Taiwan’s Foxconn bullish on outlook but warns about supply chain tightness
The top iPhone assembler reported a net profit of NT$77.5 billion (S$3.02 billion) in Q3.
Taiwan's Foxconn, the world's largest contract electronics maker, expressed optimism about its business outlook for 2027 despite strong AI demand, as it reported a forecast-beating quarterly profit. The company's net profit for the July to September period soared 34% year-on-year to NT$77.5 billion, surpassing expectations. However, Foxconn cautioned about supply chain tightness, noting that chips, memory, and some key components are currently constrained.
Chairman Young Liu emphasized the company's confidence in its operations, projecting high double-digit growth for AI rack shipments in 2027. While Liu acknowledged external variables to monitor, he anticipated the supply-demand imbalance to persist for some time. In October, Foxconn reported a 47% year-on-year surge in third-quarter revenue, driven by increased iPhone production in India and planned AI server factories in Mexico and Texas.
Despite strong performance, Foxconn's shares underperformed the broader Taiwan index in 2026, closing 0.8% lower on November 12.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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