The Hindu·3 min read·medium
Foxconn second-quarter revenue jumps, company cautions on geopolitics
R
Reuters
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Foxconn reported a 39.8% year-on-year revenue increase for the second quarter, exceeding market expectations due to strong AI server demand. Despite the growth, the company warned of potential risks from volatile global geopolitics.
Taiwan’s Foxconn, the world’s largest contract electronics maker, reported a 39.8% year-on-year rise in second-quarter revenue that beat market forecasts on strong demand for AI products, though it cautioned about “volatile” global politics.
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