Today, Foxconn Technology Group and Heraeus, two leading global technology groups, signed a Memorandum of Understanding for a strategic cooperation. Both companies are committed to shaping the future of 5G technology together.
Foxconn and Heraeus aim to jointly develop new market potential in the field of 5G telecommunications and collaborate to test solutions in order to accelerate the development process. A first area of cooperation will be the shielding of electromagnetic interference (EMI) – a key technology for 5G mobile phones.
“Foxconn and Heraeus share the same vision of bettering people’s lives with advancement and application of technologies,” said Max Chu, Chief Procurement Officer at Foxconn. “We aim to leverage each company’s expertise, innovative ability and constant striving for improvement.”
“With 5G technology we are entering a new era of connectivity,” said Frank Stietz, President of Business Area Electronics at Heraeus. “Strong partnerships like this will help us to jointly develop innovative solutions needed by manufacturers in the upcoming years.”
Prior to the signing of the Memorandum of Understanding, Foxconn and Heraeus have cooperated in jointly exhibiting selected technologies at China International Import Exhibition (CIIE) in Shanghai, China this year.
A globally leading technology group, Heraeus is headquartered in Hanau, Germany. Founded in 1851, it is a family-owned portfolio company which traces its roots back to a pharmacy opened by the family in 1660. Today, Heraeus combines businesses in the environmental, energy, electronics, health, mobility and industrial applications sectors.
In the 2018 financial year, Heraeus generated revenues of €20.3 billion. With approximately 15.000 employees (including staff leasing) in 40 countries, the FORTUNE Global 500-listed company holds a leading position in its global markets. Heraeus is one of the top 10 family-owned companies in Germany.
With technical expertise, a commitment to excellence, a focus on innovation and entrepreneurial leadership, we are constantly striving to improve our performance. We create high-quality solutions for our clients and strengthen their long-term competitiveness by combining unique material expertise with leadership in technology.