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FOXCONN PROFIT SURGE
Taiwanese electronics firm Foxconn's Q3 profit rises 17%, beats forecastsFoxconn reported a 17% rise in third-quarter profit to $1.89 billion, beating forecasts, driven by strong demand for AI servers. The Apple ...
Foxconn sees robust AI demand as second-quarter profit tops forecastThe company said artificial intelligence server revenue is expected to leap more than 170% year-on-year in the coming quarter, though it al...
Foxconn profit surges on AI demand, but more conservative on 2025 outlookFoxconn reported a 91% surge in Q1 profit, driven by strong AI server demand, beating forecasts. Despite robust AI growth, it issued a more...
BluSmart fleet on the block, HCL-Foxconn semicon JVLenders and lessors are planning to sell EVs on the BluSmart fleet to recover their dues. This and more in today’s ETtech Morning Dispatch.
Nissan shares jump 11% on reported plan to seek Tesla investmentShares in Nissan surged 11 percent Friday after a report said a high-level Japanese group including a former prime minister planned to ask ...
Ecomm’s catching up with qcomm; Foxconn’s Tamil Nadu facilityHappy Wednesday! Ecommerce firms are trying to catch up with quick commerce players as they shorten their delivery timelines. This and more...
Major Apple supplier Foxconn expected to report strong Q3 results on AI boomFoxconn's shares have surged more than 100% so far in 2024, far outperforming the broader market's 28% gain. Foxconn said last month it was...
Foxconn net profit rises in second quarter on AI demandThe figures represent the fourth consecutive quarter of profit growth for the firm as it rides the wave of demand for generative AI -- foll...
Apple supplier Foxconn turns upbeat on 2024, cites huge demand for AI serversThe upbeat tone comes after a forecast-beating 33% jump in net profit for the fourth quarter. It also contrasts sharply with remarks by Fox...
Freshworks ups profit guidance to $28 million for 2023; Foxconn will pump $600 million in Karnataka unitsSoftware-as-a-service company Freshworks, which saw its revenue for the quarter ended June surge 19% to $145.1 million, expects to report a...
IT earnings off to a good start in Q1; Nazara says GST impact minimalIndia’s top software exporter Tata Consultancy Services kicked off the earnings season with a forecast-beating double-digit growth in Q1 ne...
Foxconn sees AI driving strong server demand, but full year to be flatFoxconn Chairman Liu Young-way told the company's annual shareholders meeting the firm remained cautious about this year due to monetary po...
Foxconn sees AI driving strong server demand, but full year to be flatFoxconn Chairman Liu Young said during the company's annual shareholders meeting that the firm remained cautious about this year due to mon...
Foxconn looks to expand Chennai iPhone facility; awe and nostalgia at Apple’s Mumbai store launchDriven by the sharp increase in exports of Apple products from India, Foxconn is strengthening its manufacturing presence in the country. T...
Foxconn looks to expand Chennai iPhone facilityThis comes amid Apple CEO Tim Cook’s visit to India to launch its first store in the country, signalling the American giant’s growing ambit...
Foxconn to invest under $ 1 billion in BengaluruFoxconn's increased India push is triggered by a strong domestic demand for iPhones as well as a surge in exports from India led by the ove...
Foxconn building employee hostels near Tamil Nadu plantFoxconn Hon Hai, an India-based corporate entity owned by the Taiwanese electronics major, makes Apple phones - including the iPhone 14 - a...