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4-Traders Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  Foxconn Technology Co Ltd    2354   TW0002354008

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Foxconn Technology : Wisconsin Gov. Walker, Foxconn leader sign plant contract

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11/10/2017 | 11:14pm CET

RACINE, Wis.Wisconsin Gov. Scott Walker and Foxconn Technology Group Chairman Terry Gou have signed off on a $3 billion contract for the Taiwanese company to build a massive display-screen factory in southeast Wisconsin.

Walker and Gou signed a contract Friday that locks the state into providing up to $3 billion in tax incentives if Foxconn invests $10 billion on a new display-screen manufacturing factory and campus near Racine. The company would also have to hire 13,000 workers to get the full benefit.

It is the largest state tax incentive package offered to a foreign company in U.S. history.

Gou says he will pay Wisconsin up to $500 million if Foxconn does not fulfil its side of the contract.

The contract signing comes after the state Legislature approved general terms of the deal. Wisconsin beat out several other states for the plant.

© 2017 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials ( TWD)
Sales 2017 135 B
EBIT 2017 11 909 M
Net income 2017 10 565 M
Finance 2017 41 792 M
Yield 2017 3,67%
P/E ratio 2017 11,69
P/E ratio 2018 10,24
EV / Sales 2017 0,62x
EV / Sales 2018 0,50x
Capitalization 126 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 91,3  TWD
Spread / Average Target 2,6%
EPS Revisions
Managers
NameTitle
Hsueh Kun Li Director
Francisco S. Uranga Chief Business Operations Officer-Latin America
Cheng Kuang Liu Manager-Investment Management & Spokesman
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