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Foxconn second-quarter revenue jumps 40% y/y

TAIPEI, July 5 (Reuters) – Taiwan’s Foxconn, the world’s ​largest contract ‌electronics maker and Nvidia’s biggest server maker, reported ‌on ​Sunday a ⁠jump of ⁠39.8% in second-quarter revenue year on year, fuelled ​by strong AI-related demand. Revenue ⁠for the ⁠quarter from ​April to June ​was T$2.513 trillion ($78.71 billion), ‌Foxconn said in a statement, above […]

TAIPEI, July 5 (Reuters) – Taiwan’s Foxconn, the world’s ​largest contract ‌electronics maker and Nvidia’s biggest server maker, reported ‌on ​Sunday a ⁠jump of ⁠39.8% in second-quarter revenue year on year, fuelled ​by strong AI-related demand.

Revenue ⁠for the ⁠quarter from ​April to June ​was T$2.513 trillion ($78.71 billion), ‌Foxconn said in a statement, above the ⁠LSEG SmartEstimate of T$2.372 trillion that gives ⁠greater ‌weight to ⁠forecasts from ​analysts ‌who are ​more consistently ⁠accurate.…Read more by Syndicated Content

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