Foxconn's third-quarter profit surged 34%, exceeding forecasts, driven by robust AI demand. The world's largest contract electronics maker reported T$77.5 billion net profit.
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Foxconn's significant profit increase in the third quarter.
How strong AI demand is boosting Foxconn's financial performance.
Foxconn's role as a major supplier for Nvidia and Apple.
TAIPEI: Taiwan’s Foxconn, the world’s largest contract electronics maker, reported a 34% rise in third-quarter profit on Thursday, beating analyst forecasts on continued strong demand for AI.
Net profit for the July to September period for Nvidia’s biggest server maker and Apple’s top iPhone assembler was T$77.5 billion ($2.35 billion), versus an LSEG consensus estimate of T$69.6 billion and compared with T$57.7 billion a year earlier.
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