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Foxconn sees robust AI server demand, delays EV target
Taiwan's Foxconn expects robust growth in its artificial intelligence server business next year and will increase investment in several countries amid mounting trade tensions between the U.S. and China,
Foxconn expects AI servers to account for over 50% of server revenue in 2025, but EV targets might be delayed
Hon Hai Precision Industry (Foxconn) held its third quarter online earnings call on November 14, during which chairman Young Liu highlighted record-breaking cumulative revenue, gross margin, operating profit,
Foxconn rides the AI wave: Q3 profits soar amidst server demand
Taiwanese electronics giant Foxconn, the world's leading contract manufacturer and a key Apple supplier, reported a surge in third-quarter profits, exceeding market expectations.
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's Q3 profit rises 14%, beats forecasts
Apple supplier Foxconn reported on Thursday a 14% rise in third-quarter net profit, driven by strong AI server demand.
Foxconn Profit Beats on Robust AI Server Demand
The contract electronics maker reported better-than-expected profit for the third quarter as the artificial-intelligence boom drove demand for AI servers.
1d
on MSN
Foxconn Posts Better-Than-Expected Profit on AI Server Sales
Foxconn Technology Group reported better-than-expected profit for the third quarter as the artificial-intelligence boom drove ...
4d
Apple turns to Foxconn and Lenovo to build new AI servers based on Apple Silicon
According to a recent Nikkei report, Apple first approached Foxconn to produce the new servers in Taiwan, then engaged Lenovo ...
Fudzilla
1d
Foxconn reports record profit
AI Growth Projections Taiwanese tech giant Foxconn has reported a forecast-topping net profit for the third quarter and ...
The Financial Times
1d
Live news: Foxconn reports bumper profit on demand for AI servers
Apple supplier
Foxconn
reported bumper profits on Thursday on strong demand ... The company has been buoyed by growing
AI
related manufacturing work this year. “We’re not only an
AI
supplier but ...
Digi Times
2d
Apple may seek Foxconn's global capacity for AI servers
The rise of ChatGPT and other
AI
applications has driven IT companies to develop their own
AI
chips and servers, to meet ...
1d
on MSN
IPhone Maker Hon Hai’s Profit Beats Estimates On AI Demand
Key iPhone assembler Hon Hai Precision Industry Co. reported a stronger-than-expected quarterly profit on persistent demand ...
1d
on MSN
Nvidia Stock Rises. What ASML and Foxconn Are Saying About AI Chip Demand.
Nvidia shares gain as ASML and Foxconn both say they still see strong signs of demand for artificial-intelligence ...
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