HNHAF - Hon Hai Precision Industry Co., Ltd.
| Previous Close | 3.2561 |
| Open | 3.2561 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's Range | 3.2561 - 3.2561 |
| 52 Week Range | 2.9400 - 4.1800 |
| Volume | |
| Avg. Volume | 0 |
| Market Cap | 45.135B |
| Beta (5Y Monthly) | 0.62 |
| PE Ratio (TTM) | 9.58 |
| EPS (TTM) | 0.3400 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.17 (5.34%) |
| Ex-Dividend Date | Jul 01, 2022 |
| 1y Target Est | N/A |
ReutersFoxconn's May sales drop 9.5% y/y on smartphone weakness
Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler for Apple Inc, said on Monday that revenue in May fell 9.5% year-on-year due to weakness in smart consumer electronics during the traditional low season. Foxconn, formally called Hon Hai Precision Industry Co Ltd, said revenue last month reached T$450.7 billion ($14.7 billion), in line with its expectations, though it was up 5% compared with April. For smart consumer electronics products, which include smartphones and are the company's main business driver, revenue in May dropped as it entered the "traditional slow season" and coming off a high base, the company said in a statement, without elaborating.
Motley FoolIndian Unions Oppose Apple-Backed Labor Laws
How do you say "take this job and shove it" in Tamil? According to a new report from Rest of World, Indian unions are fighting back against...
- Reuters
UPDATE 1-Foxconn to make iPhones in India's Karnataka by next April -state govt
Apple Inc supplier Foxconn will start manufacturing iPhones in the southern Indian state of Karnataka by April 2024, the state government said on Thursday. The land for the factory would be handed over to Foxconn by July 1, the government said, adding that the project, valued at 130 billion rupees ($1.59 billion), is expected to create around 50,000 jobs. Foxconn, the world's largest contract electronics manufacturer, has set a target of manufacturing 20 million iPhones a year at the plant in Devanahalli, on the outskirts of state capital and tech hub Bengaluru.
ReutersFoxconn to make iPhones in India's Karnataka by next April -state govt
BENGALURU (Reuters) -Apple Inc supplier Foxconn will start manufacturing iPhones in the southern Indian state of Karnataka by April 2024, the state government said on Thursday. The land for the factory would be handed over to Foxconn by July 1, the government said, adding that the project, valued at 130 billion rupees ($1.59 billion), is expected to create around 50,000 jobs. Foxconn, the world's largest contract electronics manufacturer, has set a target of manufacturing 20 million iPhones a year at the plant in Devanahalli, on the outskirts of state capital and tech hub Bengaluru.
- Reuters
UPDATE 2-Nvidia CEO feels safe relying on Taiwan for chips
Nvidia Corp, a major supplier of chips and computing systems for artificial intelligence (AI), feels "perfectly safe" about relying so much on chip powerhouse Taiwan for manufacturing, its chief executive Jensen Huang said on Thursday. Some companies have expressed concerns about potential risks to business given heightened military threats by China against the democratic island of Taiwan, which Beijing claims as its own, to Taipei's strong objections. Chip manufacturer Taiwan Semiconductor Manufacturing Co Ltd (TSMC) makes chips designed by Nvidia and Huang said his company's next generation of products would also be made by TSMC, while adding Nvidia would continue to diversify.
- Reuters
UPDATE 2-Modi's chip making plan flounders as firms struggle to find tech partners
Big companies including a Foxconn joint venture that bid for India's $10 billion semiconductor incentives are struggling due to the lack of a technology partner, a major setback for Prime Minister Narendra Modi's chipmaking ambitions. A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner has been stalled due to the company's ongoing takeover by Intel, three people with direct knowledge of the strategy said. A second mega $19.5 billion plan to build chips locally by a joint venture between India's Vedanta and Taiwan's Foxconn is also proceeding slowly as their talks to rope in European chipmaker STMicroelectronics as a partner are deadlocked, a fourth source with direct knowledge said.
- Reuters
RPT-ISMC's India chip plan stalls after Tower-Intel deal in setback to Modi
A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner has been stalled due to the company's ongoing takeover by Intel, three sources said, dashing India's chip making plans. A second mega $19.5 billion plan to build chips locally by a joint venture between India's Vedanta and Taiwan's Foxconn is also proceeding slowly as their talks to rope in European chipmaker STMicroelectronics as a partner are deadlocked, a fourth source with direct knowledge said. The challenges faced by the companies deal a major setback to Prime Minister Narendra Modi, who has made chipmaking a top priority as he wants to "usher in a new era in electronics manufacturing" by luring global companies.
- Reuters
ISMC's India chip plan stalls after Tower-Intel deal in setback to Modi
A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner has been stalled due to the company's ongoing takeover by Intel, three sources said, dashing India's chip making plans. A second mega $19.5 billion plan to build chips locally by a joint venture between India's Vedanta and Taiwan's Foxconn is also proceeding slowly as their talks to rope in European chipmaker STMicroelectronics as a partner are deadlocked, a fourth source with direct knowledge said. The challenges faced by the companies deal a major setback to Prime Minister Narendra Modi, who has made chipmaking a top priority as he wants to "usher in a new era in electronics manufacturing" by luring global companies.
ReutersModi's chip making plan flounders as firms struggle to find tech partners
NEW DELHI/OAKLAND, California (Reuters) -Big companies including a Foxconn joint venture that bid for India's $10 billion semiconductor incentives are struggling due to the lack of a technology partner, a major setback for Prime Minister Narendra Modi's chipmaking ambitions. A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner has been stalled due to the company's ongoing takeover by Intel, three people with direct knowledge of the strategy said. A second mega $19.5 billion plan to build chips locally by a joint venture between India's Vedanta and Taiwan's Foxconn is also proceeding slowly as their talks to rope in European chipmaker STMicroelectronics as a partner are deadlocked, a fourth source with direct knowledge said.
BloombergBillionaire's Chip Dreams Stymied as India Set to Deny Funding
India's government is poised to deny crucial funding for billionaire Anil Agarwal's chip venture Vedanta Resources Ltd., a setback for a $19 billion push to make semiconductors in the country. Bloomberg's Sankalp Phartiyal reports on "Bloomberg Markets: Asia."
ReutersFoxconn sees AI driving strong server demand, but full year to be flat
Apple Inc supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive demand for its server business this year but reiterated 2023 overall would be a flat one for the company on global economic woes. Foxconn Chairman Liu Young-way told the company's annual shareholders meeting the firm remained cautious about this year due to monetary policy tightening, geopolitical tensions and uncertainty over inflation, but servers were a bright spot due to surging interest in AI. The Taiwanese company has a 40% global market share for servers and aims to further increase that, Liu added.
ReutersIndia poised to deny funding for Vedanta-Foxconn chip venture - Bloomberg News
The authorities are likely to inform the venture between Vedanta and Taiwan's Foxconn that it won't get incentives to make 28-nanometer chips, the report said, citing people familiar with the matter. The venture's application seeking billions in government assistance hasn't met the criteria set by the government, the report said. Foxconn declined to comment on the report, while India's technology ministry and Vedanta did not immediately respond to Reuters requests for comment.
WSJFires, Short Sellers and an EV Recall: Inside Lordstown Motors’ Decline
Lordstown Motors was once in the race to build America’s first EV pickup truck. But now – after vehicle fires, short seller reports and recalls – the company has turned to a reverse stock split to try and avoid filing for bankruptcy protection. Illustration: David Fang
- Reuters
UPDATE 3-Lordstown opts for reverse stock split to meet Nasdaq rules, placate Foxconn
Lordstown Motors Corp on Tuesday announced a reverse stock split to meet Nasdaq listing norms and appease investor Foxconn, which has threatened to scrap a crucial $170 million funding for the struggling electric-vehicle maker. The 1:15 split has been scheduled for May 24, the company said, but added there was no assurance that the Foxconn deal will close. Lordstown Motors' shares fell 10% in premarket trading to $0.26, slipping further below the $1 minimum listing requirement of the Nasdaq.
- Reuters
CORRECT-UPDATE 4-Quanta Computer to invest $1 bln in northern Mexico
Taiwan-based electronics manufacturer Quanta Computer will invest $1 billion in the northern Mexican state of Nuevo Leon, the company and state government said Monday. Nuevo Leon Governor Samuel Garcia first announced the investment in a video shared to Twitter, adding that it would lead to the creation of 2,500 jobs.
- Reuters
CORRECTED-UPDATE 3-Quanta Computer to invest $1 bln in northern Mexico
Taiwan-based electronics manufacturer Quanta Computer will invest $1 billion in the northern Mexican state of Nuevo Leon, the company and state government said Monday. Nuevo Leon Governor Samuel Garcia first announced the investment in a video shared to Twitter, adding that it would lead to the creation of 2,500 jobs. Speaking from Quanta Computer's offices in Taiwan, Garcia said the investment reflected the potential of "nearshoring" and was a sign of an economic boom in the state.
ReutersApple supplier Foxconn to invest $500 million in India's Telangana state
BENGALURU (Reuters) -Apple Inc supplier Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the state's IT minister said on Monday. The investment will create 25,000 jobs in the first phase, K. T. Rama Rao said in a tweet. Reuters in March reported that Foxconn had won an order to make AirPods for Apple and planned to build a factory in India to manufacture the products.
BloombergFoxconn Says Lordstown Plant Useful No Matter How Dispute Ends
(Bloomberg) -- Foxconn Technology Group will be able to make good use of its electric-vehicle factory in Lordstown, Ohio, no matter how its dispute with Lordstown Motors Corp. is resolved, Chairman Young Liu said.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffGoogle Billionaire Sergey Brin Gifts $600 Million in S
BloombergApple Partner Hon Hai’s Profit Misses Despite iPhone Rebound
(Bloomberg) -- Hon Hai Precision Industry Co. reported its third consecutive quarterly profit miss, after Apple Inc.’s main assembler succumbed to a persistently weak Android phone market.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersMichael Burry Doubles Alibaba Stake in Big Bet on China TechTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubTurkey Set for Runo
- Reuters
Japan's Sharp tumbles to $1.9 billion loss on hefty writedown
Sharp Corp, the Japanese electronics maker owned by Taiwan's Foxconn, posted on Thursday a full-year loss of $1.9 billion after writing down the value of its panel display business and a swathe of other assets. The supplier of sensors and screens for Apple Inc's iPhone reported a group net loss of 261 billion yen ($1.9 billion) in the year that ended in March, from a profit of 74 billion yen a year earlier. Despite slightly higher sales, Sharp said it took a hit of 220 billion yen as it wrote down the value of building and machinery in both its LCD and OLED display businesses in Japan, as well software, machinery and buildings in China, Europe, Japan and the United States.
- Reuters
Japan's Sharp tumbles to $1.9 bln loss on hefty writedown
Sharp Corp, the Japanese electronics maker owned by Taiwan's Foxconn, posted on Thursday a full-year loss of $1.9 billion after writing down the value of its panel display business and a swathe of other assets. The supplier of sensors and screens for Apple Inc's iPhone reported a group net loss of 261 billion yen ($1.9 billion) in the year that ended in March, from a profit of 74 billion yen a year earlier. Despite slightly higher sales, Sharp said it took a hit of 220 billion yen as it wrote down the value of building and machinery in both its LCD and OLED display businesses in Japan, as well software, machinery and buildings in China, Europe, Japan and the United States.
- Reuters
UPDATE 3-Apple supplier Foxconn's Q1 profit plunges, outlook "conservative"
Apple Inc supplier Foxconn on Thursday posted a 56% plunge in first-quarter net profit, lagging forecasts in its biggest quarterly fall in three years, and said visibility for the full year was "limited". The Taiwanese company said net profit for the January-March quarter fell to T$12.8 billion ($417.17 million) from T$29.45 billion in the same period the previous year. It was much worse than an average forecast of T$29.18 billion in profit from 13 analysts, according to Refinitiv.
ReutersApple supplier Foxconn's Q1 profit plunges, outlook "conservative"
TAIPEI (Reuters) -Apple Inc supplier Foxconn on Thursday posted a 56% plunge in first-quarter net profit, lagging forecasts in its biggest quarterly fall in three years, and said visibility for the full year was "limited". The Taiwanese company said net profit for the January-March quarter fell to T$12.8 billion ($417.17 million) from T$29.45 billion in the same period the previous year. It was much worse than an average forecast of T$29.18 billion in profit from 13 analysts, according to Refinitiv.
BloombergIndia Renews Call for Chipmakers as Billionaire’s Effort Drags
(Bloomberg) -- India is set to revive its effort to lure prospective chipmakers into the country as projects already disclosed, including billionaire Anil Agarwal’s $19 billion plan, are taking time to get off the ground.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpJeffrey Epstein Keeps Haunting Wall Street Long After His Dea