Get the app
News Discussion
News Discussion
on
CosmicTaco
CosmicTaco
Grapevine

Hon Hai's Profit Surges on AI Server Demand, Beats Estimates

  • Hon Hai, also known as Foxconn, reported a stronger-than-expected quarterly profit due to persistent demand for AI servers.
  • The company expects AI server sales to constitute 50% of its total server business by 2025.
  • However, concerns arise as Hon Hai's October revenue growth slows, indicating potential moderation in data center buildout spending.

Source: Bloomberg

Post image
8mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile šŸ”‘
+322 new users this month
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across