Known for assembling iPhones for Apple, among other things, Foxconn is playing an increasingly important role in building AI servers for U.S. tech giants such as Amazon and Nvidia. The world’s largest contract electronics maker on Thursday said its third ...

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, the world’s largest contract electronics maker reported better-than-expected third quarter financials on firm demand for AI servers. The Taiwanese firm saw a 14% rise in quarterly profit driven by strong demand for AI.

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’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

Foxconn said net profit for the three months to September hit NT$49.3 billion (US$1.5 billion), up 14 percent from a year ago and beating the NT$45.9 billion expected by analysts surveyed by Bloomberg. Revenues for the July-September period rose 20 percent on-year to NT$1.9 trillion.

Taiwan's Foxconn, the world's largest contract electronics maker, said on Thursday it expected robust growth in its artificial intelligence server business next year after reporting a better-than-expected 14% rise in quarterly profit.

Hon Hai Precision Industry (Foxconn) held its third quarter online earnings call on November 14, during which chairman Young Liu pointed to record highs in cumulative revenue, gross margin, operating profit, and net profit for the same period in previous... Save my User ID and Password Some subscribers prefer to save their log-in information so they do not have to enter their User ID and Password each time they visit the site. To activate this function, check the 'Save my User ID and Password' box in the log-in section. This will save the password on the computer you're using to access the site. Note: If you choose to use the log-out feature, you will lose your saved information. This means you will be required to log-in the next time you visit our site. Full access to articles dating back to 2000. Real-time access to the news as it breaks. Access to premium content. Full access to Tomorrow's Headlines. Asia Supply Chain 250 dataset access.