Reported 10 days ago
Taiwan's Foxconn, the world's largest contract electronics manufacturer and a major Apple supplier, is expected to report a 7% year-on-year rise in Q3 profits due to booming demand for AI servers. The company's revenue soared 20% compared to last year, marking its highest quarterly revenue yet. Analysts estimate a net profit of T$46.3 billion for the period, alongside a positive outlook for the fourth quarter, driven by record sales and AI-related expansion efforts.
Source: YAHOO