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Foxconn profits top forecast, driven by AI server sales
Hon Hai Technology Group, better known as Foxconn, is reporting that its second-quarter profits climbed due to its AI server sales, which are now making up the largest portion of revenue for the electronics giant, surpassing smartphones as its top revenue source.
AI servers are poised to continue driving Foxconn’s top line in the current quarter, with the company projecting a more than ...
Nvidia stock was slipping despite Foxconn projecting more than 170% growth in revenue from AI servers in the current quarter.
Foxconn expects AI-server revenue to surge more than 170% year-over-year this quarter as demand for Nvidia (NASDAQ:NVDA ...
Foxconn plans to cease production of electric, self-driving tractors at its Lordstown plant for California manufacturer Monarch Tractor.
Monarch's tractors were the only vehicles being built by Foxconn in Ohio after Lordstown Motors, Fisker Inc., and IndiEV went ...
Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report on Thursday that second-quarter ...
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Nvidia partner Foxconn reports strong surge in AI server sales
Hon Hai Precision Industry (Foxconn) reported a 27% increase in Q2 profits, driven by sales in its AI server business. The ...
Foxconn spent years promising electric vehicles would be built at the former Chevy Cruze factory. Now it will make AI servers ...
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