Foxconn reported a significant increase in Q3 revenue, reaching $66.2 billion, fueled by robust demand for AI servers utilizing Nvidia chips. The company's net profit surged 17% year-over-year as it pivots from consumer electronics to high-margin AI infrastructure. The AI server segment outperformed traditional areas like smartphones, with revenue hitting NT$2.06 trillion and net profit at NT$57.67 billion, surpassing analyst expectations.
Foxconn is expanding its AI server production capabilities, incorporating advanced robotics such as bipedal robots for assembly lines, and establishing a new smart factory in Houston with Nvidia’s Isaac GR00T N technology. Additionally, Foxconn has partnered with Mitsubishi Electric to develop energy-efficient AI data center solutions, anticipating continued strong demand through 2025.
Foxconn Q3 Revenue Soars to $66.2 Billion Amid AI Server Demand
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