The Seventh Anniversary of Fii's Listing: Chairman's Letter on AI's Historic Opportunity
Table of Contents
You might want to know
- Why is AI referred to as the most certain historic opportunity?
- How does Fii integrate innovation and sustainability into its strategy?
Main Topic
Today marks the seventh anniversary of the initial public offering of Foxconn Industrial Internet (Fii), the subsidiary of Foxconn (2317-TW). On this occasion, Chairman Zheng Hong-Meng shared a commemorative letter titled “United We Advance Towards a ‘7ful’ Future” with his colleagues. In this message, he highlighted AI as the most certain historic opportunity of our time while encapsulating the company's future within the letters 'Fii'—Future, Innovate, Invaluable.
Over the past year, Fii has achieved remarkable growth, setting four new records in revenues, AI business development, shareholder returns, and ESG ratings. These successes were accomplished amidst a complex external environment. Expressing gratitude to the management and the families supporting the employees, Chairman Zheng underscored the pivotal role of AI.
He acknowledged the progress made but stressed that significant challenges still lie ahead due to rapid technological changes and global uncertainties. Some people feel excited and hopeful, while others face confusion and hesitation. From a historical perspective, societal advancements occur in an upward spiral, balancing opportunity with risk. AI represents the most definitive opportunity of this era, and Fii's potential is embodied in these three letters.
The 'F' in Fii stands for 'Future,' highlighting the company's commitment to a global vision and leadership. Businesses striving to lead must adopt a globalization strategy, focusing on not just efficiency and scale, but also on industry chains, corporate culture, and comprehensive strength. Those succeeding in global resource integration and market service will excel amidst fierce competition.
Since its listing, Fii has adhered to the strategy of 'Deeply Rooted in Mainland China, Expanding Globally.' The future will see increased investments to deepen industry positioning domestically while solidifying advancements abroad. Expanding global capacity will enhance responses to client needs, further strengthening the company's role in the global industry chain.
'I' for 'Innovate' underscores AI-driven continuous innovation as the source of sustainable growth. Amid changing external conditions, innovation is critical for corporate survival and progress. Therefore, Fii prioritizes technological innovation, striving for breakthroughs across more domains with deeper intensity.
Persisting in AI-driven innovative development is essential for Fii to maintain its leading position in the AI industry. This involves substantial research investments, deepening customer partnerships to jointly advance AI technologies, and integrating AI into operational processes. Leveraging AI advances accelerates digital transformation, catalyzing comprehensive transformations in technology, products, business, and markets.
Lastly, 'I' for 'Invaluable' signifies enduring development and shared value, where creating value means more than just top-tier products and services. Companies must embody sustainable development principles, fostering long-term value fulfilling employee, investor, and societal expectations for a win-win outcome.
Fii is committed to the 'EPS+ESG' sustainable operation equation, pursuing economic benefits while setting benchmarks in environmental protection, social responsibility, and corporate governance. Maximizing business and societal value integration aims at establishing a globally recognized sustainable brand, rooted in the principles of 'Data-Driven, Green Development.' The vision is for a 'greener, more harmonious, and more standardized' ESG future.
Chairman Zheng concluded his letter with a poignant note: in this AI race, we are not just witnesses but active participants and advocates. With determination and unity, he urged colleagues to embrace the AI wave, steering steadily towards the goal of becoming a world-class enterprise.
Key Insights Table
| Aspect | Description |
|---|---|
| AI as Historic Opportunity | AI is highlighted as the most certain and significant opportunity of the current era. |
| Three Pillars of Fii | Future, Innovate, and Invaluable—embodying global leadership, continuous innovation, and shared value respectively. |
Afterwards...
Looking to the future, it is crucial to focus on advancing AI technologies further and exploring their broader applications across various fields. This involves not just investing in technology but also understanding how AI can transform industries, improve efficiencies, and create new value paradigms. Exploration in these areas will help unlock potential that can be harnessed for both commercial success and societal benefit, ensuring that as we advance, we do so with a sense of responsibility towards global welfare and sustainability.