Last 79.80 TWD
Change Today +1.40 / 1.79%
Volume 5.4M
2354 On Other Exchanges
As of 12:15 AM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

foxconn technology co ltd (2354) Snapshot

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12/4/14 - 92.70
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03/4/14 - 64.48
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foxconn technology co ltd (2354) Details

Foxconn Technology Co., Ltd. is engaged in design sales, and manufacturing of Mg/Al casing and mechanic parts, thermal modules, and consumer electronic products. The company’s products and solutions include system assembly of 3C products, mechanical design, processing, and sales. It offers thermal modules for O/T, NB, server, and other 3C products. The company’s Mg and alloy products include portable computer enclosures, mobile phone enclosures, and 3C product enclosures. Foxconn Technology Co., Ltd. was founded in 1979 and is headquartered in New Taipei City, Taiwan.

Founded in 1979

foxconn technology co ltd (2354) Top Compensated Officers

General Manager
Total Annual Compensation: 6.9M
Compensation as of Fiscal Year 2013.

foxconn technology co ltd (2354) Key Developments

Foxconn's Chennai Factory to Shut Down on February 10, 2015

Foxconn's Chennai factory to shut down on 10 February, after Nokia India, its sole client, shuttered its plant on 22 December. The unions will meet the deputy labour commissioner on 11 February and continue their protests against the plant closure. Seven rounds of talks have already taken place between Foxconn, workers and the labour department. Foxconn has offered a voluntary retirement scheme or severance package but only a dozen out of the 1,306 workers at its Sriperumbudur plant have opted for it, Muthuraman claimed. The severance package involves two months' salary for every year of service with a cap of 12 months, with a lump sum INR 50,000. The workers will also get a bonus of INR 8,300 and a service compensation of INR 2,000 for every five years, along with three months of notice period pay.

Faxconn Eyes Nokia's Chennai Plant

Foxconn Technology Co., Ltd. (TSEC:2354) has emerged as a possible buyer for Nokia Corporation (HLSE:NOK1V) Chennai factory. "The proceeds from the sale (of the plant) could be deposited into an escrow account, which, upon the final court ruling, can go to the winner," a senior government official said.

21Vianet Group, Inc. Establishes Smart Time Technologies Limited Strategic Joint Venture with Foxconn Technology Group

21Vianet Group, Inc. announced that the company has established Smart Time Technologies Limited a strategic joint venture with Foxconn Technology Group. 21Vianet and Foxconn will invest a combined total of $25 million in the initial phase of the cash investment in return for 60% and 40% equity interest in the Joint Venture, respectively. Through this Joint Venture, 21Vianet and Foxconn will jointly build and develop a global supply chain for the internet data center (IDC) and cloud computing infrastructure markets. In addition, the companies also announced that they plan to open a 21Vianet-Foxconn Internet Infrastructure and Engineering Technology Research and Development Center. This development is expected to further strengthen the technological collaboration between the two companies. Building upon the strategic partnership that the Companies announced in April 2014, Smart Time Technologies will serve as the operating entity in both domestic and foreign IDC markets, responsible for data center planning, design, construction, project financing, operations and maintenance (O&M), customization, design-build, technical support and other services. Additionally, the Joint Venture will seek business opportunities in the power and network equipment markets, in an effort to further improve the overall efficiency and reliability of data center operations and strengthen the basic and value-added network service capabilities.


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