Global chip stocks climb as Foxconn's bumper results show a continuation of the AI boom

Hon Hai Precision Industry, which does business as Foxconn internationally, reported revenue of 2.1 trillion New Taiwan dollars in the fourth quarter of 2024, up 15% year-over-year.

Shares of several semiconductor firms across Asia, Europe and the U.S. rose on Monday, with the world's largest chipmaker TSMC hitting a record high.>Sign up for NBC San Diego's News Headlines newsletter. Computing products and smart consumer electronics — which numbers iPhone and other smartphones — saw"slight declines," Foxconn said.Other Asian chip firms also logged share price gains — South Korea's SK Hynix and Samsung rose nearly 10% and 4%, respectively.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

nbcsandiego /  🏆 524. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

iPhone Maker Foxconn Interested In Nissan As Merger Talks With Honda ContinueHonda and Nissan may create a new holding company that would allow them to share resources
Source: Carscoop - 🏆 306. / 63 Read more »