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Major Apple supplier Foxconn expected to report strong Q3 results on AI boom

  • Foxconn expects a 7% year-on-year rise in third-quarter profit, driven by demand for AI servers, as reported on Thursday.
  • The company’s revenue increased 20% from a year earlier, achieving its highest-ever quarterly revenue due to strong AI server sales.
  • Foxconn’s net profit for July-September is likely T$46.3 billion, marking a 7.4% increase compared to the previous year.
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