Taiwan's Foxconn , the world's largest contract electronics maker and Apple's biggest iPhone assembler, on Saturday reported second quarter revenue rose 15.82% from the same period last year to a record for the quarter.
iPhone builder Foxconn has pulled Chinese staff from India, according to sources. Bloomberg's Dana Wollman discusses the hurdle this creates for Apple with Caroline Hyde and Ed Ludlow on "Bloomberg Tech".
Apple's biggest assembly partner Foxconn has ordered more than 300 of its Chinese employees to return home from its iPhone factories in India, Bloomberg reported, citing anonymous sources.
Taiwan's Foxconn and U.S. artificial intelligence chips maker Nvidia are in talks to deploy humanoid robots at a new Foxconn factory in Houston that will produce Nvidia AI servers, two sources familiar with the matter said.
The Taiwan-based company plays an increasingly important role in building AI servers for U.S. tech giants such as Amazon and Nvidia.
Nvidia is deepening its partnerships with Taiwanese companies, including working with Foxconn to build an AI factory supercomputer.
The Taiwanese company reported strong first-quarter results but cut its annual guidance as the world's largest contract electronics manufacturer braces for potential headwinds from newly imposed U.S. tariffs.
Taiwan's Foxconn , the world's largest contract electronics maker, is expected to report on Wednesday that first-quarter profit leapt 72% on continued strong demand for artificial intelligence servers.
My rating for Hon Hai is raised to a Buy; I have made this decision considering favorable expectations of 1Q25 results and positive updates from its key customer. I anticipate that HNHAF would have registered robust topline expansion and meaningful margin improvement in the first quarter. HNHPF's second quarter results should also surpass expectations, as tariff headwinds aren't as bad as feared.
Taiwan's Foxconn , the world's largest contract electronics maker and Apple's biggest iPhone assembler, reported on Saturday that its first-quarter revenue jumped 24.2% to a record high for the quarter.
Foxconn is set to hold a seminar in Japan on April 9 to lay out its strategy on electric vehicles, two sources with direct knowledge of the matter said, as it courts more Japanese automakers after winning a deal from Mitsubishi Motors.
Taiwan's Foxconn , the world's largest contract electronics maker and Apple's main iPhone maker, expects its server revenue to surpass its revenue from iPhones within two years, Taiwan's Central News Agency reported.