A factory at the mobile phone plant of Rising Stars Mobile India, a unit of Foxconn in Tamil Nadu, India, on July 12, 2019.
Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector but retained a cautious outlook for this year due to global economic uncertainties.
Within the AI server supply chain, Foxconn has won a "very high" market share for GPU modules and substrates, Liu said.
It was better than an average forecast of T$25.57 billion profit from 13 analysts, according to Refinitiv.
Apple this month forecast that a sales slump would continue into this quarter, sending shares down despite beating Wall Street sales and profit targets in its fiscal third quarter.
Persons:
Liu Young, Liu, Foxconn, Jun Seki
Organizations:
Stars Mobile India, Apple, Vedanta, Nissan, North, Wall
Locations:
Tamil Nadu, India, China, Wisconsin, Foxconn