Foxconn Lifts Q2 Guidance on Strong AI Server Demand, Up 60% Year-on-Year

According to Reuters, on June 5, Foxconn raised its second-quarter guidance above previous expectations, citing strong demand for AI servers. The Taiwan-based company, Nvidia's biggest server maker and Apple's top iPhone assembler, said its AI server business rose more than 60 percent year on year in a recent quarter. The company did not provide numeric revenue targets for Q2.
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