Taiwan's Foxconn bullish on outlook but warns about supply chain tightness
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- ✓Foxconn said on Thursday it is confident about business next year due to strong AI demand.
- ✓Chairman Young Liu said, "We remain very confident about our operations next year and expect continued growth." However, the company warned that supply chain tightness for chips and key components remains a major challenge.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
TAIPEI, Nov 12 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, said on Thursday it was confident about its business next year given strong AI demand as it reported forecast-beating quarterly profit, but it warned about supply chain tightness.
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The company, which does not give numeric forecasts, said it predicted "high double digit growth" in 2027 for AI rack shipments.
"We remain very confident about our operations next year and expect continued growth," Chairman Young Liu told an earnings conference, although warning there were also "several external variables worth continued attention".
Looking at the AI and consumer electronics supply chains, chips, memory and some key components are currently tight, which is a challenge facing the industry as a whole, Liu said.
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