Taiwan's Foxconn beats estimates with record third-quarter revenue on AI demand

Taiwan's Foxconn beats estimates with record third-quarter revenue on AI demand

FILE PHOTO: Foxconn logo is seen in this illustration taken, May 2, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence (AI) servers.