2317.TW - Hon Hai Precision Industry Co., Ltd.

Taiwan - Taiwan Delayed Price. Currency in TWD
86.50
+2.40 (+2.85%)
At close: 1:30PM CST
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Previous Close84.10
Open84.50
Bid86.50 x 0
Ask86.60 x 0
Day's Range84.30 - 87.00
52 Week Range79.50 - 122.50
Volume50,653,047
Avg. Volume39,328,637
Market Cap1.499T
Beta1.10
PE Ratio (TTM)10.94
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield4.50 (5.52%)
Ex-Dividend Date2017-07-13
1y Target EstN/A
  • Reuters22 hours ago

    China to use cornerstones to help Alibaba, Xiaomi list in mainland - sources

    HONG KONG/BEIJING, May 25 (Reuters) - China plans to use cornerstone investors to help its overseas-listed tech giants such as Alibaba and Xiaomi to sell shares at home, on worries the size of the deals could overwhelm mainland markets, three sources said. This departure from norm by China, where equity offerings are typically sold without such strategic investors, comes at a time when the country is looking to tempt its offshore-listed tech behemoths into secondary listings using the planned Chinese depositary receipts (CDRs).

  • Associated Press3 days ago

    Foxconn says no changes planned for Wisconsin project

    MADISON, Wis. (AP) — Taiwan-based Foxconn Technology Group said Wednesday that it remains committed to its $10 billion Wisconsin manufacturing facility, rejecting a report that it's considering reducing its initial investment by making display screens for smaller electronics, like phones, rather than large screens for televisions.

  • iPhone Czar Seeks $4.3 Billion IPO to Emerge From Apple’s Shadow
    Bloomberg3 days ago

    iPhone Czar Seeks $4.3 Billion IPO to Emerge From Apple’s Shadow

    Terry Gou’s Foxconn has ridden Apple Inc.’s ascendancy for a decade as its most important production partner. Now, Taiwan’s second-richest man is prepping a $4.3 billion coming-out party for a division that best embodies his hope of becoming a major player beyond just cranking out iPhones as the smartphone boom winds down. Foxconn Industrial Internet Co. is raising 27.1 billion yuan ($4.3 billion) in a mainland Chinese initial public offering to bankroll investments in capacity and technology.

  • Financial Times3 days ago

    [$$] Foxconn unit plans biggest Chinese IPO since 2015 with $4bn offer

    A unit of Foxconn Technology, the world’s largest contract electronics manufacturer, plans to raise Rmb27bn ($4.2bn) in what would be mainland China’s largest initial public offering in almost three years. Foxconn Industrial Internet makes electronic equipment, industrial robots and cloud computing components.

  • Reuters3 days ago

    Foxconn's unit targets raising $4.3 billion in biggest China IPO since 2015

    TAIPEI/SHANGHAI (Reuters) - Foxconn Industrial Internet , a subsidiary of the world's largest contract manufacturer Foxconn (2317.TW), announced plans to raise up to 27.1 billion yuan ($4.26 billion) in what will be mainland China's biggest IPO in almost three years. With 10 percent of its enlarged capital offered in the initial public offering (IPO), Shenzhen-based FII would have a valuation of about $43 billion at listing. Bookbuilding for the IPO is on May 24.

  • The Wall Street Journal3 days ago

    [$$] Foxconn Unit Plans China's Biggest IPO Since 2015

    BEIJING—A unit of Taiwan’s contract electronics manufacturer Foxconn Technology Group said it plans to raise 27.1 billion yuan, or $4.25 billion, through an initial public offering in Shanghai, potentially marking China’s biggest IPO since 2015. It plans to raise funds to automate manufacturing, as well as for cloud computing and 5G related projects, the company said. , the chairman of Foxconn Technology Group, has been working to expand the company’s business beyond contract manufacturing and increase its focus on automation and smart-manufacturing technology.

  • Foxconn's unit targets raising $4.3 billion in biggest China IPO since 2015
    Reuters3 days ago

    Foxconn's unit targets raising $4.3 billion in biggest China IPO since 2015

    TAIPEI/SHANGHAI (Reuters) - Foxconn Industrial Internet , a subsidiary of the world's largest contract manufacturer Foxconn (2317.TW), announced plans to raise up to 27.1 billion yuan ($4.26 billion) in what will be mainland China's biggest IPO in almost three years. With 10 percent of its enlarged capital offered in the initial public offering (IPO), Shenzhen-based FII would have a valuation of about $43 billion at listing. Bookbuilding for the IPO is on May 24.

  • Reuters5 days ago

    BRIEF-Hon Hai Precision's Subsidiary Wonderful Stars Invests In HMD Global OY For 61.65 Pct Stake

    May 21 (Reuters) - Hon Hai Precision Industry Co Ltd : * SAYS SUBSIDIARY WONDERFUL STARS INVESTS $62.0 MILLION IN HMD GLOBAL OY FOR 61.65 PERCENT STAKE Source text for Eikon: Further company coverage: ...

  • Forbes11 days ago

    iPhone Maker Foxconn Joins $7M Series A In Enterprise Blockchain Startup

    The venture capital arm of Foxconn has joined a $7 million Series A round in Cambridge Blockchain, a startup that specializes in helping enterprises ensure they know who their customers are in compliance with regulatory requirements. The equity investment round, joined by Partech Ventures and Digital Currency Group, consists of both the conversion of existing debt and an infusion of new capital, bringing the total amount raised to $9 million, including a seed round last year. Over the next two years, the Cambridge, Massachusetts-based firm, founded in 2015, plans to use the funds to build out its enterprise data management software, which is paradoxically geared toward both protecting identities and streamlining know-your-customer compliance for internet-connected devices.

  • Reuters11 days ago

    SoftBank's Son says new Vision Fund to be set up in 'near future'

    SoftBank Group Corp Chief Executive Masayoshi Son, founder of the world's largest private equity fund, said on Tuesday a second Vision Fund would be set up in the near future, with funds from investors in the first venture or institutions. Son's reputation as a visionary investor has attracted more than $93 billion to his technology investment vehicle, as of last May, with a second Vision Fund potentially further upending the world of dealmaking. "Vision Fund 2 will definitely come," Son told a conference in Tokyo.

  • Reuters11 days ago

    Apple supplier Foxconn's first-quarter profit dives below estimates, shares fall

    A dive in quarterly profit at Taiwan's Foxconn to below analyst estimates saw shares of the Apple Inc supplier fall 3 percent on Tuesday, even after a pledge to boost shareholder returns with a $1.2 billion capital reduction. The world's largest contract electronics maker reported late on Monday a 14.5 percent decline in first-quarter net profit to T$24.08 billion ($806 million), missing the T$28.71 billion average of nine analyst estimates compiled by Thomson Reuters.

  • Reuters11 days ago

    Apple supplier Foxconn's Q1 profit dives below estimates, shares fall

    A dive in quarterly profit at Taiwan's Foxconn to below analyst estimates saw shares of the Apple Inc supplier fall 3 percent on Tuesday, even after a pledge to boost shareholder returns with a $1.2 billion ...

  • The Wall Street Journal11 days ago

    [$$] Foxconn’s Profit Drops as iPhone Shipment Growth Slows

    BEIJING—Foxconn Technology Group posted a worse-than-expected 15% drop in first-quarter net profit after Apple Inc., its biggest customer, reported modest growth in iPhone shipments. Taiwan-based Foxconn said Monday that profit for its January through March period was NT$24.1 billion ($809 million), compared with the NT$25.4 billion average estimate of analysts polled by S&P Capital IQ. Foxconn, known formally as Hon Hai Precision Industry Co., is the world’s largest contract electronics maker and assembles Apple’s iPhone X among other products.

  • Associated Press11 days ago

    Foxconn selects company with close ties to Walker

    MADISON, Wis. (AP) — Foxconn Technology Group on Monday selected a company led by a Republican megadonor with close ties to Gov. Scott Walker to develop the master plan for its massive campus in Wisconsin.

  • MarketWatch12 days ago

    Apple stock rises after Foxconn reports earnings

    Shares of Apple Inc. are up 0.2% in Monday trading after iPhone manufacturer Hon Hai Precision Industry Co., better known as Foxconn, reported quarterly earnings results. The company reported a weaker-than-expected ...

  • Apple supplier Foxconn posts 14.5 percent drop in first-quarter net profit, lags forecasts
    Reuters12 days ago

    Apple supplier Foxconn posts 14.5 percent drop in first-quarter net profit, lags forecasts

    Taiwan's Foxconn, the world's largest contract electronics maker and supplier to Apple, posted a 14.5 percent fall in first-quarter net profit on Monday, lagging estimates despite a strong quarter for the U.S. iPhone maker. Net profit for the first three months of 2018 for the company known formally as Hon Hai Precision Industry Co reached T$24.08 billion ($809 million), it said in a filing to the Taiwan stock exchange. In May Apple reported resilient iPhone sales in the face of waning global demand, with quarterly results that topped Wall Street forecasts.

  • Reuters12 days ago

    Apple supplier Foxconn posts 14.5 pct drop in first-quarter net profit, lags forecasts

    Taiwan's Foxconn, the world's largest contract electronics maker and supplier to Apple , posted a 14.5 percent fall in first-quarter net profit on Monday, lagging estimates despite a strong quarter for the U.S. iPhone maker. Net profit for the first three months of 2018 for the company known formally as Hon Hai Precision Industry Co reached T$24.08 billion ($809 million), it said in a filing to the Taiwan stock exchange. In May Apple reported resilient iPhone sales in the face of waning global demand, with quarterly results that topped Wall Street forecasts.

  • Hon Hai’s Profit Misses After Apple Barely Grew iPhone Sales
    Bloomberg12 days ago

    Hon Hai’s Profit Misses After Apple Barely Grew iPhone Sales

    Hon Hai Precision Industry Co.’s quarterly profit missed estimates after top customer Apple Inc. sold barely enough of its iPhone X to meet Wall Street’s tempered expectations.

  • Reuters12 days ago

    Foxconn unit luring cornerstone investors for Shanghai IPO

    An internet and industrial-focused unit of Taiwanese electronics manufacturer Foxconn (2317.TW) plans to sell 30 percent of its public share offering in Shanghai to a group of cornerstone-type investors, its prospectus showed, a rare move in China listings. Foxconn Industrial Internet is yet to finalise the size of the initial public offering (IPO), but it plans to use the proceeds to finance investments totalling 27.3 billion yuan ($4.3 billion) on areas including cloud computing, data centre and 5G related projects, according to the prospectus filed on Monday. The company didn't immediately respond to a request for comment on how much it plans to raise from the IPO.

  • Reuters12 days ago

    BRIEF-Foxconn Industrial Internet Issues Prospectus For Shanghai IPO

    May 14 (Reuters) - Foxconn Industrial Internet Co Ltd * SAYS IT ISSUES PROSPECTUS FOR ITS SHANGHAI INITIAL PUBLIC OFFERING * SAYS IT PLANS TO ISSUE UP TO 1.97 BILLION A-SHARES IN ITS SHANGHAI IPO * SAYS ...

  • Associated Press15 days ago

    Foxconn sets groundbreaking ceremony for Wisconsin facility

    MADISON, Wis. (AP) — Foxconn Technology Group plans to officially break ground for its southeastern Wisconsin manufacturing complex next month.

  • Reuters16 days ago

    BRIEF-Hon Hai Precision's April Sales Up 6.6 Percent Y/Y

    May 10 (Reuters) - Hon Hai Precision Industry Co Ltd : * SAYS APRIL SALES UP 6.6 PERCENT Y/Y AT T$344.0 BILLION ($11.55 billion) Source text in Chinese: https://bit.ly/2wspgZf Further company coverage: ...

  • Reuters21 days ago

    Illinois to sue EPA for exempting Foxconn plant from pollution controls

    Illinois' Attorney General said on Friday she plans to sue the U.S. Environmental Protection Agency for allowing a proposed Foxconn Technology Co Ltd plant in neighboring Wisconsin to operate without stringent pollution controls. On Tuesday, the EPA identified 51 areas in 22 states that do not meet federal air quality requirements for ozone, a step toward enforcing the standards issued in 2015. An exempted area was Racine County, Wisconsin, just north of the Illinois border that is known to have heavily polluted air, where Taiwan-based Foxconn is building a $10 billion liquid-crystal display plant.

  • Associated Press29 days ago

    Pulling water from Lake Michigan for Foxconn plant approved

    MADISON, Wis. (AP) — The Wisconsin Department of Natural Resources has approved a request to pull millions of gallons of water daily from Lake Michigan to serve a new Foxconn Technology Group manufacturing plant, helping the Taiwanese electronics giant clear a major regulatory hurdle.

  • Hon Hai's FII to Raise Up to $4.3 Billion in China IPO
    Bloomberg Video3 days ago

    Hon Hai's FII to Raise Up to $4.3 Billion in China IPO

    May.22 -- Foxconn Industrial Internet Co. plans to raise 27.1 billion yuan ($4.3 billion) selling stock in an initial public offering, kicking off the largest mainland Chinese debut since the 2015 stock market crash. Bloomberg's Debby Wu reports on "Bloomberg Daybreak: Asia." (Corrects to remove incorrect spelling of reporter from video and corrects spelling in description)