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02.05.26 - 01:48
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Foxconn Industrial Internet posts 102% net profit growth in 1Q26 on AI GPU, ASIC demand (Digitimes)
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Benefiting from the continued expansion of artificial intelligence (AI) computing power demand, Foxconn Industrial Internet (FII), a subsidiary of Hon Hai Precision Industry (Foxconn), reported first-quarter 2026 revenue that far exceeded market expectations. Revenue reached CNY251.08 billion (approx. US$36.74 billion), up 56.52% year over year, while net profit attributable to shareholders of the parent company reached CNY10.60 billion, soaring 102.55%, with profit growth significantly outpacing revenue....
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01.05.26 - 21:31
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Apple Forecasts Sales Growth Amid Memory Shortage | Bloomberg Tech 5/1/2026 (Bloomberg)
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Bloomberg's Caroline Hyde and Ed Ludlow discuss Apple's strong outlook amid the continued memory supply crunch. Plus, Roblox CEO Dave Baszucki discusses the gaming platform's "aggressive push to enhance safety" that tempered user growth. And, Bloomberg spoke with OpenAI CFO Sarah Friar who pushes back on a report that the AI leader is missing its own targets.
(Source: Bloomberg)...
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