Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Taiwan Stock Exchange  >  Foxconn Technology Co., Ltd.    2354   TW0002354008

FOXCONN TECHNOLOGY CO., LTD.

(2354)
  Report
SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Foxconn Technology : says it will continue to work with Wisconsin to create jobs, woo investors

10/20/2020 | 12:41am EST
People wear masks to protect themselves from coronavirus disease (COVID-19), while listening to the annual general meeting at the lobby of Foxconn's office in Taipei

TAIPEI (Reuters) - Taiwan-based Foxconn Technology Group said its commitment to Wisconsin has not wavered and it will continue to work with U.S. President Donald Trump and the local government to create new jobs and attract investment to the state.

Wisconsin said last week that Foxconn's planned factory in Mount Pleasant did not create enough jobs in 2019 to earn its owner Foxconn tax credits, the second year it has missed its targets.

"Foxconn re-asserts it will continue to work with President Trump and state and local government officials to create more jobs and to attract new investment to Wisconsin," said Foxconn founder Terry Gou in an e-mailed statement on Tuesday.

"Market conditions and the COVID-19 pandemic have altered the timing of our expansion, the specifics of our manufacturing plans, and our product lines have changed. But through it all, Foxconn has pressed forward with its Wisconsin plans."

The planned $10 billion, 20-million-square-foot campus was hailed by the White House as the largest investment for a brand new location by a foreign-based company in U.S. history and had been cited by Trump in 2017 as proof he was reviving U.S. manufacturing.

However, for many the factory has become a symbol of failed promises in Midwestern states like Wisconsin that were key to Trump's 2016 election and are now closely watched swing states in the Republican's bid to be re-elected on Nov. 3.

"The world has changed a lot since Foxconn's partnership with Wisconsin began, but Foxconn's commitment to the state has not wavered," Gou said in the statement, adding that the firm had so far invested $750 million in the state and had become the largest property taxpayer in Racine County.

(Reporting by Ben Blanchard in Taipei; Writing by Brenda Goh in Shanghai; Editing by Clarence Fernandez and Ana Nicolaci da Costa)


© Reuters 2020
All news about FOXCONN TECHNOLOGY CO., LTD.
11/26Foxconn Will Move Some Apple Production to Vietnam, Reuters Reports
DJ
11/26EXCLUSIVE : Foxconn to shift some Apple production to Vietnam to minimise China ..
RE
11/20Taiwan October export orders up again, strong outlook seen
RE
11/18Vietnam says Taiwan's Foxconn starts factory to make displays
RE
11/18Vietnam says Taiwan's Foxconn starts factory to make displays
RE
11/12Foxconn sees strong iPhone 12 demand, reiterates U.S. investment
RE
11/12Foxconn sees strong iPhone 12 demand, reiterates U.S. investment
RE
11/12Foxconn sees strong iPhone 12 demand, reiterates U.S. investment
RE
11/12HON HAI PRECISION INDUSTRY : Foxconn Third-Quarter Net Profit Edged Higher on Im..
DJ
11/12HON HAI PRECISION INDUSTRY : Foxconn Technology Group Posted Nine-Month Net Prof..
DJ
More news
Financials
Sales 2020 106 B 3 733 M 3 733 M
Net income 2020 7 382 M 259 M 259 M
Net cash 2020 57 281 M 2 009 M 2 009 M
P/E ratio 2020 10,1x
Yield 2020 5,04%
Capitalization 73 695 M 2 583 M 2 584 M
EV / Sales 2020 0,15x
EV / Sales 2021 0,10x
Nbr of Employees -
Free-Float 64,1%
Chart FOXCONN TECHNOLOGY CO., LTD.
Duration : Period :
Foxconn Technology Co., Ltd. Technical Analysis Chart | 2354 | TW0002354008 | MarketScreener
Technical analysis trends FOXCONN TECHNOLOGY CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 4
Average target price 53,33 TWD
Last Close Price 52,10 TWD
Spread / Highest target 15,2%
Spread / Average Target 2,37%
Spread / Lowest Target -13,6%
EPS Revisions
Managers
NameTitle
Han Ming Li General Manager & Director
Chih Chien Hung Chairman
Tzu Hung Li Head-Finance
Hsueh Kun Li Director
Fang I Cheng Director
Sector and Competitors