Take you to the "Business Empire" of "The King of Foundry" Guo Taiming

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/ 2019-04-22 / News

How many companies does Guo Taiming have? Even if this problem is inside Foxconn's staff, it may be difficult to make it clear that a joke that has been circulated internally is that "the companies that start with rich words in various technology companies' rankings may be Guo Taiming's." /p>

 

As a "regular guest" on Forbes' global rich list, the 69-year-old Guo Taiming's recent worth has climbed to 7.7 billion, ranking 213 in the world, from a production The small boss of plastic products grew to be the helm of Foxconn, a world-renowned foundry giant. He spent nearly 50 years, but it didn't stop there.

 

On April 17, according to the latest news of the People’s Daily, Hon Hai’s Chairman, Guo Taiming, announced his participation after the KMT’s Central Party Department accepted the honorary certificate issued by Party Chairman Wu Dunyi. The 2020 primary leader of the Kuomintang Party in Taiwan. As soon as the news came out, it triggered fluctuations in the stock of Foxconn.

 

On the evening of the 17th, for the market rumor that Guo Taiming resigned as chairman, Hon Hai Precision Industry Co., Ltd. (2317.TW) issued a notice saying thatThe company's various business groups operate independently, and the daily operations are handled by professional managers. "With regard to the personal career planning of the chairman, if specific information is available, it will be handled according to regulations."

 

It is reported that once Guo Taiming is registered as a formal candidate, he or she needs to declare himself and Property for spouses, minors, ships, cars and aircraft, cash of a certain amount or more, deposits, securities, jewellery, antiques, calligraphy and paintings. Although there is no requirement to resign from the position of chairman of the board of directors, it is clear that Guo Taiming will shift more energy from corporate governance to the election in the coming year.

 

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Public information shows that Foxconn currently has at least 200 production sites and subsidiaries worldwide.The number of employees has reached 1.4 million. In addition to the foundry business, the business scope also touched on artificial intelligence, big data, smart home, robots, 5G, screens, etc., radiating parts of Japan, the United States, India, Europe and so on. At the same time, in the capital market, relying on the parent company of the foundry business, through the continuous spin-off of hundreds of companies, Foxconn has more than 10 subsidiaries in the capital market, including the mainland, Hong Kong and other places.

 

And Guo Taiming himself is active in the front line all the year round, and with the soft silver chairman Sun Zhengyi, Alibaba founder Ma Yun "knot" into the field of robotics, even the US president Rump, also known as Guo Taiming as "his friend", praised him as "one of the greatest businessmen in the world."

 

"The King of Foundry"

 

Talk about Apple's generation At the factory, many people think of Foxconn as the first time.

 

From a small factory in the mountainous area of Xixiang, Shenzhen, it has grown to an annual income of nearly 900 billion yuan.With a "super enterprise" with 1.2 million employees, it can be said that Guo Taiming created the "Foxconn model."

 

"In 1988, I invested in Shenzhen Baoan to open the first factory in mainland China. When I first came here, it was a mountain, a decent one. There are no roads. When it rains, it is muddy. Everyone has to wear big rain boots. However, there were not many complete roads in Shenzhen at the time. Unlike now, it is difficult to find a broken road. "Guo Taiming said that in the past few decades, Foxconn's accumulated technical experience and craftsmanship in the field of manufacturing and processing are the most valuable assets of Foxconn.

 

In the book "Guo Taiming and Foxconn", the work mode of craftsmen in the past is like an acre of farmland cultivated by manpower, after rice heading, Farmers like to use the sickle to harvest the results, but Foxconn's approach is to use automated machinery to plough the field, use the rice cutting machine when scioning, and most importantly, the quality of the mass-produced products is comparable to the skill of the craftsmen. In a sense, Foxconn is like a global army that drives a lawn mower.Let the Japanese farmer with the sickle feel overwhelmed.

 

In the past, the advantage of this 24-hour shift, mass production, and fast delivery of the sea tactics was not only for Japan’s finely crafted, limited-production Craftsmen have caused threats and defeated foundry giants like Flextronics.

 

But this situation changed in 2006 and 2007: workers are reluctant to work overtime. Young people feel that working overtime is too tired to go out to play. This is the second generation of industrial workers. When these children were young, their parents were working outside, and they were often left in their hometowns. They were brought up by grandparents and grandparents. At their age, the palms are up, and it is better to find out what to ask for. The needs of the workers have gradually shifted from the beginning of the reform and opening up to the pursuit of spiritual satisfaction. Monotonous manual labor is hard to attract their interest.

 

"Workers are not well managed" is just a microcosm of Foxconn's foundry model entering the bottleneck period, so that Guo Taiming feels that the real anxiety is Foxconn's most brilliant era. Going back.

 

In 2013, Hon Hai’s share price suffered a setback due to lower revenue and earnings, and it fell 64.39%. At an eight-hour general meeting, Guo Taiming apologized to shareholders and announced a resolution to restructure the business structure, reducing dependence on Apple's product manufacturing, focusing on the development of new technologies, intellectual property and e-commerce. on.

 

According to the plan announced by Guo Taiming at the time, the organizational structure of Hon Hai in the future will no longer be based on M&A expansion, but on mature products, industries or businesses. After separation, decentralization, and separation, each sub-group can grow healthily. In each sub-group, a president will be born. At the same time, the financial, patent and other parts will still be controlled by the parent company of the group.

 

Find the next "Apple"

 

Where is the next apple? ? For Guo Taiming, this question is not a good answer. But for Foxconn at this time, avoiding too much of a single business has become a strategic task.

 

According to the public information, among the Hon Hai mainland subsidiaries that can be inquired, it is roughly distributed in four major districts: one is based in Shenzhen, supplemented by Pearl River Delta cities such as Dongguan, Foshan and Huizhou. In the South China region of the circle, the region currently covers the development, processing and manufacturing of most 6C products and accessories; the second category begins in 1992, with Kunshan as the core, supplemented by the Yangtze River Delta such as Shanghai, Huai'an, Changshu and Hangzhou. The East China area of the city circle, which is mainly engaged in the production of portable computers and components; the third category began in the late 1990s, with Yantai as the core, supplemented by Jincheng, Langfang, Dalian, Tianjin, Qinhuangdao, Yingkou, etc. The Bohai City area, which mainly focuses on mobile devices such as mobile phones and communications, and R&D and manufacturing of emerging industries such as new energy; the fourth category is based on Taiyuan and Wuhan, supplemented by Jincheng, Chongqing and Chengdu. Inland areas, according to Foxconn, the region will focus on the R&D and production of the domestic demand market in the future.

 

In addition to the foundry business, in recent years, Guo Taiming has also appeared frequently in many IoT and cloud computing key industry conferences for his own "Industrial Internet of Things". Strategic platform.He likes to give an example: Tencent is a social networking site between people. Ma Yun is between people and things, but Foxconn is making people and things, communication with machines and equipment, and one more. When Foxconn connected the machines in tandem, the machines were connected, and there was a message. Like an elephant, its neural network was very developed, so the elephant stepped on a small stone and it would jump right away.

 

Guo Taiming believes that the development of the manufacturing industry cannot be separated from the industrial upgrading. The industrial upgrading cannot be separated from the industrialization and networkization of the industry. Less and less, the most efficient is to push the unmanned factory as much as possible, or replace the manpower with machinery."

 

In other words, compared to other business segments, the Industrial Internet It is an important platform to carry the transformation of Foxconn.

 

In addition, 8K ecology and robots are also a new direction that Guo Taiming values more. The acquisition of Sharp and the investment of 61 billion yuan to build an 8K eco-industrial park are very big.

 

Guo Taiming once told the First Financial Reporter thatThe 8K HD panel is the basis for collecting some image data, and the most valuable data in the future is the image.

 

In his opinion, 8K is more than just a product upgrade. The 8K ultra-high-definition image LCD screen will bring a video data revolution to the fields of industrial internet, car networking, entertainment, medical, social, education, security, etc. The market will reach 35.8 trillion yuan. In the ecological laboratory established by Foxconn and Shenzhen, the future 8K Internet TV system will be operated by Foxconn itself, and such industrial transformation will also drive Foxconn's overall transformation and upgrading.

 

The investment in Wisconsin is also a step in the layout of Guo Taiming. Foxconn said that from the new generation of TV sets to autonomous vehicles, flight systems, to smart education, entertainment, medical health, advanced manufacturing systems, as well as office automation, interactive new retail, safe living, etc., the LCD panels produced by the factory will be in the future. Widely used in many high-tech fields that affect consumers' daily lives.

 

In the field of machines,Foxconn also has its own layout rhythm. Internally, Foxconn is divided into two blocks, which are dedicated to the products used in the factory. However, due to the demand of the factory, it is still not fully available, and will not be sold in the short term. However, Guo Taiming said that he will continue to cooperate with the outside world in the robot market, which is closely related to family life, such as business, medical care or daily companionship.

 

A person in the industry said that the market for robotics is the largest in Japan, and the United States, Europe and mainland companies are ranked 2nd, 3rd, and 4th respectively. Companies in the top 4 regions have achieved market share of more than 80%. How to strengthen the further strategic alliance relationship with Japanese and American related companies is an important key for Foxconn to catch up with the expansion of the robot business. This is why Guo Taiming actively visited Japan.

 

Split and listing

 

held on June 22 last year At the general meeting of shareholders, in response to questions from shareholders on successors, Guo Taiming replied: "Because the next five years are a crucial transition period for Hon Hai,I have not considered retirement in the next 5 years. Moreover, I have previously promised that the stock price will be less than 200 yuan and will not retire. This promise will not change.

 

He said that cultivating successors is a problem that he personally thinks day and night, because of the need for artificial intelligence (AI) and Internet of Things (IoT) in the future. The cross-disciplinary talents, Hon Hai has started the cultivation of relevant talents, but at this stage can not tell them that "you are the successor."

 

But with the election decision At the end of the finalization, there are more and more conjectures about successors. Some people close to Foxconn told reporters that although Guo Taiming does not necessarily resign as chairman of the board

Keywords: Guo Taiming Foxconn
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