Yahoo

Taiwan's Foxconn forecasts strong first-quarter performance

The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in New Taipei City, Taiwan · Reuters
Trade NVIDIA on Coinbase

TAIPEI, Feb 5 (Reuters) - Taiwan's Foxconn on ​Thursday flagged ‌strong expectations for its first ‌quarter performance, after reporting a 35.5% year-on-year rise in ⁠January revenue.

"Shipments ‌of AI racks continue to ‍increase, and Smart Consumer Electronics are also better ​than expected," it ‌said in a statement.

"The seasonal performance for the current quarter is expected ⁠to be better ​than the ​range of the past five years," ‍the ⁠company, Nvidia 's biggest server maker, added, ⁠without elaborating.

(Reporting by Ben ‌Blanchard; Editing by ‌Jacqueline Wong)

Mobilize your Website
View Site in Mobile | Classic
Share by: