|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||94.10 - 94.80|
|52 Week Range||79.80 - 102.00|
|PE Ratio (TTM)||14.47|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A startup backed by Tony Fadell, one of the fathers of the Apple iPod, plans to announce Wednesday it is working with Samsung Electronics Co Ltd, Foxconn parent Hon Hai Precision Industry Co Ltd and others on a new way for mobile phones to transfer large amounts of data without using wires or WiFi connections. Chief Executive Eric Almgren said his Campbell, Calif.-based company called Keyssa has raised more than $100 million from Fadell and the venture arms of Samsung and Intel Corp, among others.
The Wisconsin agency tasked with holding Foxconn accountable for delivering up to 13,000 jobs in exchange for $1.5 billion in state payroll tax credits has a history of failing to verify job-creation claims and rewarding companies that fall short of quotas, according to state audits. The deal to secure Foxconn's proposed LCD screen plant announced late last month is one of the largest economic development agreements in U.S. history and counts President Donald Trump, who rode into office on promises of creating manufacturing jobs, as one of its proponents. A May audit found the Wisconsin Economic Development Corporation (WEDC) did not independently verify jobs numbers claimed by recipients of tax credits and posted inaccurate jobs figures online.
Essential Products, the smartphone startup founded by a co-creator of the Android mobile operating system, has raised $300 million in new funding and signed up retailers to sell its first device, it said on Wednesday. The $699 phone, with a titanium and ceramic case, will compete directly against new devices from Samsung Electronics and Apple Inc this holiday season.