Foxconn Technology Group announced a 17% increase in third-quarter profits, exceeding analyst expectations. The company’s earnings reached T$57.67 billion, representing a significant jump from the consensus estimate of T$50.4 billion. This positive performance is attributed to strong demand for artificial intelligence servers, a key component of Foxconn’s business. The Q3 results highlight sustained profitability driven by the global expansion of this significant contract manufacturer for both Nvidia and Apple. The company’s financial performance demonstrates a robust market position within the electronics industry.
Credits: News – South China Morning Post
