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“Foxconn beats estimates with record fourth-quarter revenue on AI demand”

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

Revenue for Apple’s biggest iPhone assembler jumped 15.2% to T$2.13 trillion ($64.72 billion), Foxconn said in a statement on Sunday… Foxconn’s shares jumped 76% last year, outperforming by far a 28.5% rise for the broader Taiwan market…”

https://finance.yahoo.com/news/foxconn-fourth-quarter-revenue-15-074825675.html

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