2354.TW - Foxconn Technology Co., Ltd.

Taiwan - Taiwan Delayed Price. Currency in TWD
49.55
-0.10 (-0.20%)
At close: 1:30PM CST
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Previous Close49.65
Open50.50
Bid49.55 x 0
Ask49.60 x 0
Day's Range49.10 - 51.00
52 Week Range45.85 - 75.10
Volume2,948,000
Avg. Volume2,768,109
Market Cap70.087B
Beta (5Y Monthly)0.48
PE Ratio (TTM)7.82
EPS (TTM)6.34
Earnings DateMar 31, 2020 - Apr 02, 2020
Forward Dividend & Yield3.20 (6.45%)
Ex-Dividend DateJul 25, 2019
1y Target Est69.41
  • Reuters

    RPT-Foxconn to resume normal production in China end of March

    Apple supplier Foxconn said it would resume normal production in China by the end of March and that more than half its seasonal workforce in the country had restarted work following the coronavirus outbreak. The flu-like virus, which originated in China late last year and can be transmitted from person to person, has spread to more than 60 countries. It has infected over 86,000 people and killed more than 3,000 people, the majority in China.

  • Reuters

    Foxconn to resume normal production in China end of March

    Apple supplier Foxconn said it would resume normal production in China by the end of March and that more than half its seasonal workforce in the country had restarted work following the coronavirus outbreak. The flu-like virus, which originated in China late last year and can be transmitted from person to person, has spread to more than 60 countries. It has infected over 86,000 people and killed more than 3,000 people, the majority in China.

  • Reuters

    REFILE-Taiwan's Foxconn warns of negative revenue impact from virus outbreak

    Taiwan's Foxconn on Thursday said a coronavirus outbreak will lead to lower full-year revenue and the company will "cautiously" resume output at its main factories in China that were shut because of the outbreak. Foxconn said in a statement to the Taipei stock exchange that its factories in countries including Vietnam, India and Mexico continued to be operating at full capacity and expansion plans were underway. Foxconn, the world's largest contract electronics maker and formally called Hon Hai Precision Industry Co Ltd, is a supplier to Apple Inc and others.

  • Reuters

    SoftBank spends $2.5 bln to get second Vision Fund off the ground -sources

    SoftBank Group Corp has pumped $2.5 billion of its own cash into new investments since October, people familiar with the matter said, hoping to restore its money-making credentials as it courts investors for a successor to its Vision Fund. The Japanese technology conglomerate is also considering investing another $2.5 billion of its own money, one of the people said. SoftBank Chief Executive Masayoshi Son said last week the company may spend up to two years investing its own money in a bridge fund, to build a portfolio that will give investors enough confidence to participate in a second Vision Fund.

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  • Reuters

    Apple iPhone maker Foxconn approved to resume Shenzhen plant production -source

    Apple iPhone maker Foxconn has received Chinese government approval to resume production at a key plant in the southern city of Shenzhen, a source with direct knowledge of the situation told Reuters late on Monday. About 20,000 people, or roughly 10% of Foxconn's workforce in Shenzhen, had returned to the plant as of Monday, the source said, adding that the company told some of its employees there late on Monday to return to work the next day. Foxconn, formally Hon Hai Precision Industry Co Ltd, makes smartphones for global vendors including Apple.

  • Reuters

    China's Q1 smartphone sales may halve due to coronavirus-analysts

    China's smartphone sales may plunge by as much as 50% in the first quarter, as many retail shops have closed for an extended period and production has yet to fully resume due to the fast spread of a new coronavirus, according to research reports. The virus outbreak, which has killed more than 900 people and roiled China's manufacturing industry, comes as top smartphone vendors such as Huawei had hoped China's 5G rollout plans this year would help the world's biggest smartphone market rebound after years of falling sales. "Vendors' planned product launches will be canceled or delayed, given that large public events are not allowed in China," research firm Canalys said in a note last week.

  • Reuters

    Foxconn sees full China production resuming late-Feb. - source

    Taiwan's Foxconn aims to "gradually" restart factories in China next week but it could take at least one to two weeks from then to resume full production due to the coronavirus outbreak, a person with direct knowledge of the matter said. Taiwan's Foxconn, which makes smartphones for global vendors including Apple, has filed requests to reopen factories with local Chinese governments, the source said, adding that full resumption was not possible until late-February due to various travel bans to curb the virus. The factory halt is set to hit Foxconn's profit for 2020 and the company is still evaluating the potential financial impact, the person said.

  • Reuters

    CORRECTED-WRAPUP 14-China to allow in U.S. health experts as virus shows no sign of slowing

    BEIJING/SHANGHAI, Feb 3 (Reuters) - China has agreed to allow U.S. health experts into the country as part of a World Health Organization (WHO) effort to help fight the fast-spreading coronavirus, as the number of cases and deaths continued to mount. In central China's Hubei province, epicenter of the epidemic, China state TV reported there were 2,345 new cases of the virus and another 64 deaths, bringing the total of virus-related fatalities in Hubei to 414 by Monday.

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  • Benzinga

    China Could Issue Digital Currency In Early 2020: Analyst

    China’s digital currency could go live in two to three months, Jack Lee, Managing Partner of HCM Capital, the private equity arm of Foxconn Technology Co Ltd ,  told  CNBC in an interview on Monday. “So, ...

  • Moody's

    Racine (County of) WI -- Moody's affirms Racine County, WI's GO at Aa2; outlook negative

    Moody's Investors Service has affirmed the Aa2 rating on Racine County, WI's outstanding general obligation unlimited tax (GOULT) debt. Post-issuance, the county will have $167.8 million in outstanding GOULT debt, all of which is rated by Moody's. The outlook remains negative. The Aa2 rating on the county's long-term GOULT debt reflects the large tax base that has seen multi-year valuation increases and average residential income indices.

  • Reuters

    GRAPHIC-Asia seeks ways to cope with trade war's hit to China demand

    Asian countries are looking for catalysts beyond China to drive their economies as the Sino-U.S. trade war forces Chinese demand for their exports to shrink. Luring foreign companies to their shores, finding ways to boost domestic consumption and scouring for alternate export markets are part of that policy mix as China's neighbours cope with flagging demand from the mainland, hitherto a large market for Asia in the regional supply chain. Malaysia set up a panel to fast-track investments to woo businesses, and said it approved more than $500 million in proposals this month.

  • Apple, Foxconn say they overly relied on temporary workers in China
    Reuters

    Apple, Foxconn say they overly relied on temporary workers in China

    Apple Inc and manufacturing partner Foxconn Technology Co Ltd on Monday rebutted allegations of lapses in people management levelled by a non-profit monitor of worker rights, though confirmed they employed too many temporary workers. The response comes after China Labor Watch on Monday issued a lengthy report accusing the two companies of breaching numerous Chinese labour laws, including one barring temporary staff from exceeding 10% of the total workforce. U.S. tech firm Apple relies heavily on Taiwan's Foxconn and its Chinese manufacturing facilities to produce devices such as the iPhone, the next line of which will be unveiled on Tuesday.

  • Reuters

    US investment in Malaysia up sharply as trade row with China drags on

    Malaysia approved U.S. investment worth $5.62 billion in the first half of the year compared with $113 million the previous year, the government said on Wednesday, a possible sign of a diversion of U.S. business as a trade row with China drags on. U.S. and Chinese companies alike are looking at moving some of their manufacturing out of China to escape tit-for-tat tariffs imposed on each other's products. Economists say Vietnam and Malaysia are likely to be the biggest beneficiaries, though countries such as India are also trying to attract companies such as Apple, Foxconn and Wistron Corp.

  • Moody's

    Racine (County of) WI -- Moody's assigns Aa2 to Racine County, WI's GO bonds; negative outlook

    Moody's Investors Service has assigned an Aa2 rating to Racine County, WI's $5 million General Obligation Corporate Purpose Bonds, Series 2019A. Concurrently, Moody's maintains the Aa2 on the county's outstanding general obligation unlimited tax (GOULT) debt and the MIG2 rating on county's bond anticipation notes (BANs). The county has $57.8 million in outstanding GOULT debt and $147.2 million in BANs, all of which is rated by Moody's. The outlook remains negative.

  • Don't expect Foxconn to care about U.S. jobs: Wisconsin politician
    Yahoo Finance

    Don't expect Foxconn to care about U.S. jobs: Wisconsin politician

    Foxconn promised to create thousands of jobs in the U.S. but instead it's sending jobs to Mexico. Wisconsin state Assemblyman Gordon Hintz is concerned that Foxconn is trying to back out of its multibillion dollar deal with the state.

  • Wisconsin politician: The $4 billion Foxconn deal is a total mess
    Yahoo Finance

    Wisconsin politician: The $4 billion Foxconn deal is a total mess

    As Foxconn keeps changing its plans for its Wisconsin plant, a state representative has no idea what will happen.

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    McDonald’s posts earnings, Boeing has huge quarter, Novartis has a new plan

    McDonald’s, Boeing, Novartis, Southwest Airlines, and Foxconn are the companies to watch.

  • Citi cuts first-quarter iPhone production estimates on weak demand
    Reuters

    Citi cuts first-quarter iPhone production estimates on weak demand

    "The material cut in our forecasts is driven by our view that 2018 iPhone is entering a destocking phase, which does not bode well for the supply chain," analyst William Yang wrote in a client note. Citi said it expects the company to make 45 million iPhones for the quarter, down from 50 million it forecast earlier. The cut was mainly due to weak outlook for the iPhone XS Max, Yang said.

  • Dow erases 600-point loss, closes 260 points higher
    Yahoo Finance

    Dow erases 600-point loss, closes 260 points higher

    U.S. equities returned to the red after posting their best session for the day after Christmas ever on Wednesday.

  • Moody's

    Wisconsin (State of) -- Moody's assigns A1 to Mt. Pleasant WI Tax Increment Bonds, Series 2018A; outlook stable

    Moody's Investors Service has assigned an A1 to $125.05 million Tax Increment Revenue Bonds (TID 5), Series 2018A issued by the Village of Mount Pleasant, Wisconsin and backed by the moral obligation of the state of Wisconsin. The A1 rating is notched off the state of Wisconsin's Aa1 rating based on the commitment of the state's Department of Administration (DOA) to request appropriation by the legislature of amounts sufficient to replace any draws on a debt service reserve fund, pursuant to a moral obligation agreement among the DOA, the Village of Mount Pleasant, which is issuing the bonds, and Racine County, WI. The rating reflects the moderately strong legal structure of this transaction, including the mechanics of debt service reserve replenishment that feature ample notification to the state of missed deadlines, the need for appropriation by the state, and the uncertainties and risks associated with economic development projects.

  • Moody's

    Mount Pleasant (Village of) WI -- Moody's downgrades Mount Pleasant, WI's GO to Aa3; assigns negative outlook

    Moody's Investors Service downgrades the Village of Mount Pleasant, WI's general obligation unlimited tax (GOULT) rating to Aa3 from Aa2. A negative outlook has been assigned. The downgrade to Aa3 largely reflects current and anticipated growth in the village's direct debt burden and likely growth in its overlapping debt burden tied to borrowing in support of the Foxconn development.

  • The Latest: Foxconn, UW-Madison sign $100 million agreement
    Associated Press

    The Latest: Foxconn, UW-Madison sign $100 million agreement

    MADISON, Wis. (AP) — The Latest on Foxconn agreement with the University of Wisconsin-Madison (all times local):

  • Moody's

    Racine (County of) WI -- Moody's assigns Aa2 to Racine County, WI's GO Bonds; outlook remains negative

    Moody's Investors Service has assigned an Aa2 to Racine County, WI's $6.1 million General Obligation Corporate Purpose Bonds, Series 2018A and $680,000 Taxable General Obligation Promissory Notes, Series 2018B. Concurrently, Moody's maintains the Aa2 on the county's outstanding general obligation unlimited tax (GOULT) debt and the MIG2 rating on county's $147.2 million in bond anticipation notes (BANs). The Aa2 rating on the county's long-term general obligation (GO) debt reflects the county's large tax base, moderate revenue raising flexibility, healthy financial position relative to operations, and low pension burden.