AI
Foxconn to post higher Q4 profit on AI server demand
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Taiwan’s Foxconn, the world’s largest contract electronics maker, is expected to report on Friday that fourth-quarter profit rose 2.35% on strong demand for artificial intelligence servers.
Net profit for October-December for Apple’s top iPhone assembler and Nvidia’s AI server maker likely came in at T$54.4 billion ($1.65 billion), according to an LSEG consensus estimate of 15 analysts, versus T$53.15 billion a year earlier.
Foxconn said in January its fourth-quarter revenue jumped 15.2% to a record for that quarter on strong sales of AI servers.
The…
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