NEW TAIPEI CITY, Taiwan -- Key iPhone assembler Hon Hai Precision Industry, also known as Foxconn Technology Group, is putting its faith in industrial internet-based solutions as the company's new long-term growth driver, and looking beyond Apple as the slowing smartphone industry slows.
"We are in the process of corporate transformation. The industrial internet-centric business will be a success," Foxconn Chairman Terry Gou told shareholders during the company's annual general meeting on Friday.
