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Foxconn profit soars 27%, beats forecasts on surging AI server demand
Foxconn expects strong year-on-year revenue growth in the third quarter, with AI server sales projected to surge more than 170% from a year earlier. Full-year revenue is also forecast to grow significantly, in line with guidance issued in May. Shares ended 0.5% higher on Thursday before the earnings announcement.
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Foxconn's massive Northeast Ohio plant is undergoing a major shift in focus, with implications for the local economy and tech ...
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