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Foxconn reports Q1 net profit rose 5% YoY to ~$985M but warns Q2 revenue could slip due to rising inflation, cooling demand, and escalating supply chain issues (Reuters)

AdminMarch 17, 2023

2 Less than a minute

Foxconn reports Q1 net profit rose 5% YoY to ~$985M but warns Q2 revenue could slip due to rising inflation, cooling demand, and escalating supply chain issues

Foxconn reports Q1 net profit rose 5% YoY to ~$985M but warns Q2 revenue could slip due to rising inflation, cooling demand, and escalating supply chain issues — Shovel and FoxConn logo are seen before the arrival of U.S. President Donald Trump for the Foxconn Technology Group groundbreaking ceremony .

READ ALSO Jakarta-based Bibit, which offers robo-advisor services to help millennial users invest in mutual funds based on their risk profiles, raises $80M+ led by GIC (Budi Sutrisno/Tech in Asia)

AdminMarch 17, 2023

2 Less than a minute

Admin

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