|Bid||89.20 x 0|
|Ask||89.30 x 0|
|Day's Range||89.00 - 91.30|
|52 Week Range||80.70 - 102.00|
|PE Ratio (TTM)||15.14|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The pledge by Taiwan's Foxconn to build a $10 billion factory in southern Wisconsin has ignited cross-border competition with Illinois over which state’s residents will get the jobs created by the project. Backers of Wisconsin’s $3 billion incentives package, which is quickly moving through the state legislature, estimate Foxconn’s plant and related investments could create more than 23,000 factory, construction and ancillary jobs. Within a 20-minute drive of likely Foxconn sites, Illinois stands to gain those jobs, prompting Wisconsin lawmakers to push to hold on to them.
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.