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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.
Manufacturer to the stars Foxconn is building so many AI servers that they’re now bringing in more cash than consumer ...
AI servers are poised to continue driving Foxconn’s top line in the current quarter, with the company projecting a more than ...
Foxconn has hit a turning point. For the first time, it has made more money from building AI servers than from assembling ...
Nvidia stock was slipping despite Foxconn projecting more than 170% growth in revenue from AI servers in the current quarter.
Monarch's tractors were the only vehicles being built by Foxconn in Ohio after Lordstown Motors, Fisker Inc., and IndiEV went ...
Foxconn apparently sold its Lordstown, OH, EV factory to a company created just weeks before, while claiming it will maintain ...
Foxconn has sold its Lordstown Assembly plant to an “existing business partner” but will continue to occupy the factory.
Foxconn spent years promising electric vehicles would be built at the former Chevy Cruze factory. Now it will make AI servers ...
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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 ...
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