US stock futures rose on Monday morning as the federal government shutdown entered another week, with equities poised to build on a strong run that has pushed major indexes to fresh record highs. Dow Jones Industrial Average futures (YM=F) edged up roughly, 0.2%, while those on the S&P 500 (ES=F) gained 0.3%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led the way higher, up 0.4%. The modest moves follow an upbeat week for the market. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) each logged their ...

Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. Taiwan's Foxconn, the world's largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year over year, on the strength of its growing artificial intelligence server business. Here's how Foxconn did in the second quarter of 2025 compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who ...

The two companies are now teaming up to bring their expertise together to effectively create a one-stop-shop for anyone looking to set up an AI data center. Foxconn on Wednesday said it is taking a stake in TECO Electric & Machinery Co., as it looks to supercharge its efforts to become a key player in building artificial intelligence data centers. "The strategic partnership extends the two companies' cooperation in the fields of low-carbon smart factories and energy services, toward being a one-stop solutio ...

Group 1 - Foxconn has ordered over 300 Chinese employees to return home from its iPhone factories in India, leaving only Taiwanese support staff in the country [1] - The motivation behind this order is unclear, but Chinese officials are reportedly urging regulators to limit the export of knowledge and technology resources to India [2] - This move occurs as Foxconn and other Apple suppliers increase manufacturing in India to reduce reliance on Chinese production, with Foxconn recently receiving approval for a $435 million semiconductor plant in India [3]

Group 1 - The research service "Asia Value & Moat Stocks" targets value investors looking for Asia-listed stocks with significant discrepancies between price and intrinsic value, focusing on deep value balance sheet bargains and wide moat stocks [1] - The service emphasizes investment opportunities in the Hong Kong market, identifying deep value balance sheet bargains and high-quality businesses with strong competitive advantages [1] - Monthly updates and watch lists are provided to members, highlighting potential investment opportunities in the region [1]

Core Insights - Foxconn reported a lower-than-expected net profit for 2024, attributed to underperformance in consumer electronics, despite strong demand for AI servers [1][2] - The company's full-year net profit increased by 7% to NT$152.7 billion (US$4.6 billion), falling short of the average forecast of NT$159.4 billion [2] - Full-year revenue rose by 11% to NT$6.9 trillion, surpassing market expectations of NT$6.8 trillion [2] AI Server Business - Foxconn experienced a significant increase in its AI server business, with revenue up by 150%, indicating robust demand in the generative AI sector [3] - The company anticipates 2024 to be the "Year of AI," with shipments expected to rise in every quarter [3] Global Operations and Tariffs - The earnings announcement coincided with the imposition of tariffs by the US on major trading partners, including China, which has affected Foxconn's operations [4] - Despite the tariff threats, Foxconn is constructing a $900 million AI server plant in Mexico, which is projected to be the largest powered by Nvidia's GB200 AI chips [5] Automotive Sector Expansion - Foxconn is exploring potential cooperation with Nissan after unsuccessful merger talks with Honda, indicating a strategic move into the Japanese EV market [7] - The company is open to acquiring Renault's stake in Nissan and plans to announce developments in the EV sector within one to two months [7]

Group 1 - Foxconn Technology Co., Ltd. was established in 1990 as a side project of Hon Hai, focusing on mechanical parts and casings [1] - The mission of Grassroots Trading emphasizes providing objective and unbiased research, particularly on small- to mid-cap companies, while also identifying opportunities in larger companies [1]

Core Insights - Foxconn, also known as Hon Hai Precision Industry, has faced significant challenges recently, including pandemic-related disruptions and issues with investee companies, but it may now be past the worst of these difficulties [1] Company Challenges - The company has been impacted by pandemic-induced disruptions, which have affected its operations and supply chain [1] - Issues with investee companies have also contributed to the challenges faced by Foxconn [1] Recovery Outlook - There are indications that Foxconn may be over the worst of its recent challenges, suggesting a potential recovery phase for the company [1]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Insights - Zettabyte has formed a strategic partnership with Foxconn to enhance the deployment of energy-efficient AI computing solutions globally [2][5][6] - The collaboration aims to leverage Zettabyte's advanced AI data center management software, Zware, which optimizes GPU performance and reduces energy consumption [3][4][7] Company Overview - Foxconn, established in 1974, is the world's largest electronics manufacturer and ranks 32nd on the Fortune Global 500, with a revenue of approximately US$198 billion in 2023 [5] - Zettabyte is recognized as a global leader in AI data center software and infrastructure solutions, focusing on redefining efficiency and sustainability in AI computing [4][7] Technological Advancements - Zware, Zettabyte's flagship software, is designed to enhance AI data center operations while significantly lowering energy usage, setting new benchmarks for future AI data centers [3][6][7] - The partnership is expected to accelerate the adoption of innovative and sustainable technologies in the AI sector [2][6]