Apple supplier Foxconn reported bumper profits on Thursday on strong demand ... The company has been buoyed by growing AI related manufacturing work this year. “We’re not only an AI supplier but ...
Taiwanese tech giant Foxconn on Thursday reported a forecast-topping net profit for the third quarter and said it expected further strong growth in demand for artificial intelligence servers.
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 ...