Foxconn, a major supplier for Apple, reported a net profit of NT$43.1 billion and revenue of $47.3 billion for the third quarter of 2024, marking a seven-year high in gross profit. The company is also focusing on expanding its artificial intelligence capabilities. In a separate development, Siemens announced plans to cut up to 5,000 jobs in its factory automation business due to a downturn. CEO Roland Busch confirmed the layoffs, which follow a challenging period for the company. Additionally, AMD recently disclosed plans to reduce its workforce by 1,000 employees.