Siemens and Foxconn have recently entered into a memorandum of understanding (MoU) to establish standards for the digital factory of the future and manufacturing processes. This collaboration brings together two industry giants to drive innovation and efficiency in the electronics manufacturing sector.
Hon Hai Technology Group, commonly known as Foxconn, stands as the world's largest electronics manufacturer, renowned for producing iconic devices such as iPhones and venturing into electric vehicles. The partnership with Siemens is strategically aimed at standardizing global manufacturing processes in electronics, information and communications technology, and electric vehicles (EV).
Utilizing the cutting-edge technology within the Siemens Xcelerator eco-system, including digital twin and AI technologies for factory automation, the collaboration will focus on enhancing electronics manufacturing services (EMS) and contract design and manufacturing service (CDMS) for electric vehicles. This strategic move is set to revolutionize the industry's operational standards.
By leveraging Siemens' factory automation portfolio and industrial software, Foxconn aims to optimize its engineering and manufacturing workflows, paving the way for the factory of the future. The joint efforts of both companies will drive efficiency and sustainability, with a particular emphasis on reducing energy consumption and carbon emissions through transparent monitoring processes.
“We believe in the power of ecosystems to drive digital and sustainability transformation and scale technology. Our partnership underscores our commitment to shape the future of electronics manufacturing. We will support customers with greater efficiency and speed due to optimized engineering and manufacturing workflows,” said Roland Busch, President and CEO of Siemens.
Young Liu, Chairman and CEO of Hon Hai Technology Group (Foxconn), expressed his enthusiasm for the collaboration, stating, “Foxconn is transforming into a platform solutions provider for smart manufacturing, smart EV, and smart city. Joining forces with Siemens accelerates our digital transformation journey and opens up new possibilities for innovation and sustainability.” This partnership signifies a significant step towards industry-wide transformation and progress.