Share story
Products Infrastructure

Foxconn reports 46% revenue growth as electronics and server demand rise

Foxconn reports 46% revenue growth as electronics and server demand rise Image: Primary
Foxconn announced a 46% year-on-year revenue increase, driven by consumer electronics and server demand. The contract manufacturer has expanded into servers for AI data centers and cloud storage, reducing its historical dependence on Apple. Consumer electronics still account for 29% of Foxconn's revenue, with Apple the division's largest customer. Separately, Bloomberg Intelligence forecasts 16 million iPhone Duo sales in its first 12 months, exceeding Apple's reportedly revised target of 14M units.
Sources
9to5Mac
In this story
Apple
Published by Tech & Business, a media brand covering technology and business. This story was sourced from 9to5Mac and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Capital AI
Capital AI

Norwest raises $4 billion fund targeting AI startups and overlooked sectors

Wells Fargo & Co.-backed Norwest has raised $4 billion for its latest investment fund, Bloomberg reported. The fund will target early-stage AI startups alongside deals in sectors other investors have overlooked. The firm plans to announce the fund Thursday.

Bloomberg Technology
Infrastructure
Infrastructure

Rowan raises about $1.5 billion to advance data center projects

Rowan Digital Infrastructure raised about $1.5 billion in fresh financing from lenders including Citigroup, Bloomberg reported. The Blackstone-backed data center developer is seeking to advance its growing pipeline of projects with the new financing from lenders.

Bloomberg Technology
Robotics Capital
Robotics Capital

UK National Wealth Fund backs $700 million Uforce financing

The UK National Wealth Fund invested in a $700 million financing round for drone startup Uforce, Bloomberg reported. The investment is the fund's largest in defense. Uforce was initially formed in Ukraine, and the fund participated in its financing alongside other investors.

Bloomberg Technology
Capital Robotics
Capital Robotics

SE3 raises $30M to expand software for autonomous drone fleets

Munich startup SE3 has raised a $30M Series A led by Accel, with Keen, Lakestar and Seedcamp participating. The funding will support engineering, commercial and operations hires, a UK office and expansion in Germany and Ukraine.

The Next Web