Hon Hai Precision Industry, better known to much of the world as Foxconn, has come second in Business Week's InfoTech 100 rankings.
As recently as a year ago, the majority of our readers might not have known who Foxconn were, but rest assured they're a continually growing force to be reckoned with. Now they are more prominent in e-tail outlets, manufacturing motherboards headed straight for enthusiasts and other consumers; just part of their portfolio.
So what's this InfoTech ranking about? Companies are ranked based on return on equity, shareholder return, revenue growth and total revenues. So, the more you increase your revenue and the happier you make your shareholders, the higher you are up the ranking.
With that in mind, then, Hon Hai Precision Industry will be chuffed to be ranked second, below Mexican telecommunications firm América Móvil and above another Taiwanese firm, High Tech Computer.
Foxconn aren't standing still on this news either, they're intent on continued growth:
The company is moving fast and has no intention of slowing down as it was revealed that the company is acquiring Premier Image Technology Corp., Taiwan's leading producer of digital still cameras.
Let's see where they're ranked next year...
