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International Business Times
International Business Times
Business

Taiwan Tech Giant Foxconn's 2024 Profit Misses Forecasts

Taiwanese tech giant Foxconn reported a lower-than-expected net profit for 2024, although demand for its artificial intelligence servers remained robust (Credit: AFP)

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.

The world's largest contract electronics manufacturer has been moving beyond assembling devices such as Apple's iPhones into areas ranging from electric vehicles to AI servers.

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