Streetbeat News

FXCOF

Foxconn Technology Co. Ltd.

http://www.foxconntech.com.tw/

Industry

Computer Terminal and Other Computer Peripheral Equipment Manufacturing

Open

1.76

Mkt cap

2.5B

Volume

High

1.76

P/E Ratio

17.60

52-wk high

1.76

Low

1.76

Div yield

0.02

52-wk low

1.76

Foxconn Technology Co., Ltd. (OTC:FXCOF) has received approval from Vietnam to invest $246 million in two new projects in Quang Ninh, northern Vietnam. The projects, to be undertaken by Foxconn Singapore, will focus on manufacturing and assembling telecom and electric vehicle (EV) parts. Foxconn will spend $200 million on producing EV chargers and components, starting in January 2025, and $46 million to produce electronics and telecommunication components in October 2024. The company's total investments in Vietnam amount to about $3 billion.

Portfolio Pulse from Nabaparna Bhattacharya

June 30, 2023 | 12:07 pm

Lordstown Motors plans to take legal action against Foxconn after the latter failed to close the purchase of approximately 10% of Lordstown's shares for $47.3 million. Lordstown had earlier warned of potential bankruptcy due to uncertainty of a $170 million investment deal with Foxconn.

Portfolio Pulse from Shivani Kumaresan

June 09, 2023 | 3:04 pm

Lordstown Motors Corp (NASDAQ:RIDE) announced a 1:15 reverse stock split on May 24 to avoid potential Nasdaq delisting and secure a $170-million funding lifeline from Foxconn Technology Co Ltd (OTC:FXCOF). The company has manufactured 56 units of its EV model, the Endurance, and delivered 18 to customers.

Portfolio Pulse from AJ Fabino

May 23, 2023 | 3:30 pm

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