Reported 1 day ago
Foxconn, the largest contract electronics manufacturer in the world, achieved record revenue in Q3, totaling T$1.85 trillion ($57.3 billion), a 20.2% increase from last year, spurred by strong demand for AI servers. This performance surpassed the company's expectations and outstripped market estimates. The cloud and networking division saw significant growth, contributing to Foxconn's robust financial results, while the smart consumer electronics sector remained stable due to new product launches. The company's shares have surged 86% this year, significantly outperforming the broader Taiwanese market.
Source: YAHOO