Foxconn Q3 Revenue Surges 47% Driven by AI Demand
Taiwan's Foxconn, a major supplier for Nvidia, reported a 47% year-on-year increase in third-quarter revenue, surpassing market expectations. The growth was significantly fueled by strong demand related to artificial intelligence.
Taiwan’s Foxconn, the world’s largest contract electronics maker and Nvidia’s biggest server maker, said on Monday that third-quarter revenue rose 47% year on year, beating market forecasts on strong AI-related demand. Revenue for the July-to-September quarter was T…