Reported 1 day ago
Hon Hai Precision Industry Co., commonly known as Foxconn, reported a significant revenue growth of 20.2% for the last quarter, driven primarily by rising demand for AI servers which helped offset sluggish smartphone sales. The company achieved sales of NT$1.85 trillion ($57.9 billion), surpassing analyst expectations and marking a strong recovery from earlier this year. Analysts suggest that Hon Hai's focus on AI technologies will be crucial for sustained growth, especially as global smartphone demand stabilizes.
Source: YAHOO