From Investing.com: 2024-11-14 01:35:40

Taiwan’s Foxconn reported a 14% rise in quarterly profit, driven by strong demand for AI servers. Third-quarter revenue increased 20%, hitting a record high. Net profit for July-September reached T$49.3 billion, beating analyst estimates. The company is building a large manufacturing facility in Mexico for Nvidia’s superchips. Foxconn’s October sales were record-breaking. Shares have doubled in 2024, closing down 1.4% on Thursday. ($1 = 32.4140 Taiwan dollars)



Read more at Investing.com: Major Apple supplier Foxconn’s Q3 profit up 14% on AI boom By Reuters