Foxconn sees robust AI server demand, delays EV target
He said its plants in Wisconsin and Texas have seen steady growth in sales on strong demand for AI servers, and the outlook for its U.S. operations is positive. Foxconn, also a key supplier to Nvidia, kept its 2024 guidance of "significant" sales growth as ...
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 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
Foxconn Profit Beats on Robust AI Server Demand
Foxconn Technology Group reported better-than-expected profit for the third quarter, thanks to continued high demand for AI-related hardware, the latest sign that its recent focus is paying off. The Taiwanese company, formally known as Hon Hai Precision ...
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 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 ...
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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Financial resilience key to AI server ODMs amidst booming demand from likes of Nvidia's GB200
Taiwan-based server original design manufacturers (ODMs) anticipate a significant surge in AI server sales by 2025. However, ...
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.
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 ...