Tech
Taiwanese electronics firm Foxconn’s Q3 profit rises 17%, beats forecasts
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Taiwan’s Foxconn, the world’s largest contract electronics maker, posted a 17% rise in third-quarter profit on Wednesday, beating market forecasts, on sustained strength in demand for artificial intelligence servers.
Net profit for the July-September period for Nvidia’s biggest server maker and Apple’s top iPhone assembler was T$57.67 billion ($1.89 billion), higher than the consensus estimate of T$50.4 billion compiled by LSEG.
Foxconn, formally called Hon Hai Precision Industry, last month reported a forecast-beating third-quarter revenue on strong…
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