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Foxconn expects profit rise on AI server demand
Taiwan-based electronics manufacturer Foxconn is projected to report a 2.35% increase in fourth-quarter profits due to strong demand for AI servers.
Analysts estimate the company’s net profit for October to December 2024 at US$1.65 billion.
In January, Foxconn reported that its fourth-quarter revenue increased by 15.2%, setting a record for the period backed by robust sales of AI servers.
The company expects its first-quarter performance to exceed the average of the past five years. This indicates significant year-over-year growth, but it has not provided specific numerical guidance.
Recent Foxconn developments
| Timeline |
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10-Mar-2025 🧠 Foxconn unveils first AI model for manufacturing, supply chain
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06-Mar-2025 📈 Foxconn’s first two month revenue jumps 25%
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05-Mar-2025 🏭 Foxconn to invest $900m in AI server plant in Mexico
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01-Mar-2025 🏢 Foxconn begins $137m HQ in China for EVs, energy storage
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13-Feb-2025 🤝 Foxconn eyes collaboration over acquisition with Nissan
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