Foxconn Chairman Younger Liu delivers a speech throughout the Hon Hai Tech Day in Taipei on Oct. 18, 2023.
I-hwa Cheng | AFP | Getty Pictures
Foxconn, the world’s largest contract electronics maker, mentioned Wednesday that its third-quarter revenue jumped 17% from a 12 months earlier, pushed by progress in its synthetic intelligence server enterprise.
Here is how Foxconn did within the September quarter in contrast with LSEG SmartEstimates, that are weighted towards forecasts from analysts who’re extra constantly correct:
- Income: $2.06 trillion New Taiwan {dollars} ($66.29 billion) vs. NT$2.06 trillion anticipated
- Web revenue: NT$57.67 billion vs. NT$50.41 billion
Foxconn, formally often known as Hon Hai Precision Business, is finest often known as the world’s largest producer of Apple‘s iPhones, however has been shifting into different enterprise avenues, together with AI. The agency manufactures server racks designed for AI workloads and has turn out to be a key accomplice to American AI chip darling Nvidia.
The corporate mentioned it expects operations within the second half of the 12 months — the standard peak season — to keep up steady quarterly progress, citing stronger AI server shipments and rising demand for data and communications know-how merchandise.
Nevertheless, Foxconn cautioned that international political and financial uncertainty, together with alternate price fluctuations, would require continued shut monitoring.
Foxconn reported that its ‘Cloud and Networking’ phase noticed robust year-on-year progress, supported by demand for AI server…
