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Foxconn reports 34% rise in Q3 profit

The Taiwanese tech giant exceeded quarterly profit forecasts but issued a warning regarding supply chain constraints.

Foxconn's Lordstown Assembly plant, 2024
Foxconn's Lordstown Assembly plant, 2024 · Photo: Mr. Matté (if there is an issue with this image, contact me using this image's Commons talk page , my Commons user talk page , or my English Wikipedia user talk page ; I'll know about it a lot faster) · CC BY-SA 4.0 · Wikimedia Commons

Taiwanese tech giant Foxconn has released its third-quarter financial results, reporting a 34% rise in profit that surpassed analyst expectations, as reported by The Straits Times and Dunya News.

Despite the positive financial performance, the company expressed cautious optimism about its outlook while warning of ongoing tightness in global supply chains. Further details have not yet been released.

Sources: The Straits Times, Dunya News, KLSE Screener, The Star, The Economic Times

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