Foxconn, the worlds largest contract electronics maker, has posted a 14% rise in quarterly profits as it rides a wave of demand for AI. The increase was better than predicted.
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00:00Taiwanese manufacturer Foxconn has set a new profit record for the third quarter of this
00:05year.
00:06The world's largest contract electronics maker posted over one and a half billion U.S. dollars
00:10in after-tax profit, representing 14 percent growth year-on-year.
00:14Foxconn made close to 3.3 billion U.S. dollars in the first nine months of this year, up
00:19nearly 20 percent on 2023.
00:22The company says it expects more robust growth due to surging demand for AI products.
00:26Foxconn's shares have doubled so far in 2024, as it's set to build the world's largest manufacturing
00:31center for some of NVIDIA's chips.