Foxconn Technology Co., Ltd. 2354

Investing.com --Foxconn Technology (TW:2354) expects its third-quarter performance to exceed market expectations as robust demand for artificial intelligence-related products and a seasonal pickup in information and communication technology products boost operations, the Taiwanese electronics manufacturer said Saturday. The company said its visibility for the third quarter had improved from the previous month, with overall performance expected to outperform market expectations. Foxconn, formally known as Hon Hai Precision Industry, does not provide numerical forecasts.

The U.S. government has authorized the sale of Nvidia Corp.'s powerful H200 AI chips to 10 Chinese tech giants, including Alibaba Group Holding Ltd. ADR and Tencent Holdings ADR, but Beijing's intervention has brought deliveries to a complete standstill. Deals...

Investing.com -- Foxconn Technology Co Ltd (TW:2354), the world’s largest contract electronics manufacturer, reported a robust 29.7% year-on-year surge in first-quarter revenue on Sunday, fueled by relentless demand for artificial intelligence infrastructure.

Rule change allows foreign firms to fund factory equipment without tax exposure.

The $174 million project is expected to bring 180 jobs to the area over the next 10 years, officials said.

OpenAI investor SoftBank (9984.T) acquires Ampere computing. Uber (UBER) teams up with WeRide (WRD) to launch robotaxis in Abu Dhabi. China's Alibaba (BABA, 9988.HK) touts 10 million downloads in one week for its AI app Qwen. Iphone maker Foxconn (2354.TW) gets a greenlight to invest in its Wisconsin facility. For more live coverage of the markets, watch the full episode of Market Sunrise and visit Yahoo Finance.

Partnership aims to boost domestic manufacturing for future data centers

Foxconn Prepares Major OpenAI Announcement at Tech Day

The world's largest contract electronics manufacturer is no longer "just" the iPhone (AAPL) maker: Foxconn's (FITGF, 2354.TW, 0FJ.SG, 0FJ.F, FXCOF) profits topped estimates as it expands into making AI servers for the likes of Nvidia (NVDA) and Amazon (AMZN). Ramzan Karmali breaks down the latest earnings from the Taiwanese conglomerate and other companies including On Holding (ONON) and Circle (CRCL). For more live coverage of the markets, watch the full episode of Market Sunrise and visit Yahoo Finance.