Tag: Development

Foxconn Q3 Profit Rises 17% on Surging AI Server Demand

Key Highlights Introduction Taiwan’s Foxconn Technology Group (2317.TW), the world’s largest electronics contract manufacturer, reported a 17% increase in third-quarter profit, surpassing analyst expectations.The company, best known for assembling Apple’s iPhone and producing servers for Nvidia, credited the gain to robust demand for artificial intelligence (AI) hardware and resilient global consumer electronics sales. Net profit