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DeepNewz, mobile.
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Apple suppliers, including Wistron and Foxconn, are experiencing growth in AI server sales, leading to strong profit growth. Wistron's CEO, Jeff Lin, noted significant sales increases in GPU substrates, GPU modules, and AI servers. Foxconn's revenue is expected to rise significantly this year due to booming demand for AI servers, not from iPhone production. Hon Hai reports consecutive quarters of profit growth driven by AI hardware sales, offsetting iPhone demand weakness.
Hon Hai Precision Industry shares saw their biggest intraday jump in more than three years after the firm forecast strong growth for its AI hardware sales this year. The lucrative business helped offset weakness in iPhone demand. https://t.co/qyS4CZENAq
Foxconn shares surge 9.5% after Q4 profit beats market estimates https://t.co/VOmGJbOIZb https://t.co/omxcyR5rK4
The end of Apple's iCar should allow manufacturing giant Foxconn to return to its strengths, @tculpan writes. That means the high-margin business of parts and components https://t.co/FjmYBLvlvJ
