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International Business Times
International Business Times
Business
AFP News

Foxconn Reports Sharp Rise In First-quarter Net Profit

Foxconn said it was optimistic owing to the surge in demand for AI technology (Credit: AFP)

Taiwanese tech giant Foxconn on Tuesday reported a 72 percent jump in net profit during the first three months of 2024 as demand for artificial intelligence technology grows.

The firm -- also known by its official name Hon Hai Precision Industry -- is the world's largest contract electronics manufacturer and assembles devices for several companies, most notably Apple's iPhones.

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