2317.TW - Hon Hai Precision Industry Co., Ltd.
| Previous Close | 82.70 |
| Open | 82.00 |
| Bid | 82.20 x 0 |
| Ask | 82.30 x 0 |
| Day's Range | 81.80 - 82.40 |
| 52 Week Range | 79.50 - 122.50 |
| Volume | 33,349,299 |
| Avg. Volume | 46,946,771 |
| Market Cap | 1.426T |
| Beta | 1.23 |
| PE Ratio (TTM) | 10.73 |
| EPS (TTM) | 7.67 |
| Earnings Date | Aug 9, 2018 - Aug 13, 2018 |
| Forward Dividend & Yield | 4.50 (5.29%) |
| Ex-Dividend Date | 2017-07-13 |
| 1y Target Est | 96.80 |
- Quartz•2 days ago
Here’s how the plan to replace the humans who make iPhones with bots is going
Foxconn Technology chairman Terry Gou on Friday reiterated a pledge that the world’s biggest assembler of iPhones has made many times: that in a matter of years, human workers will be in a minority at the company. Foxconn's Terry Gou says the company plans to replace 80% of workers with robots in 5-10 years. —…
- Reuters•2 days ago
Chinese media says U.S. has 'delusions' as impact of trade war spreads
BEIJING/SHANGHAI (Reuters) - U.S. protectionism is self-defeating and a "symptom of paranoid delusions" that must not distract China from its path to modernisation, Chinese media said on Friday as Beijing kept up with its war of words with Washington while markets wilted. President Donald Trump threatened on Monday to hit $200 billion (150.3 billion pounds) of Chinese imports with 10 percent tariffs if China retaliates against his previous targeting of $50 billion (37.6 billion pounds) in imports. Investor fears of a full-blown trade war have weighed on markets, including Chinese shares, which posted their worst weekly loss since early February.
- Bloomberg•2 days ago
iPhone Assembler's Billionaire CEO Chafes at China Overtime Caps
The billionaire chief of Foxconn Technology Group, Apple Inc.’s main iPhone assembler, argues that China’s “unreasonable” restrictions on overtime hours hurts his workers and the company’s competitiveness. Taking aim at criticism Foxconn over-works its employees to meet soaring demand before the annual holiday shopping season, Terry Gou told shareholders his workers actually want to work more hours and that forcing them to put in less time reduces their income. Foxconn, which as China’s largest private employer keeps about a million on its payroll, has drawn fire for years over practices such as allowing overtime to soar during the peak season, when it sharply ramps up production to get devices to market in time for the holidays.
- Bloomberg•2 days ago
Sharp Is Raising as Much as 216 Billion Yen in Share Sale
Sharp Corp., the Japanese electronics maker controlled by Foxconn Technology Group, is raising as much as 216.2 billion yen ($2 billion) in a public share sale. The proceeds will be used to purchase preferred stock and on research and development, the Osaka-based company said in a statement Friday. Sharp’s stock has declined 7.3 percent since it registered to sell the shares on June 5.
Reuters•2 days agoTaiwan's Foxconn calls Sino-U.S. trade spat a 'tech war'
Foxconn, the world's largest electronics contract manufacturer, on Friday said the U.S. and Chinese governments are engaged in a technology war, not a trade war, describing the spat as the biggest challenge the Taiwanese company is facing. President Donald Trump on Monday said Washington would hit $200 billion of Chinese imports with 10 percent tariffs if Beijing retaliates against his previous announcement to target $50 billion in imports. The United States has accused China of stealing U.S. intellectual property, a charge Beijing denies.
Reuters•2 days agoTaiwan's Foxconn calls Sino-U.S. trade spat a 'tech war'
Foxconn, the world's largest electronics contract manufacturer, on Friday said the U.S. and Chinese governments are engaged in a technology war, not a trade war, describing the spat as the biggest challenge the Taiwanese company is facing. President Donald Trump on Monday said Washington would hit $200 billion of Chinese imports with 10 percent tariffs if Beijing retaliates against his previous announcement to target $50 billion in imports. The United States has accused China of stealing U.S. intellectual property, a charge Beijing denies.
- Bloomberg•2 days ago
Apple's Biggest Supplier May Be Breaking Its iPhone Habit
When Terry Gou meets shareholders at Hon Hai Precision Industry Co.’s annual general meeting today he will likely talk about U.S. expansion, booming China, a looming trade war, AI, automation, and cloud computing. Over at Foxconn Industrial Internet Co., a smaller unit that recently went public in Shanghai, the dependence on iPhones is evident. Its three largest single orders last year were from Apple, totaling $7.5 billion, for smartphone frames and outer casings.
- Associated Press•5 days ago
Foxconn investing in $30 million water recycling system
MILWAUKEE (AP) — Foxconn Technology Group plans to invest in a $30 million recycling system that will significantly reduce the amount of water it has to draw from Lake Michigan for its proposed manufacturing complex in southeast Wisconsin, the company said Tuesday.
- Reuters•8 days ago
Foxconn announces North American headquarters in Wisconsin
Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee, Wisconsin, following the purchase of a building in the city's downtown area. In a statement, Foxconn said more than 500 people would work at the seven-story building in downtown Milwaukee. The announcement comes almost a year after the company disclosed plans to invest $10 billion over four years to build a 20 million-square-foot LCD panel plant in Wisconsin that could eventually employ up to 13,000 people.
Reuters•8 days agoFoxconn announces North American headquarters in Wisconsin
Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee, Wisconsin, following the purchase of a building in the city's downtown area. In a statement, Foxconn said more than 500 people would work at the seven-story building in downtown Milwaukee. The announcement comes almost a year after the company disclosed plans to invest $10 billion over four years to build a 20 million-square-foot LCD panel plant in Wisconsin that could eventually employ up to 13,000 people.
- The Wall Street Journal•8 days ago
[$$] China Warns of Corporate Casualties as Trade War Brews
BEIJING—When a group of American executives and other global corporate chieftains met with Chinese Vice President Wang Qishan in late March, they received a stern message about the simmering U.S.-China trade conflict: If tensions escalate, buckle up. At the March gathering, people who attended said, Mr. Wang told the business leaders—which included senior executives from International Business Machines Corp., chip maker Qualcomm Inc. and private-equity firm Blackstone Group—that they should try harder to lobby the Trump administration against launching a trade offensive.
- The Wall Street Journal•8 days ago
China Warns of Corporate Casualties as Trade War Brews
BEIJING—When a group of American executives and other global corporate chieftains met with Chinese Vice President Wang Qishan in late March, they received a stern message about the simmering U.S.-China trade conflict: If tensions escalate, buckle up. At the March gathering, people who attended said, Mr. Wang told the business leaders—which included senior executives from International Business Machines Corp., chip maker Qualcomm Inc. and private-equity firm Blackstone Group—that they should try harder to lobby the Trump administration against launching a trade offensive.
- Associated Press•9 days ago
Foxconn closes on North American headquarters
MILWAUKEE (AP) — Foxconn Technology Group has purchased a downtown Milwaukee building to house its North American headquarters as it prepares to build a mammoth manufacturing complex 30 miles (50 kilometers) to the south.
- Associated Press•9 days ago
Wisconsin Republicans reduce I-94 funding amid criticism
The Wisconsin Legislature's budget committee took a detour Thursday from Gov. Scott Walker's road-funding plan, directing more money toward local road projects amid criticism from Democrats who argued against spending anything more on the interstate near the massive Foxconn Technology Group project. Republican Sen. Alberta Darling, the budget committee co-chair, said completing the decade-old Interstate 94 project near the planned Foxconn project needed to be prioritized because of the amount of traffic along the corridor between Milwaukee and Illinois. "The roads in Illinois are much better than I-94 going in and out of Wisconsin," Darling said.
- Reuters•13 days ago
Foxconn says investigating labour conditions at China factory used for Amazon
Contract manufacturer Foxconn said on Sunday it is investigating a plant in China that makes devices for Amazon.com Inc (AMZN.O), after a U.S. watchdog group criticized what it described as harsh working conditions at the factory. A 94-page report by New York-based China Labor Watch that followed a nine-month investigation cited excessive hours, low wages, inadequate training and an overreliance on "dispatch" or temporary workers in violation of Chinese law at the Hengyang Foxconn plant in Hunan province, which makes Echo Dot smart speakers and Kindle e-readers.
- TechCrunch•13 days ago
After report on 'appalling' conditions, Foxconn will investigate plant that makes Amazon devices
Foxconn Technology Group says it is investigating a factory it operates that
- Reuters•13 days ago
Foxconn says investigating labor conditions at China factory used for Amazon
Contract manufacturer Foxconn said on Sunday it is investigating a plant in China that makes devices for Amazon.com Inc (AMZN.O), after a U.S. watchdog group criticized what it described as harsh working conditions at the factory. A 94-page report by New York-based China Labor Watch that followed a nine-month investigation cited excessive hours, low wages, inadequate training and an overreliance on "dispatch" or temporary workers in violation of Chinese law at the Hengyang Foxconn plant in Hunan province, which makes Echo Dot smart speakers and Kindle e-readers.
- Reuters•13 days ago
Rights group hits Amazon, Foxconn over China labour conditions
A U.S. watchdog group criticized Amazon.com Inc and contract manufacturer Foxconn over what it described as harsh working conditions at a plant in China that makes the retail giant's Echo Dot smart speaker and Kindle e-reader. The 94-page report by New York-based China Labor Watch cited excessive hours, low wages, inadequate training and an overreliance on "dispatch" or temporary workers in violation of Chinese law at the Hengyang Foxconn plant in Hunan province. Taiwan-based Foxconn, known formally as Hon Hai Precision Industry Co Ltd, is the world's largest contract electronics manufacturer and employs more than a million people.
Reuters•13 days agoRights group hits Amazon, Foxconn over China labor conditions
A U.S. watchdog group criticized Amazon.com Inc (AMZN.O) and contract manufacturer Foxconn over what it described as harsh working conditions at a plant in China that makes the retail giant's Echo Dot smart speaker and Kindle e-reader. The 94-page report by New York-based China Labor Watch cited excessive hours, low wages, inadequate training and an overreliance on "dispatch" or temporary workers in violation of Chinese law at the Hengyang Foxconn plant in Hunan province. Taiwan-based Foxconn, known formally as Hon Hai Precision Industry Co Ltd (2317.TW), is the world's largest contract electronics manufacturer and employs more than a million people.
- Reuters•16 days ago
Apple supplier Foxconn posts fastest monthly sales rise in about half a year
TAIPEI (Reuters) - Hon Hai Precision Industry Co Ltd (2317.TW), the world's largest contract electronics manufacturer, posted on Friday a 24 percent rise in its May sales, posting the biggest gain since ...
- Reuters•16 days ago
Apple supplier Foxconn posts fastest monthly sales rise in about half a year
Hon Hai Precision Industry Co Ltd , the world's largest contract electronics manufacturer, posted on Friday a 24 percent rise in its May sales, posting the biggest gain since December 2017, mainly due ...
- Reuters•16 days ago
BRIEF-Hon Hai Precision Says May Sales Up 24.0 Percent Y/Y
June 8 (Reuters) - Hon Hai Precision Industry Co Ltd : * SAYS MAY SALES UP 24.0 PERCENT Y/Y Source text in Chinese: https://bit.ly/29I3zX1 Further company coverage: (Reporting by Hong Kong newsroom)
Reuters•16 days agoFoxconn unit's shares skyrocket in Shanghai trading debut
Foxconn Industrial Internet Co Ltd (FII), a unit of the world's largest contract manufacturer, became China's biggest domestically listed tech company by market cap on Friday as its shares soared a maximum 44 percent on debut. The company, which makes electronic devices, cloud service equipment and industrial robots, raised more than $4 billion in China's biggest IPO since 2015, highlighting Beijing's resolve to lure major tech listings away from Hong Kong and New York and use capital markets to fortify the domestic tech sector. FII hit the daily limit of 44 percent within seconds of trade, helped buy government caps on IPO valuations and mainland China investor enthusiasm for new issues.
- Reuters•16 days ago
Foxconn unit's shares skyrocket in Shanghai trading debut
Foxconn Industrial Internet Co Ltd (FII), a unit of the world's largest contract manufacturer, became China's biggest domestically listed tech company by market cap on Friday as its shares soared a maximum 44 percent on debut. The company, which makes electronic devices, cloud service equipment and industrial robots, raised more than $4 billion in China's biggest IPO since 2015, highlighting Beijing's resolve to lure major tech listings away from Hong Kong and New York and use capital markets to fortify the domestic tech sector.
