reuters.com

AI Demand Pushes Foxconn to Record July Revenue

Foxconn (Hon Hai Precision Industry) logoFoxconn (Hon Hai Precision Industry)
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Foxconn’s cloud and networking division, including AI servers, delivered strong growth in July, while its smart consumer electronics unit also rose, lifting monthly revenue to a record. The company expects AI rack shipments to keep expanding into Q3 as ICT products hit peak season, projecting both QoQ and YoY growth while monitoring political and economic volatility.

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