In a notable shift from its previous stance, Foxconn, a major supplier to tech giant Apple, has unveiled an optimistic outlook for the year 2024. The company, renowned as the world’s largest contract electronics manufacturer, anticipates a substantial revenue surge propelled by the skyrocketing demand for artificial intelligence (AI) servers.
This newfound positivity follows an impressive 33% increase in net profit during the fourth quarter, surpassing earlier forecasts. The upbeat sentiment presented stands in stark contrast to Chairman Young Liu’s cautious remarks in November, where he expressed comparatively reserved expectations for the year ahead.
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