TAIPEI, Oct 5 (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and Nvidia’s biggest server maker, reported on Monday a jump of 47% in third-quarter revenue year on year that beat market forecasts, fuelled by strong AI-related demand.
Revenue for the quarter from July to September was T$3.03 trillion ($95.39 billion), Foxconn said in a statement, well above the LSEG SmartEstimate of T$2.83 trillion that gives greater weight to forecasts from analysts who are more consistently accurate.
($1 = 31.7640 Taiwan dollars)
(Reporting by Ben Blanchard; Editing by Christopher Cushing)
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