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

FOXCONN TECHNOLOGY CO LTD (2354)
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Foxconn Technology : Wisconsin Gov. Walker, Foxconn leader sign plant contract

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11/10/2017 | 11:14pm CEST

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 2018 161 B
EBIT 2018 12 528 M
Net income 2018 12 314 M
Finance 2018 39 997 M
Yield 2018 4,26%
P/E ratio 2018 9,37
P/E ratio 2019 9,78
EV / Sales 2018 0,43x
EV / Sales 2019 0,39x
Capitalization 109 B
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Foxconn Technology Co Ltd Technical Analysis Chart | 2354 | TW0002354008 | 4-Traders
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 11
Average target price 82,4  TWD
Spread / Average Target 7,2%
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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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