{"id":877175,"date":"2024-11-15T09:57:37","date_gmt":"2024-11-15T04:27:37","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=877175"},"modified":"2024-11-15T10:06:38","modified_gmt":"2024-11-15T04:36:38","slug":"foxconn-sees-net-profit-rise-14-in-q3-on-the-back-of-strong-demand-for-ai-servers","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/15\/foxconn-sees-net-profit-rise-14-in-q3-on-the-back-of-strong-demand-for-ai-servers\/","title":{"rendered":"Foxconn sees net profit rise 14% in Q3 on the back of strong demand for AI servers"},"content":{"rendered":"<p>Taiwanese contract manufacturer Foxconn saw its net profit increase 14% in the third quarter to touch $1.5 billion on the back of strong demand for its AI servers. The company&#8217;s third quarter revenue, operating profit and net profit all hit a record high for the period.<\/p>\n<p>As part of its 2024 guidance, the firm which is a key supplier to Apple and Nvidia indicated that it expects &#8220;significant&#8221; sales growth and forecasted that AI servers would account for 50% of its total server revenue next year in 2025, making it one of the most important levers of growth for the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taiwanese contract manufacturer Foxconn saw its net profit increase 14% in the third quarter to touch $1.5 billion on the back of strong demand for its AI servers. The company&#8217;s third quarter revenue, operating profit and net profit all hit a record high for the period. As part of its 2024 guidance, the firm which is a key supplier to Apple and Nvidia indicated that it expects &#8220;significant&#8221; sales growth and forecasted that AI servers would account for 50% of its total server revenue next year in 2025, making it one of the most important levers of growth for the [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-877175","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/877175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=877175"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/877175\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=877175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=877175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=877175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}