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Asian Currencies Consolidate Amid Mild Risk Appetite

Asian Currencies Consolidate Amid Mild Risk Appetite

Yahoo09-06-2025
Asian currencies consolidated against the dollar in early trade amid mild appetite for risky assets.
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Apple Supplier Foxconn Doubles Down On AI: Server Sales Now 41% Of Revenue
Apple Supplier Foxconn Doubles Down On AI: Server Sales Now 41% Of Revenue

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time19 minutes ago

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Apple Supplier Foxconn Doubles Down On AI: Server Sales Now 41% Of Revenue

Aug 14 - Foxconn (FXCOF) Hon Hai Precision Industry (the world's largest iPhone maker) leans into AI with a blockbuster quarter and an ambitious expansion plan. The company posted NT$1.79 trillion ($59.7B) in revenue for Q2 and net income of NT$44.36 billion, beating SmartEstimates. More important: server products for AI workloads now drive the business, accounting for 41% of sales versus 35% from consumer electronics. Warning! GuruFocus has detected 8 Warning Signs with FXCOF. Foxconn expects AI-server revenue to surge more than 170% year-over-year this quarter as demand for Nvidia (NASDAQ:NVDA)-powered infrastructure climbs. Management also reported operating profit of NT$56.6 billion, above forecasts, and flagged further growth as it expands data-center work and takes a stake in TECO to support industrial-scale AI builds. Geopolitics complicate the picture: trade tensions and tariff threats pushed Foxconn to move much iPhone final assembly to India and spur a $1 billion North America investment plan from a subsidiary to blunt U.S. tariff risk. Still, Foxconn shows pivoting power, it shifts from phone assembly toward AI servers, EV assembly and semiconductor bets, aiming to turn hardware muscle into long-term cloud and AI revenue. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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