Electronics giant Foxconn forecasts strong first-quarter revenue after profit miss

News Snapshot:

Taiwan’s Foxconn‚ the world’s largest contract electronics maker, said on Friday that solid demand from its tech clients would drive strong revenue growth in the first quarter. The upbeat forecast contrasts with a cautious note struck by many other businesses, rattled by U.S. President Donald Trump’s tumultuous trade policy, and underscores that booming demand for artificial intelligence is not over yet and would further drive hardware sales. “We have not seen CSP (cloud service providers) demand slowing down. There are (market) rumours that CSP demand will peak this year, and then it will go down next year. But we are...