Siemens and Hon Hai Technology Group (Foxconn) have signed a memorandum of understanding (MoU) to drive digital transformation and sustainability in smart manufacturing platforms. The collaboration focuses on global manufacturing processes in electronics, information and communications technology, and electric vehicles (EV). Siemens and Foxconn are cooperating to establish a scalable and seamless engineering and manufacturing ecosystem.
Roland Busch, President and CEO of Siemens, emphasized the significance of this partnership: "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.”
“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," said Young Liu, Chairman and CEO of Foxconn.
This MoU identifies key collaboration areas to increase the level of automation within Foxconn's facilities. These areas include electronics manufacturing services (EMS) and contract design and manufacturing service (CDMS), which is Foxconn’s innovative business model for electric vehicles. Both companies will explore initiatives to work towards the factory of the future by implementing Siemens' leading factory automation portfolio and industrial software, including building blocks such as digital twin technology and AI. Siemens Xcelerator, with its comprehensive suite of software and solutions, will play a pivotal role in optimizing Foxconn's engineering and manufacturing workflows, facilitating efficiency and agility across its operations.
The collaboration aims to leverage how Siemens' technical expertise can enhance Foxconn’s sustainability performance, contributing to energy savings and reduced CO2 footprint. This partnership involves establishing transparent monitoring processes and applying professional services and digital solutions, as both companies work towards a greener future for electronics manufacturing.
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