Hon Hai Precision Industry Co., Ltd. (HNHPF)
- Reuters
Foxconn's Q1 profit to jump from low base, AI to power growth
Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report on Tuesday that first-quarter profit more than doubled on robust demand for artificial intelligence servers and after coming off a low base a year ago. Net profit for January-March for Apple's top iPhone assembler likely came in at T$29.3 billion ($904.6 million), according to an LSEG consensus estimate of 15 analysts. That would represent a 129% increase from the same period a year ago when profit sagged after the company took a T$17.3 billion writedown related to its 34% stake in Japanese electronics maker Sharp Corp. It would also mark a third consecutive quarter of profit growth.
- CNN Business
Biden takes aim at Trump for failed Foxconn project with visit to Microsoft’s new site in Wisconsin
Microsoft said it is pouring $3.3 billion into building a data hub in Wisconsin that aims to train employees and manufacturers on how to best use artificial intelligence.
- Bloomberg
Biden Jabs Trump on Foxconn With Microsoft Project at Same Site
(Bloomberg) -- President Joe Biden chided Donald Trump during a visit to swing-state Wisconsin, championing a major Microsoft Corp. investment at the same site his 2024 rival’s plans for a flagship technology project by Foxconn fizzled.Most Read from BloombergElon Musk Pledges to Grow Supercharger Business He Just DecimatedBiden Set to Hit China EVs, Strategic Sectors With TariffsJim Simons, Code Breaker Who Mastered Investing, Dies at 86Ackman Scolded Over DEI Views at Closed-Door Milken Sessio
