Taiwan Foxconn Expansion Foxconn raises a year-round vision for strong technology demand

Taiwan’s Foxcon, the world’s largest electronics maker, expanded its year-round business on Monday, despite rising inflation due to strong technology sales from smartphones to servers.

The Taiwanese company, like other major manufacturers in China, is facing a severe shortage of chips due to the COVID-19 locks in China.

However, the company’s June sales rose to a record high of 31 percent from a year ago, thanks to increased supply chain management and increased consumer electronics sales, including smartphones.

Foxconn’s sales are expected to be higher than expected at a time when investors are worried about declining demand for technology due to high inflation and the collapse of major markets in Ukraine.

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Chip maker Micron Technology Ink forecast Thursday’s worst quarterly earnings forecast for Thursday, with chip stocks worldwide falling on Friday and the market “weakening in a short period of time,” he said.

Foxcon said in a statement that it is optimistic about the business in the third quarter, showing a significant increase compared to a year ago.

For 2022, Foxconn said its outlook is improving and no progress is expected, without giving details.

The company, which has been dubbed the “Ho-Pricing Industry”, said it has seen double-digit growth in server and telecommunications products this year.

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The company said that COVID-19 controls in China have had some impact on production as it keeps its employees in a “closed cycle”.

The company’s shares fell 1 percent on Monday, mostly in relation to the market. It is down 3.9% this year, which is $ 49.3 billion for the company.

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