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Major Apple assembler Foxconn smashes Q2 revenue record

  • Foxconn Technology reported a record second-quarter revenue of NT$1.797 trillion, seeing a 16% increase year-on-year and a 9% rise quarter-on-quarter.
  • The growth was attributed to strong demand for AI products, boosting its Cloud and Networking Products segment, along with solid performance in Components and Other Products.
  • In U.S. dollars, revenue increased approximately 18.6% year-on-year and 14.1% sequentially, surpassing company expectations for annual comparisons and meeting forecasts on a quarterly basis.
  • Foxconn expects further growth in the third quarter, driven by peak season demand for information-and-communication-technology products, while remaining cautious due to geopolitical tensions and exchange-rate fluctuations.

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