Foxconn reports record Q1 revenue of $49.5B, citing strong AI demand and political uncertainty.
Foxconn, the world's largest contract electronics maker, reported record first-quarter revenue of $49.5 billion, up 24.2% year-on-year, driven by strong demand for AI products. The company emphasized the need to closely monitor global politics due to potential impacts on business. Foxconn, known for assembling iPhones, saw significant growth in its cloud and networking products division.
5 days ago
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