Foxconn Third-Quarter Revenue Soars 47% on Surge in AI Hardware Demand

World’s largest contract electronics manufacturer beats forecasts as cloud and networking growth drives record monthly revenues. Taiwanese manufacturing giant Foxconn has reported a 47 per cent year-on-year surge in third-quarter revenue, comfortably beating market expectations on the back of sustained demand for artificial intelligence infrastructure. Revenue for the July to September period reached $95.4 billion […]