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Foxconn profits top forecast, driven by AI server sales
Hon Hai Technology Group, better known as Foxconn, is reporting that its second-quarter profits climbed due to its AI server sales, which are now making up the largest portion of revenue for the electronics giant, surpassing smartphones as its top revenue source.
Foxconn has hit a turning point. For the first time, it has made more money from building AI servers than from assembling ...
AI servers are poised to continue driving Foxconn’s top line in the current quarter, with the company projecting a more than ...
Nvidia stock was slipping despite Foxconn projecting more than 170% growth in revenue from AI servers in the current quarter.
Teco Electric and Machinery recently formalized a strategic share swap agreement with Foxconn, aiming to leverage emerging ...
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Nvidia partner Foxconn reports strong surge in AI server sales
Hon Hai Precision Industry (Foxconn) reported a 27% increase in Q2 profits, driven by sales in its AI server business. The ...
Monarch's tractors were the only vehicles being built by Foxconn in Ohio after Lordstown Motors, Fisker Inc., and IndiEV went ...
The gush of second quarter earnings reports is beginning to slow to a trickle, and with most of the reports in, the results have been mostly positive.
The AI boom helped Apple supplier Foxconn earn more from manufacturing servers than smartphones for the first time, marking a milestone in its efforts to reduce its dependency on the low-margin ...
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