Tag: $Foxconn

Foxconn (2317.TW), said on Monday it plans to manufacture data centre equipment with Japan’s SoftBank (9984.T), at the Taiwanese firm’s former electric vehicle factory in Ohio, part of the Stargate project to advance U.S. artificial intelligence infrastructure.

Taiwan’s Foxconn, the world’s largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year over year, on the strength of its growing artificial intelligence server business.

Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, downgraded its full-year outlook on Wednesday citing uncertainty about U.S. tariffs, even as it struck an upbeat note about booming demand for AI servers.

Foxconn Technology Group reported weaker-than-expected quarterly results but forecast a strong 2025 as the world’s largest contract electronics maker continues diversifying its business, moving into growth areas such as artificial intelligence and electric vehicles.

Taiwan’s Foxconn said on Monday it has launched its first large language model and plans to use the technology to improve manufacturing and supply chain management.

Taiwanese electronics companies are planning more investments in the U.S. state of Texas, with announcements possible in May to coincide with President Donald Trump’s first 100 days in office, the head of an industry body said on Tuesday.

Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers.

Apple supplier Foxconn said on Tuesday it remained confident about strong AI server demand this year driving revenue, and pledged to stand by Japan’s Sharp after taking a large, profit-impacting writedown last year.

Apple iPhone manufacturer Foxconn on Friday posted a dip of 9.6% in revenue for the first quarter of 2024, compared to the same period last year.

Shares of Apple suppliers fall in Asia on Wednesday after Barclays downgraded Apple on concerns of demand weakness.

On Tuesday, Foxconn reported third-quarter profit rose 11.27% from a year ago, beating analysts’ expectations despite an ongoing consumer electronics slump.

Foxconn , which makes Apple  iPhones, reported a decline in profits in the second quarter, but still managed to beat expectations.

BEIJING/SHANGHAI, July 10 (Reuters) – China’s passenger vehicle sales fell in June, data from the China Passenger Car Association (CPCA) showed on Monday, as a stumbling economic recovery led to more consumer caution on big-ticket spending.