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Taiwan's Foxconn reports 34% rise in Q3 profit, beats forecasts
- 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
AI Overview (with editorial review)
Brief AI Generated summary
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.
Read the full article for:
- 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.
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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.
Taiwan’s Foxconn reports 35% rise in Q2 profit, beats forecasts
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.