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
Foxconn sees net profit rise 14% in Q3 on the back of strong demand for AI servers
The company said that the cumulative revenue of AI servers in the first three quarters of this year grew more than 200% compared to the same period last year, and general server revenue also grew by more than 20%.
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.
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 ...
Nvidia Stock Rises. What ASML and Foxconn Are Saying About AI Chip Demand.
Nvidia was gaining early Thursday amid signs of robust demand for artificial-intelligence chips from the wider market.Nvidia ...
Businessworld1h
Foxconn Reports 7% Profit Increase In Q3
Foxconn, the contract electronics maker, is set to report a 7 per cent year-on-year increase in third-quarter profit, driven by strong demand for artificial intelligence (AI) servers. The company, ...
Fudzilla1d
Foxconn reports record profit
AI Growth Projections Taiwanese tech giant Foxconn has reported a forecast-topping net profit for the third quarter and ...
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 ...
The Financial Times1d
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 ...