HON HAI PRECSON S/GDR NEW - HNHPF STOCK NEWS

Hon Hai Technology Group (Foxconn) has been recognized for excellence in investor relations, winning three major categories at the 2024 IR Magazine Awards for the Greater China region. The company secured awards for Best In Sector - Technology, Best IR Officer, and Best Use Of Technology Including AI. Foxconn was also nominated for Best Overall Investor Relations and Best ESG Reporting.

Among 16 Taiwanese companies nominated, Foxconn received the most nominations and was the only Taiwanese company to win awards, marking their fourth consecutive year of recognition. The company showcased its proprietary systems, including a Red Dot Design award-winning platform for tracking green goals and an AI-embedded platform for operational decision support.

Hon Hai Technology Group (Foxconn) showcased its space technology innovations at the 2nd annual Taiwan International Assembly of Space Science, Technology, and Industry (TASTI) as a title sponsor. The company presented its PEARL CubeSat technology, including in-orbit operation capabilities and satellite system integration. Foxconn displayed innovations from its industry partnerships, including a low-orbit satellite user terminal, Earth observation camera module, and space-grade components. The event highlights Foxconn's expansion into space communications and satellite technology, featuring collaborations with partners like MediaTek and Antaris.

Hon Hai Technology Group (Foxconn) has partnered with Taichung Veterans General Hospital and Cardinal Tien Hospital under Taiwan's 'Big A+' program to access the NVIDIA Taipei-1 supercomputer. The initiative aims to accelerate AI innovations in medicine. Ranked 38th globally among AI supercomputers, Taipei-1 features 64 NVIDIA DGX H100 systems and 256 NVIDIA L40 GPUs, delivering over a petaflop of AI performance. Foxconn plans to utilize this computing power for healthcare robotics, digital twin medical diagnostics, and developing their CoDoctor AI ecosystem.

Hon Hai Technology Group (Foxconn) unveiled two new reference electric vehicles at the fifth annual Hon Hai Tech Day (HHTD): the MODEL D, a lifestyle multipurpose utility vehicle, and the MODEL U, a midi-sized electric bus. Foxtron Vehicle Technologies, Foxconn's subsidiary, also showcased the first variant of the MODEL C for North American customers.

The MODEL D, designed with Pininfarina SpA, is 5.2 meters long with a 3.2-meter wheelbase and features a pneumatic suspension system. The MODEL U is designed for narrow urban lanes and remote areas, emphasizing flexibility and multi-functionality. The North American variant of the MODEL C is expected to be in mass production by the end of 2025.

These new models demonstrate Foxconn's range and maturity in automotive development, highlighting their Contract Design and Manufacturing Service (CDMS) business model.

Hon Hai Technology Group (Foxconn) has won a prestigious Red Dot Award: Brands & Communication Design for its proprietary Hon Hai Sustainable Monitoring Platform. This innovative ESG platform, operational since late 2023, provides real-time tracking of Foxconn's sustainability progress across its 205 locations in 24 countries. The platform features a user-friendly, Star Wars-like dashboard that translates complex ESG data into clear graphical representations.

The award coincides with Foxconn's 50th anniversary, highlighting the company's commitment to innovation in sustainability. The platform's intelligent data aggregation and analysis capabilities offer deep insights into each unit's ESG performance, supporting internal decision-making and ensuring the achievement of ESG objectives aligned with UN SDGs commitments.

Hon Hai Technology Group ("Foxconn") has completed independent audits at eight of its major manufacturing sites in China and India as part of its sustainability efforts. These audits, conducted by BSI and LRQA (formerly ELEVATE), found no major hidden risks but identified 144 deficiencies, primarily in health and safety and labor conditions. The audits, taking six months and covering over 200,000 employees, reviewed various aspects including labor rights, occupational health, environment, and supplier management. Foxconn has already addressed 49 of these deficiencies, with ongoing efforts to rectify the remainder. Future audits are planned for sites in Southeast Asia, Europe, and the United States to ensure comprehensive risk assessments and sustainable governance.

Hon Hai Technology Group, also known as Foxconn, announced plans to build an advanced computing center in Kaohsiung, Taiwan, utilizing the NVIDIA Blackwell platform. This collaboration was confirmed at COMPUTEX 2024, where CEOs from both companies reaffirmed their partnership. The center will feature 64 racks and 4,608 GPUs, aiming for completion by 2026. The initiative focuses on driving intelligent ecosystems, including AI, electric vehicles, smart factories, robotics, and smart cities. Foxconn will leverage NVIDIA's AI technology in its smart platforms, and the new center will become a benchmark for AI factories. The project will also utilize NVIDIA Omniverse and Isaac robotics platforms to introduce digital twin technologies for smart manufacturing and other applications.

Hon Hai Technology Group (Foxconn) announced on Earth Day 2024 that it will achieve 100% renewable electricity by 2040, joining the global initiative RE100. With over 40% of its power consumption already coming from green energy, Foxconn is committed to sustainability and environmental leadership. The company's efforts align with various international initiatives, showcasing its dedication to a greener future.

Indigo Technologies receives a strategic investment from Foxconn to accelerate the development of breakthrough Smart EVs with SmartWheels™ technology, aiming to revolutionize sustainable transportation services.