Foxconn posts profit growth on strong AI server demand
Photo: Reuters
Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, posted a 17% increase in third-quarter profit on Wednesday, exceeding market expectations amid sustained demand for artificial intelligence servers.
Net profit for the July-September period for Nvidia's biggest server maker and Apple's top iPhone assembler was T$57.67 billion ($1.89 billion), versus an LSEG consensus estimate of T$50.4 billion, News.Az reports, citing Reuters.
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