Foxconn, the world's largest electronics contract manufacturer, announced on Wednesday that its profit in the third quarter increased by 17% compared to the previous year, driven by growth in its artificial intelligence server business. Foxconn, known as the world's largest manufacturer of iPhones, is also expanding into other fields, including AI. The company's revenue reached 2.06 trillion new Taiwan dollars (66.29 billion dollars), in line with expectations. Net profit amounted to 57.67 billion Taiwan dollars, compared to the expected 50.41 billion Taiwan dollars.
Foxconn's Q3 Profit Rises 17%
Foxconn's Q3 profit rose 17% due to its AI server business. Revenue reached 2.06 trillion Taiwan dollars.