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Taiwan’s Foxconn, the world’s largest contract electronics maker, reported record second-quarter revenue on strong demand for artificial intelligence products but cautioned about geopolitical and exchange rate headwinds.
Revenue for Apple’s biggest iPhone assembler jumped 15.82% year-on-year to T$1.797 trillion, Foxconn said in a statement on Saturday, beating the T$1.7896 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate.
Robust AI demand led to strong revenue growth for its cloud and…
