Foxconn reports 14% Q3 profit jump, expects AI servers to account for 50% of total server revenue in 2025
Foxconn’s third-quarter revenue jumped 20 per cent year-on-year (YoY), driven by demand for AI servers. This helped the company achieve its highest-ever revenue for the quarter. Foxconn’s shares have doubled in value so far this year, outpacing the broader market’s 28 per cent gain. / TISG
Taiwanese contract manufacturer Foxconn on Thursday said it was reiterating its outlook but with better visibility after ...
Hon Hai (Foxconn) achieved record-breaking revenue of NT$1.85 trillion (US$56.77 billion) in the third quarter of 2024, while ...
Nvidia was gaining early Thursday amid signs of robust demand for artificial-intelligence chips from the wider market.Nvidia ...
Foxconn, Pegatron, and Quanta Computer are ready to rapidly ramp up US manufacturing investment in response to any changes in ...
Apple supplier Foxconn reported on Thursday a 14% rise in third-quarter net profit, driven by strong AI server demand.
AI Growth Projections Taiwanese tech giant Foxconn has reported a forecast-topping net profit for the third quarter and ...
Taiwanese tech giant Foxconn on Thursday reported a forecast-topping net profit for the third quarter and said it expected further strong growth in demand for artificial intelligence servers.
Foxconn's stock has benefited from the artificial-intelligence boom, with shares more than doubling this year. However, its shares dropped 12% in the third quarter amid market volatility and fears of ...
Foxconn (FXCOF) just dropped a bombshell for investors, reporting a Q3 net profit of $1.5 billiona 14% surge year-on-yearwhile revenue skyrocketed 20% to hit a record $57 billion. The world's largest ...
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