TAIPEI : Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report on Tuesday that first-quarter profit more than doubled on robust demand for artificial intelligence servers and after coming off a low base a year ago.
That would represent a 129 per cent increase from the same period a year ago when profit sagged after the company took a T$17.3 billion writedown related to its 34 per cent stake in Japanese electronics maker Sharp Corp. It would also mark a third consecutive quarter of profit growth. "As for 2025, we expect cloud sales to remain the major sales and earnings growth driver," they added.
Source: Tech Daily Report (techdailyreport.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taiwan reports Chinese military activity after Blinken leaves BeijingTaiwan reported 12 aircraft crossing the sensitive median line of the Taiwan Strait.
Source: The Straits Times - 🏆 8. / 63 Read more »
Death toll in food poisoning outbreak at popular Taipei eatery rises to 4After eating char kway teow, the woman had nausea, vomiting and diarrhoea upon reaching home.
Source: The Straits Times - 🏆 8. / 63 Read more »
Death toll in severe food poisoning outbreak at Malaysian restaurant in Taipei rises to 4Another person has died of suspected food poisoning on April 29 after reportedly dining at a Malaysian vegetarian restaurant in Taipei, the capital of Taiwan, local media reported.
Source: asiaonecom - 🏆 10. / 59 Read more »
Woman dies 1½ months after food poisoning at popular Taipei eatery, raising death toll to 4After eating char kway teow, the woman had nausea, vomiting and diarrhoea upon reaching home.
Source: The Straits Times - 🏆 8. / 63 Read more »
Exclusive-Foxconn considers rotating CEOs in management reshuffleTAIPEI : Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter told Reuters.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Foxconn reiterates Q2 revenue to grow, posts record April salesTAIPEI : Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »