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MarketScreener Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  Foxconn Technology Co Ltd    2354   TW0002354008

FOXCONN TECHNOLOGY CO LTD

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Foxconn Technology : in Talks With U.S. States Over New Plant

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06/22/2017 | 12:40am EDT
By Yoko Kubota 

TAIPEI-- Foxconn Technology Group is looking at several U.S. states as potential sites for its investment plans and wants to announce the first match as early as July, Chairman Terry Gou said.

Foxconn, formally known as Hon Hai Precision Industry Co., is considering investing in six projects and is looking at seven states as candidates--Illinois, Indiana, Michigan, Ohio, Pennsylvania, Texas and Wisconsin--said Tim Chen, the company's corporate vice president.

Mr. Gou said during the company's annual shareholders meeting that Foxconn is in talks with around five states and named seven.

Mr. Gou said in January that he hoped to build a $7 billion plant in the U.S. and has welcomed pitches from state governments. The U.S. plant could create 30,000 to 50,000 jobs in the U.S., he has said.

Write to Yoko Kubota at yoko.kubota@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
FOXCONN TECHNOLOGY CO LTD End-of-day quote.
HON HAI PRECISION INDUSTRY CO., LTD. End-of-day quote.
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Financials (TWD)
Sales 2019 129 B
EBIT 2019 8 626 M
Net income 2019 6 872 M
Finance 2019 43 786 M
Yield 2019 4,77%
P/E ratio 2019 9,66
P/E ratio 2020 9,50
EV / Sales 2019 0,33x
EV / Sales 2020 0,28x
Capitalization 86 284 M
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 7
Average target price 67,6  TWD
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Han Ming Li General Manager
Chih Chien Hung Chairman
Tzu Hung Li Head-Finance
Hsueh Kun Li Director
Fang I Cheng Director
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