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flag Foxconn's Q4 profit fell 2% despite record revenue, hurt by rising costs and EV challenges, though AI demand boosts optimism.

flag Foxconn reported a 2% decline in fourth-quarter net profit to T$45.21 billion ($1.42 billion), missing estimates, despite record revenue driven by strong global demand for AI servers and iPhones. flag The company, a key supplier for Apple and Nvidia, continues expanding AI production in Mexico and Texas and is advancing electric vehicle initiatives, though its EV venture faces challenges. flag While geopolitical tensions and economic uncertainties persist, Foxconn maintains optimism in AI-driven demand and supply chain resilience, though rising costs and margin pressures are affecting profitability.

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