“Taiwan’s Foxconn, the world’s largest electronics contract manufacturer, beat expectations with its highest-ever fourth-quarter revenue amid strong demand for artificial intelligence (AI) servers.”, — write: epravda.com.ua
Taiwan’s Foxconn, the world’s largest electronics contract manufacturer, beat expectations with its highest-ever fourth-quarter revenue amid strong demand for artificial intelligence (AI) servers. This is reported by Reuters. Strong demand for AI servers has led to significant revenue growth for Foxconn’s cloud and networking products division, which includes Nvidia as a customer. The “smart” consumer electronics sector, which includes the iPhone, saw “roughly flat” year-over-year growth, Foxconn said in a statement.Advertisement: Total revenue reached NT$654.8 billion in December alone, up 42.3% , than last year, and is the second highest indicator for the month. Foxconn shares have jumped 76% in the past year, well ahead of the 28.5% rise in the broader Taiwan market. They fell 0.8% on Friday ahead of the release of earnings data, compared with a 0.3% rise in the benchmark index. The company will report its full fourth quarter earnings on March 14.