Nvidia Corporation ( / ɛ n ˈ v ɪ d i ə / , en- VID -ee-ə ) is an American multinational corporation and technology company headquartered in Santa Clara, California , and incorporated in Delaware . It is a software and fabless company which designs and supplies graphics processing units (GPUs), application programming interfaces (APIs) for data science and high-performance computing , as well as system on
3150-531: Is the best way to describe it. An hour of sushi and begging". In October 2023, it was reported that Nvidia had quietly begun designing ARM-based central processing units (CPUs) for Microsoft's Windows operating system with a target to start selling them in 2025. In January 2024, Forbes reported that Nvidia has increased its lobbying presence in Washington, D.C. as American lawmakers consider proposals to regulate artificial intelligence . From 2023 to 2024,
3255-767: Is thirty days from going out of business". Huang routinely began presentations to Nvidia staff with those words for many years. Nvidia sold about a million RIVA 128s in about four months and used the revenue to develop its next generation of products. In 1998, the release of the RIVA TNT solidified Nvidia's reputation for developing capable graphics adapters. Nvidia went public on January 22, 1999. Investing in Nvidia after it had already failed to deliver on its contract turned out to be Irimajiri's best decision as Sega's president. After Irimajiri left Sega in 2000, Sega sold its Nvidia stock for $ 15 million. In late 1999, Nvidia released
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3360-831: The CUDA software platform and API that allows the creation of massively parallel programs which utilize GPUs. They are deployed in supercomputing sites around the world. In the late 2000s, Nvidia had moved into the mobile computing market, where it produces Tegra mobile processors for smartphones and tablets as well as vehicle navigation and entertainment systems. Its competitors include AMD , Intel , Qualcomm , and AI accelerator companies such as Cerebras and Graphcore . It also makes AI-powered software for audio and video processing (e.g., Nvidia Maxine ). Nvidia's offer to acquire Arm from SoftBank in September 2020 failed to materialize following extended regulatory scrutiny, leading to
3465-573: The GameCube , Nintendo DS models, Sega models, Nokia devices, Cisco products, Sony devices (including most PlayStation gaming consoles), Google Pixel devices, Xiaomi devices, every successor to Microsoft 's Xbox console, and several CPU sockets, including the TR4 CPU socket on some motherboards. As of 2012, Foxconn factories manufactured an estimated 40% of all consumer electronics sold worldwide. Foxconn named Young Liu its new chairman after
3570-451: The GeForce 256 (NV10), its first product expressly marketed as a GPU, which was most notable for introducing onboard transformation and lighting (T&L) to consumer-level 3D hardware. Running at 120 MHz and featuring four-pixel pipelines, it implemented advanced video acceleration, motion compensation, and hardware sub-picture alpha blending. The GeForce outperformed existing products by
3675-520: The Lordstown Endurance and enter into a new joint venture to develop MIH-based vehicles. At HHTD22 in October 2022, Foxtron presented two concepts: an affordable urban hatchback named the Model B, also styled by Pininfarina, and the Model V pickup truck , along with the production version of the Model C concept from HHTD21, which will be produced and marketed in Taiwan by Yulon's subsidiary Luxgen as
3780-640: The n , starting in 2023. Under the CDMS model, Foxtron CEO Andy Lee described the Luxgen n7 as having been designed by Foxtron (shown as the Model C), with manufacturing handled by Yulon at its factory in Miaoli , and delivery to Luxgen performed by Foxtron. Ed Hightower, the CEO of Lordstown, flew to Taiwan in 2022, seeking to meet with Foxtron executives and make a deal to bring production of
3885-510: The triangle primitives preferred by its competitors. Then Microsoft introduced the DirectX platform, refused to support any other graphics software, and also announced that its graphics software ( Direct3D ) would support only triangles. Nvidia also signed a contract with Sega to build the graphics chip for the Dreamcast video game console and worked on the project for a year. Having bet on
3990-616: The Dreamcast. However, Irimajiri still believed in Huang, and "wanted to make Nvidia successful". Despite Nvidia's disappointing failure to deliver on its contract, Irimajiri somehow managed to convince Sega's management to invest $ 5 million into Nvidia. Years later, Huang explained that this was all the money Nvidia had left at the time, and that Irimajiri's "understanding and generosity gave us six months to live". In 1996, Huang laid off more than half of Nvidia's employees—then around 100—and focused
4095-564: The European public, accompanied by representatives of the model's designers, the Italian studio Pininfarina . The Foxtron MIH open platform is a modular skateboard chassis which carries the traction battery under the cabin floor, within the wheelbase of the vehicle. Front- , rear- , or all-wheel drive are possible using one or two traction motor units. Steering , braking , and vehicle speed/acceleration are controlled " by-wire ", facilitating
4200-863: The Foxconn factory is situated. On 23 November, workers clashed with law enforcement over the harsh COVID restrictions and claims that Foxconn failed to provide the salary packages that were promised to new hires. Videos circulated on Chinese social media depicting law enforcement beating protesting workers as well as large crowds of workers fighting back law enforcement. All company facilities in South America are located in Brazil , and these include mobile phone factories in Manaus and Indaiatuba as well as production bases in Jundiaí , Sorocaba , and Santa Rita do Sapucaí . The company
4305-466: The Group's technology strategy. In 2020, Foxconn established "Hon Hai Research Institute", with five research centers, each having an average of 40 high technology R&D professionals, all of whom are focused on the research and development of new technologies, the strengthening of Foxconn's technology, and product innovation pipeline, efforts to support the Group's transformation from "brawn" to "brains", and
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4410-1019: The MIH platform are intended to serve as reference designs for automotive OEMs to rebrand and market under their own marque; for example, the Foxtron Model C is sold as the Luxgen n7. After the MIH Alliance was announced with the launch of the MIH platform in October 2020, it was spun off as the Mobility in Harmony Consortium in 2021, led by CEO Jack Cheng. The MIH Consortium has since developed an open-access small EV reference platform for A-segment cars, known as Project X. Foxconn Hon Hai Precision Industry Co., Ltd. ( 鴻海精密工業股份有限公司 ), doing business as Hon Hai Technology Group ( 鴻海科技集團 ) in Taiwan, Foxconn Technology Group ( 富士康科技集团 ) in Mainland China, and Foxconn ( 富士康 ) internationally,
4515-464: The Model B; they announced the companies would build "AI factories" to develop autonomous driving software. In addition, the Model N panel van was unveiled. Foxtron went public on Monday, November 20, 2023; shares on the Taiwan Stock Exchange closed down 9% on the first day of trading, amid concerns the demand for EVs was slowing. In February 2024, Foxtron exhibited the production Model B to
4620-468: The Nvidia A100 GPU accelerator. In July 2020, it was reported that Nvidia was in talks with SoftBank to buy Arm , a UK-based chip designer, for $ 32 billion. On September 1, 2020, Nvidia officially announced the GeForce 30 series based on the company's new Ampere microarchitecture. On September 13, 2020, Nvidia announced that they would buy Arm from SoftBank Group for $ 40 billion, subject to
4725-1099: The Nvidia user forum, a thread was started asking the company to update users when they would release web drivers for its cards installed on legacy Mac Pro machines up to mid-2012 5,1 running the macOS Mojave operating system 10.14. Web drivers are required to enable graphics acceleration and multiple display monitor capabilities of the GPU. On its Mojave update info website, Apple stated that macOS Mojave would run on legacy machines with ' Metal compatible ' graphics cards and listed Metal compatible GPUs, including some manufactured by Nvidia. However, this list did not include Metal compatible cards that currently work in macOS High Sierra using Nvidia-developed web drivers. In September, Nvidia responded, "Apple fully controls drivers for macOS. But if Apple allows, our engineers are ready and eager to help Apple deliver great drivers for macOS 10.14 (Mojave)." In October, Nvidia followed this up with another public announcement, "Apple fully controls drivers for macOS. Unfortunately, Nvidia currently cannot release
4830-513: The UK, and further the groundbreaking work being done by the nation's researchers in critical healthcare and drug discovery." Also in October 2020, along with the release of the Nvidia RTX A6000, Nvidia announced it is retiring its workstation GPU brand Quadro, shifting its product name to Nvidia RTX for future products and the manufacturing to be Nvidia Ampere architecture -based. In August 2021,
4935-515: The United States. Under a new agreement announced in April 2021, Foxconn will reduce its planned investment to $ 672 million with 1,454 new jobs. Tax credits available to the project were reduced to $ 8 million. In October 2021, Lordstown Motors announced a $ 250 million deal to sell a former GM plant to Foxconn, which would become a contract assembler for the company's Endurance pickup truck. The deal
5040-560: The Year for 2007, citing the accomplishments it made during the said period as well as during the previous five years. On January 5, 2007, Nvidia announced that it had completed the acquisition of PortalPlayer, Inc. In February 2008, Nvidia acquired Ageia , developer of PhysX , a physics engine and physics processing unit . Nvidia announced that it planned to integrate the PhysX technology into its future GPU products. In July 2008, Nvidia took
5145-595: The chip featured the first-ever quad-core mobile CPU. In May 2011, it was announced that Nvidia had agreed to acquire Icera , a baseband chip making company in the UK, for $ 367 million. In January 2013, Nvidia unveiled the Tegra 4 , as well as the Nvidia Shield , an Android -based handheld game console powered by the new system on a chip. On July 29, 2013, Nvidia announced that they acquired PGI from STMicroelectronics. In February 2013, Nvidia announced its plans to build
5250-543: The company NVision, but that name was already taken by a manufacturer of toilet paper. Huang suggested the name Nvidia, from " invidia ", the Latin word for "envy". The company's original headquarters office was in Sunnyvale, California . Nvidia's first graphics accelerator product, the NV1 , was optimized for processing quadrilateral primitives ( forward texture mapping ) instead of
5355-531: The company earns the majority of its revenue from assets in China and is one of the largest employers worldwide. Terry Gou is the company founder and former chairman. Foxconn manufactures electronic products for major American, Canadian, Chinese, Finnish, and Japanese companies. Notable products manufactured by Foxconn include the BlackBerry , iPad , iPhone , iPod , Kindle , all Nintendo gaming systems since
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#17331193217995460-548: The company has three manufacturing plants under construction, all in southern India–a component and semiconductor plant near the company's existing plant in Chennai, and two plants each in Bangalore (near its airport ) and Hyderabad ( Kongara Kalan ) for making iPhones, iPads , iPods and AirPods . All three plants are projected to be completed and begin operations by the end of 2024. They will together employ around 400,000 people in
5565-605: The company reportedly hired at least four government affairs with professional backgrounds at agencies including the United States Department of State and the Department of the Treasury . It was noted that the $ 350,000 spent by the company on lobbying in 2023 was small compared to a number of major tech companies in the artificial intelligence space. As of January 2024, Raymond James Financial analysts estimated that Nvidia
5670-593: The company's remaining resources on developing a graphics accelerator product optimized for processing triangle primitives: the RIVA 128 . By the time the RIVA 128 was released in August 1997, Nvidia was down to about 40 employees and only had enough money left for about one month of payroll. The sense of extreme desperation around Nvidia during this difficult era of its early history gave rise to "the unofficial company motto": "Our company
5775-502: The completion of the Lordstown Motors facility purchase and further signed a contract manufacturing agreement and a joint venture agreement with LMC for product development. In mid-2021, Foxconn announced that the company will enter into more semiconductor production and will be expanding into supplying chips for electric vehicles (EVs) and electronics equipment used for healthcare. In May 2021, Foxconn and Yageo Group entered into
5880-828: The complex; a quarter of the employees live in the dormitories. Another Foxconn factory "city" is located at Zhengzhou Technology Park in Zhengzhou , Henan province , where a reported 120,000 workers were employed as of 2012, later, 200,000 workers were employed as of November 2022. The park produces the bulk of Apple's iPhone line and is sometimes referred to as "iPhone City". Foxconn's future expansion include sites at Wuhan in Hubei province , Kunshan in Jiangsu province, Tianjin, Beijing, Huizhou and Guangzhou in Guangdong province, China. A Foxconn branch that primarily manufactures Apple products
5985-500: The construction of five new factories in Itu, Brazil , creating 10,000 jobs. In 2014, the company purchased Asia Pacific Telecom and won some spectrum licenses at an auction, which allowed it to operate 4G telecommunications equipment in Taiwan. On 25 February 2016, Sharp accepted a ¥700 billion (US$ 6.24 billion) takeover bid from Foxconn to acquire over 66 percent of Sharp's voting stock. However, as Sharp had undisclosed liabilities which
6090-639: The consumer market and are used in applications such as video editing , 3D rendering , and PC gaming . With a market share of 80.2% in the second quarter of 2023, Nvidia leads the market for discrete desktop GPUs by a wide margin. The company expanded its presence in the gaming industry with the introduction of the Shield Portable (a handheld game console ), Shield Tablet (a gaming tablet ), and Shield TV (a digital media player ), as well as its cloud gaming service GeForce Now . In addition to GPU design and outsourcing manufacturing, Nvidia provides
6195-456: The design of its hardware. In May 2017, Nvidia announced a partnership with Toyota which will use Nvidia's Drive PX-series artificial intelligence platform for its autonomous vehicles. In July 2017, Nvidia and Chinese search giant Baidu announced a far-reaching AI partnership that includes cloud computing, autonomous driving, consumer devices, and Baidu's open-source AI framework PaddlePaddle. Baidu unveiled that Nvidia's Drive PX 2 AI will be
6300-729: The development of autonomous driving software. It is designed to accommodate vehicle segments from B through E using a variety of lengths, widths, and heights. Foxtron offers a software development kit for the platform named "EVKit". The onboard software is designed to be upgradable and interface with vehicle subsystem controllers, including the Vehicle Control Unit (powertrain), Electronic Stability Control (braking), Electric Power Steering, and Body Component Module (doors); it receives inputs from various modules that report vehicle states and other sensors which may include cameras, radar, and/or LiDAR. Vehicles developed by Foxtron using
6405-474: The enhancement of the competitiveness of Foxconn's "3+3" strategy. Foxconn's 2Q24 revenue was NT$ 1.551 trillion (US$ 31.17 billion). Circuits Assembly magazine named Foxconn the largest electronics manufacturing services company in the world for the 14th straight year. On 5 February 2020, Foxconn started producing medical masks and clothing at its Shenzhen factory in China during the Chinese New Year and
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#17331193217996510-664: The export control list. The next month, the company unveiled a new advanced chip in China, called the A800 GPU, that met the export control rules. In September 2023, Getty Images announced that it was partnering with Nvidia to launch Generative AI by Getty Images, a new tool that lets people create images using Getty's library of licensed photos. Getty will use Nvidia's Edify model, which is available on Nvidia's generative AI model library Picasso. On September 26, 2023, Denny's CEO Kelli Valade joined Huang in East San Jose to celebrate
6615-459: The first GPUs of the GeForce 10 series , the GTX 1080 and 1070, based on the company's new Pascal microarchitecture. Nvidia claimed that both models outperformed its Maxwell -based Titan X model; the models incorporate GDDR5X and GDDR5 memory respectively, and use a 16 nm manufacturing process. The architecture also supports a new hardware feature known as simultaneous multi-projection (SMP), which
6720-545: The first five years of their operations. In November 2023, Foxconn announced a $ 1.54 billion investment in India to "help it fulfil 'operational needs.'" In August 2024, Foxconn showed interest in investing in Hyderabad, as confirmed by the Telangana government. Chairman Young Liu met with Chief Minister A Revanth Reddy , discussing plans for a new "fourth city" near Hyderabad. Foxconn and Sharp Corporation jointly operate two manufacturing plants specializing in large-screen televisions in Sakai, Osaka . In August 2012, it
6825-589: The first time three self-developed EV models: the Model C recreational vehicle, the Model E sedan, and the Model T electric bus. In January 2021, Foxconn and Geely Holding Group signed a strategic cooperative agreement and will establish a joint venture company to provide OEM and customized consulting services relating to whole vehicles, parts, intelligent drive systems, and automotive ecosystem platforms to global automotive enterprises and ridesharing companies. In February 2021, it announced an agreement with EV startup Fisker Inc. to jointly produce more than 250,000 vehicles
6930-413: The foundation of its autonomous-vehicle platform. Nvidia officially released the Titan V on December 7, 2017. Nvidia officially released the Nvidia Quadro GV100 on March 27, 2018. Nvidia officially released the RTX 2080 GPUs on September 27, 2018. In 2018, Google announced that Nvidia's Tesla P4 graphic cards would be integrated into Google Cloud service's artificial intelligence. In May 2018, on
7035-482: The founding of Nvidia at Denny's on Berryessa Road, where a plaque was installed to mark the relevant corner booth as the birthplace of a $ 1 trillion company. By then, Nvidia's H100 GPUs were in such demand that even other tech giants were beholden to how Nvidia allocated supply. Larry Ellison of Oracle Corporation said that month that during a dinner with Huang at Nobu in Palo Alto , he and Elon Musk of Tesla, Inc. and xAI "were begging" for H100s, "I guess
7140-441: The globe. The majority of Foxconn's factories are located in East Asia, with others in Brazil, India, Europe, and Mexico. Foxconn has 12 factories in nine Chinese cities—more than in any other country. The largest Foxconn factory is located in Longhua Subdistrict, Shenzhen , where hundreds of thousands of workers (varying counts include 230,000, 300,000, and 450,000) are employed at the Longhua Science & Technology Park ,
7245-404: The height of the COVID-19 pandemic . The company initially said the masks it makes would be for internal employee use. The outbreak of coronavirus disease 2019 led to a worldwide spike in demand for masks, resulting in global shortages. In a letter to employees, Chairman Young Liu said, "I remember clearly how touching it was when Longhua Park produced our first mask at 4:41am on 5 February. It
7350-543: The high-end Model E sedan , which was styled by the Italian studio Pininfarina . The start of trial testing of the Model T bus was scheduled for 2022; the first buses were delivered to transit agencies in the southern Taiwan cities of Kaohsiung and Tainan in March and October 2022 and one was imported to Bali to transport guests for the G20 Summit that November. Foxconn purchased the former Lordstown Assembly factory in Lordstown, Ohio from Lordstown Motors in May 2022, with plans for Foxconn to take over assembly of
7455-510: The important milestones for Foxconn occurred in 2001 when Intel selected the company to manufacture its Intel -branded motherboards instead of Asus . By November 2007, Foxconn further expanded with an announced plan to build a new US$ 500 million plant in Huizhou , Southern China. In January 2012, Foxconn named Tien Chong (Terry) Cheng chief executive of its subsidiary FIH Mobile Limited. At this time, Foxconn made up approximately 40% of worldwide consumer electronics production. Expansion
7560-548: The intellectual assets of its one-time rival 3dfx , a pioneer in consumer 3D graphics technology leading the field from the mid-1990s until 2000. The acquisition process was finalized in April 2002. In 2001, Standard & Poor's selected Nvidia to replace the departing Enron in the S&;P 500 stock index, meaning that index funds would need to hold Nvidia shares going forward. In July 2002, Nvidia acquired Exluna for an undisclosed sum. Exluna made software-rendering tools and
7665-566: The joint venture's first EV would be a transit bus in February 2021. In mid-October 2021, during the next HHTD, held in the capital of Taiwan , Taipei , the Foxtron brand was officially launched with a goal to launch a range of electric cars and buses manufactured in Thailand starting from 2023. At HHTD 2021, Foxtron showed three prototype EVs: the Model C crossover utility vehicle , the Model T bus, and
7770-476: The late 1990s, Nvidia was one of 70 startup companies chasing the idea that graphics acceleration for video games was the path to the future. Only two survived: Nvidia and ATI Technologies , which merged into AMD. Nvidia initially had no name and the co-founders named all their files NV, as in "next version". The need to incorporate the company prompted the co-founders to review all words with those two letters. At one point, Malachowsky and Priem wanted to call
7875-490: The mobility industry, with more than 2,200 companies joining the open standard since its launch. The company announced plans to become more involved as a contract assembler of EVs. In the same year, Foxconn partnered with Fiat Chrysler Automobiles N.V. and Yulon Group for a move into EVs. Foxconn has been holding the Hon Hai Tech Day (HHTD) event since 2020 to showcase its latest achievements. In HHTD21, Foxconn introduced for
7980-462: The most computationally challenging problems and would have incredibly high sales volume. Those two conditions don’t happen very often. Video games was our killer app — a flywheel to reach large markets funding huge R&D to solve massive computational problems." With $ 40,000 in the bank, the company was born. The company subsequently received $ 20 million of venture capital funding from Sequoia Capital , Sutter Hill Ventures and others. During
8085-436: The new chairman of the Group, which was then ranked 25th among Forbes Top 100 Digital Companies. Soon afterward, Foxconn, led by Young Liu, introduced its "3+3" Model for Transformation, prioritizing the three key industries: electric vehicles, digital health, and robotics industries. The Group is also committed to developing artificial intelligence, semiconductors, and next-generation communication technologies, building blocks in
8190-514: The new laptop is going to be seven times faster than a top-end MacBook Pro with a Core i9 and AMD's Radeon Pro Vega 20 graphics in apps like Maya and RedCine-X Pro. In August 2019, Nvidia announced Minecraft RTX , an official Nvidia-developed patch for the game Minecraft adding real-time DXR ray tracing exclusively to the Windows 10 version of the game. The whole game is, in Nvidia's words, "refit" with path tracing , which dramatically affects
8295-505: The past", and that Apple was developing its own GPU technology. Without Apple-approved Nvidia web drivers, Apple users are faced with replacing their Nvidia cards with a competing supported brand, such as AMD Radeon from the list recommended by Apple. On March 11, 2019, Nvidia announced a deal to buy Mellanox Technologies for $ 6.9 billion to substantially expand its footprint in the high-performance computing market. In May 2019, Nvidia announced new RTX Studio laptops. The creators say that
8400-566: The personnel were merged into the Cg project. In August 2003, Nvidia acquired MediaQ for approximately US$ 70 million. On April 22, 2004, Nvidia acquired iReady, also a provider of high-performance TCP offload engines and iSCSI controllers. In December 2004, it was announced that Nvidia would assist Sony with the design of the graphics processor ( RSX ) for the PlayStation 3 game console. On December 14, 2005, Nvidia acquired ULI Electronics , which at
8505-521: The plant to produce Lordstown's Endurance pickup truck. Fisker vehicles would also be made at the same plant. In January 2022, Foxconn signed an MoU with the Indonesian Ministry of Investment/BKPM, IBC, Indika, and Gogoro to jointly develop a sustainable new energy ecosystem in Indonesia that focuses on electric batteries, electric mobility, and associated industries. In May 2022, Foxconn announced
8610-527: The production of iPhones in Sriperumbudur , near Chennai. In April 2019, Foxconn reported that they are ready to mass-produce newer iPhones in India. Its Chairman, Terry Gou , said that the manufacturing will take place in the southern city of Chennai. In September 2022, Foxconn signed a deal for a semiconductor plant in Gujarat with an investment of $ 21 billion, by Vedanta Group . In July 2023, Foxconn made
8715-624: The proposed takeover of Arm was stalled after the UK's Competition and Markets Authority raised "significant competition concerns". In October 2021, the European Commission opened a competition investigation into the takeover. The Commission stated that Nvidia's acquisition could restrict competitors' access to Arm's products and provide Nvidia with too much internal information on its competitors due to their deals with Arm. SoftBank (the parent company of Arm) and Nvidia announced in early February 2022 that they "had agreed not to move forward with
8820-515: The ratio of 1.2 to 1 for other companies. As of 4 October 2017, Foxconn agreed to locate their plant in Mount Pleasant, Wisconsin , and broke ground for the plant 28 June 2018. President Trump was in attendance to promote American manufacturing. In January 2019, Foxconn said it was reconsidering its initial plans to manufacture LCD screens at the Wisconsin plant, citing high labour costs in
8925-869: The retirement of founder Terry Gou, effective on 1 July 2019. Young Liu was the special assistant to former chairman Terry Gou and the head of business group S (semiconductor). Analysts said the handover signals the company's future direction, underscoring the importance of semiconductors , together with technologies like artificial intelligence , robotics , and autonomous driving , after Foxconn's traditional major business of smartphone assembly has matured. Terry Gou established Hon Hai Precision Industry Co., Ltd. as an electrical components manufacturer in 1974 in Taipei, Taiwan. Foxconn's first manufacturing plant in Mainland China opened in Longhua Town, Shenzhen , in 1988. One of
9030-403: The same month, Foxconn and Gogoro formed a strategic technology and manufacturing partnership to introduce new levels of manufacturing capabilities and scale for Gogoro battery swapping technologies and Smart Scooters. In October 2021, it agreed to purchase a former GM auto plant from Lordstown Motors and to purchase $ 50 million of the company's common stock. Under the agreement, Foxconn would use
9135-464: The termination of the deal in February 2022 in what would have been the largest semiconductor acquisition. In 2023, Nvidia became the seventh public U.S. company to be valued at over $ 1 trillion , and the company's valuation has skyrocketed since then as the company became a leader in data center chips with AI capabilities in the midst of the AI boom . In June 2024, for one day, Nvidia overtook Microsoft as
9240-427: The time supplied third-party southbridge parts for chipsets to ATI , Nvidia's competitor. In March 2006, Nvidia acquired Hybrid Graphics . In December 2006, Nvidia, along with its main rival in the graphics industry AMD (which had acquired ATI), received subpoenas from the U.S. Department of Justice regarding possible antitrust violations in the graphics card industry. Forbes named Nvidia its Company of
9345-452: The transaction 'because of significant regulatory challenges'". The investigation is set to end on March 15, 2022. That same month, Nvidia was reportedly compromised by a cyberattack. In March 2022, Nvidia's CEO Jensen Huang mentioned that they are open to having Intel manufacture their chips in the future. This was the first time the company mentioned that they would work together with Intel's upcoming foundry services. In April 2022, it
9450-517: The trustee of 3dfx's bankruptcy estate to challenge its 2000 acquisition of 3dfx's intellectual assets. On November 6, 2014, in an unpublished memorandum order, the U.S. Court of Appeals for the Ninth Circuit affirmed the "district court's judgment affirming the bankruptcy court's determination that [Nvidia] did not pay less than fair market value for assets purchased from 3dfx shortly before 3dfx filed for bankruptcy". On May 6, 2016, Nvidia unveiled
9555-467: The usual scrutiny, with the latter retaining a 10% share of Nvidia. In October 2020, Nvidia announced its plan to build the most powerful computer in Cambridge , England. The computer, called Cambridge-1, launched in July 2021 with a $ 100 million investment and will employ AI to support healthcare research . According to Jensen Huang, "The Cambridge-1 supercomputer will serve as a hub of innovation for
9660-462: The way light, reflections, and shadows work inside the engine. In May 2020, Nvidia announced it was acquiring Cumulus Networks . Post acquisition the company was absorbed into Nvidia's networking business unit, along with Mellanox . In May 2020, Nvidia's developed an open-source ventilator to address the shortage resulting from the global coronavirus pandemic . On May 14, 2020, Nvidia officially announced their Ampere GPU microarchitecture and
9765-423: The world's most valuable publicly traded company , with a market capitalization of over $ 3.3 trillion. Nvidia was founded on April 5, 1993, by Jensen Huang (CEO as of 2024 ), a Taiwanese-American electrical engineer who was previously the director of CoreWare at LSI Logic and a microprocessor designer at AMD ; Chris Malachowsky , an engineer who worked at Sun Microsystems ; and Curtis Priem , who
9870-403: The wrong technology, Nvidia was confronted with a painful dilemma: keep working on its inferior chip for the Dreamcast even though it was already too far behind the competition, or stop working and run out of money right away. Eventually, Sega's president at the time, Shoichiro Irimajiri , came to visit Huang in person to deliver the news that Sega was going with another graphics chip vendor for
9975-518: Was completed in May 2022 for a final price of $ 230 million. It was announced Foxconn would also invest $ 50 million into the company through a purchase of common stock. The following list consists of Foxconn's present or past major customers. The list is provided in alphabetical order. Their country of origin or base of operations is in parentheses. FIH Mobile is a subsidiary of Foxconn, offering services such as product development and after-sales support. It
10080-490: Was estimated to contribute significantly to air pollution in the region. Environmentalists criticised the decision to allow Foxconn to draw 26,000 cubic metres (7 × 10 ^ US gal) of water per day from Lake Michigan . Given water concerns, Foxconn is spending $ 30 million on zero liquid discharge technology. Foxconn is also required to replace wetlands at a higher ratio than other companies; Foxconn must restore 2 acres of wetland for every 1 acre disturbed instead of
10185-460: Was formed that November, using an outsourcing business model which the company calls Commissioned (or Contract) Design and Manufacturing Service (CDMS), under which Foxtron assumes the vehicle engineering design, styling, component supply chain management, and production management roles, while manufacturing is performed by another company. This leaves the automobile manufacturer responsible solely for marketing and after-sales service. Sources leaked
10290-555: Was further pursued after a March 2012 acquisition of a 10-percent stake in the Japanese electronics company Sharp Corporation for US$ 806 million and to purchase up to 50 percent of the LCDs produced at Sharp's plant in Sakai, Japan . However, the agreed deal was broken as Sharp's shares continued to plunge in the following months. In September 2012, Foxconn announced plans to invest US$ 494 million in
10395-640: Was incorporated in the tax haven of the Cayman Islands in 2000. On 18 May 2016, FIH Mobile announced the purchase of Microsoft Mobile 's feature phone business. Microsoft Mobile Vietnam is also part of the sale to FIH Mobile, which consists of the Hanoi , Vietnam manufacturing facility. The rest of the business has been sold to a new Finland -based company HMD Global , which started developing and selling new Nokia-branded devices in early 2017. The total sale to both companies amounted to US$ 350 million. FIH Mobile
10500-419: Was later informed by Sharp's legal representative to Foxconn, the deal was halted by Foxconn's board of directors. Foxconn asked to call off the deal, but it was proceeded by the former Sharp president. Terry Gou, in the meeting, then wrote the word "義", which means "righteousness", on the whiteboard, saying that Foxconn should honor the deal. A month later, on 30 March 2016, the deal was announced as finalized in
10605-598: Was later moved to Oragadam ( Kanchipuram ) in 2019. As of mid-2015, Foxconn was in talks to manufacture Apple 's iPhone in India. In 2015, Foxconn announced that it would be setting up twelve factories in India and would create around one million jobs. It also discussed its intent to work with the Adani Group for expansion in the country. In August 2015, Foxconn invested in Snapdeal . In September 2016, Foxconn started manufacturing products with Gionee . In 2017, Foxconn started
10710-507: Was previously a senior staff engineer and graphics chip designer at IBM and Sun Microsystems. The three men agreed to start the company in a meeting at a Denny's roadside diner on Berryessa Road in East San Jose . At the time, Malachowsky and Priem were frustrated with Sun's management and were looking to leave, but Huang was on "firmer ground", in that he was already running his own division at LSI. The three co-founders discussed
10815-563: Was reported that Nvidia planned to open a new research center in Yerevan, Armenia . In May 2022, Nvidia opened Voyager, the second of the two giant buildings at its new headquarters complex to the west of the old one. Unlike its smaller and older sibling Endeavor, the triangle theming is used more "sparingly" in Voyager. In September 2022, Nvidia announced its next-generation automotive-grade chip, Drive Thor . In September 2022, Nvidia announced
10920-557: Was reported that Sharp, while doing corporate restructuring and downsizing, was considering selling the plants to Foxconn. The company was believed to be receptive to the plan. The acquisition was completed with a $ 3.8 billion deal in August 2016. As of 2011, Foxconn had at least seven factories in the Johor state, at Kulai , where it is developing an industrial park that includes four factories that comprise fully automated assembly lines as well as fully automated packaging lines. Foxconn has
11025-998: Was the simplest yet most important product Foxconn has ever made. It not only supplied the group's need for epidemic prevention it also contributed to the general public and boosted the morale of the group. All that resulted from our colleagues' hard work." Following almost a year of public controversy regarding its COVID-19 vaccine shortage ; in June 2021, Taiwan agreed to allow founder Terry Gou, through his Yongling Foundation charity, to join with contract chip maker TSMC , and negotiate purchasing COVID-19 vaccines on its behalf. In July 2021, BioNTech 's Chinese sales agent Fosun Pharma announced that Foxconn and TSMC had reached an agreement to purchase 10 million BioNTech COVID-19 vaccines from Germany for Taiwan. The two technology manufacturers pledged to each buy five million doses for up to $ 175 million, for donation to Taiwan's vaccination program. In 2020, Foxconn initiated MIH Alliance to create an open EV ecosystem that promotes collaboration in
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