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Signal #149009POSITIVE

AI demand pushes Foxconn's monthly revenue to record in July

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Monthly revenue at Taiwanese contract electronics manufacturer Foxconn hit a record ‌in July, surpassing T$900 billion ($27.93 billion) for ‌the first time as strong demand for AI products boosted sales, ​the company said on Wednesday. Foxconn, a major supplier to Nvidia and Apple, said revenue last month rose 54.2% from a year earlier to T$946.5 billion. Its cloud ‌and networking products division, ⁠which includes AI servers, saw strong growth, benefiting from "strong pull-in momentum for AI ⁠products", the company said.

AI Stock Newsabout 4 hours ago
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AI demand pushes Foxconn's monthly revenue to record in July | Steek AI Signal | Steek