Foxconn sees robust AI server demand, posts 14% rise in Q3 profit
Taiwan's Foxconn , the world's largest contract electronics maker, said on Thursday it expected robust growth in its artificial intelligence server business next year after reporting a better-than-expected 14% rise in quarterly profit.
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
Apple supplier Foxconn reported bumper profits on Thursday on strong demand for artificial intelligence servers. The world’s largest contract manufacturer said net profit in the three months to ...
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 ...
Taiwan's Foxconn, the world's largest contract electronics maker, said on Thursday it expected robust growth in its ...
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