Taiwan's Foxconn, the largest iPhone assembler for Apple, posted a 20.2% revenue jump in Q3, driven by high AI server demand.

Taiwan's Foxconn, the largest contract electronics manufacturer and primary iPhone assembler for Apple, reported a record third-quarter revenue of T$1.85 trillion ($57.3 billion), a 20.2% increase from the previous year. This surge, driven mainly by high demand for artificial intelligence (AI) servers, exceeded expectations and signals a positive outlook for both the tech and AI sectors.

October 05, 2024
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