Reported 2 months ago
Foxconn, Apple's key supplier, reported a 6% increase in net profit for the second quarter, driven by a surge in demand for AI servers. The company's net profit reached T$35.05 billion, surpassing analyst expectations. Foxconn anticipates continued robust demand for AI technology, with plans for a new semiconductor product delivery in the fourth quarter. Despite a stable outlook for its smartphone business, Foxconn is optimistic about significant revenue growth in the coming quarters driven by AI product sales.
Source: YAHOO