News with the tag "Foxconn"

Nvidia, the giant U.S. chipmaker, made an abrupt stop to a crypto-related announcement, further highlighting the company’s continued strong stance against interacting with any type of crypto business. Notably, its accelerator program sidelined crypto startups, listing them as ‘ineligible to join’ it...

TSMC is making headlines again with its AI exploits. The world’s largest chipmaker raked in 868.5 billion New Taiwan dollars ($26.3 billion) in revenue for December 2024. That’s a 38.8% jump compared to the same period in 2023. Even more impressive was that it blew past analysts’ expectations of 850...

Strong demand for AI servers set Taiwan’s Foxconn to a record fourth-quarter revenue. In a statement, the company said its revenue rose 15.2% to T$2.13 trillion ($64.72 billion). According to a Reuters report , this figure outpaced the T$2.1 trillion forecast on LSEG’s SmartEstimate, which centers o...

Southeast Asia is turning into the backbone of the global tech industry as rising tensions between the US and China force companies to rethink their operations. From 2020 to 2023, more than $100 billion in foreign direct investment poured into Vietnam and Malaysia, with even more on the way. This ca...

Foxconn, the world’s largest contract electronics maker reported better-than-expected third quarter financials on firm demand for AI servers. The Taiwanese firm saw a 14% rise in quarterly profit driven by strong demand for AI. servers. This comes on the back of a record third-quarter revenue as the...

Foxconn Technology Group, Apple’s main contract manufacturing partner, has announced a positive financial outlook for the current quarter and the remainder of the year. The Taiwan-based company, formally known as Hon Hai Precision Industry, said it had posted strong profit growth in the June quarter...

Amid an ever-shifting landscape of geopolitical tensions, the latest ripple emanates from China’s decision to probe into the operations of Foxconn, the very bedrock behind Apple’s iPhone production. The reasons? Alleged discrepancies in tax and land use. Foxconn finds itself under the microscope as ...