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
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 sees robust AI server demand, posts 14% rise in Q3 profit
The firm, a key supplier to Apple and Nvidia, kept its 2024 guidance of "significant" sales growth and forecast AI servers would account for 50% of its total server revenue next year. Foxconn said ...
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 ...
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 ...
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Foxconn reports record profit
AI Growth Projections Taiwanese tech giant Foxconn has reported a forecast-topping net profit for the third quarter and ...
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Apple may seek Foxconn's global capacity for AI servers
The rise of ChatGPT and other AI applications has driven IT companies to develop their own AI chips and servers, to meet ...
Foxconn's $1.5B Windfall: How AI is Powering an Unstoppable Profit Boom
Foxconn's AI-server sales exploded over 200% in 2024, turning its cloud and networking business into a cash cow contributing 32% of total revenue. While consumer electronicsa.k.a. iPhonesstagnated, AI ...
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 ...