AI boom boosts Foxconn's server business as Nvidia partnership drives growth...

STORY: Foxconn posted a forecast-beating 17% rise in Q3 profit Wednesday (November 12). It was fueled by continued strength in demand for AI servers that it also expects to drive growth next year.The Taiwanese firm is the the world's largest contract electronics maker and supplies U.S. majors like Apple and Nvidia.It said third-quarter net profit hit $1.89 billion. Looking ahead, Foxconn feels bullish and said it should see year-on-year revenue growth in Q4. It expects AI server revenue to increase quarter-on-quarter. And for its full year revenue, it forecast significant year-on-year growth - in line with its earlier projections.The firm also teased an announcement next week with ChatGPT-maker OpenAI, though it didn't provide details.Foxconn's shares have surged 36% so far this year.Its shares closed up 1.8% on Wednesday ahead of the earnings release...

In 2025, the global microLED display market is at a pivotal stage as it shifts from extensive R&D to initial commercialization, overcoming setbacks like Apple's 2024 microLED smartwatch project cancellation. This market, containing around 120 companies globally, is primarily concentrated in Taiwan, China, South Korea, and the US/Europe. With significant production capacity ramp-ups in Taiwan and China, the first commercial microLED products, including the Garmin fēnix 8 Pro, are emerging. Despit...