Foxconn sees robust AI server demand, posts 14% rise in Q3 profit
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.
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
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