Foxconn Posts Strong Profit and Warns of Tight Supply
Foxconn reported a thirty four percent rise in quarterly net profit driven by robust artificial intelligence demand. The manufacturer warned that key component shortages will likely persist next year.
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HON HAI PRECISION INDUSTRY reported a net profit of T$77.5 billion ($2.35 billion) for the third quarter, rising 34% on year and beating consensus estimates. It is the world's largest contract electronics maker, driven by surging demand for AI infrastructure. Net income topped the LSEG consensus estimate of T$69.6 billion.
