Foxconn reports Q1 revenue up 29% YoY
Foxconn reports Q1 revenue up 29% YoY to ~$67B and net profit up 19% YoY to ~$1.6B, meeting est., as it boosts AI server production, its largest revenue source
Cloud and networking products—including AI servers—remained the company's largest revenue contributor
Physical AI moves closer to factory floors
British technology company Humanoid will deploy humanoid robots at factories operated by German industrial supplier Schaeffler, Reuters reported. The two companies’ agreement covers an estimated 1,000 to 2,000 robots in Schaeffler’s global manufacturing sites by 2032, according…
U.S. Clears Nvidia H200 Chip Sales to 10 Chinese Firms
The U.S. Commerce Department has cleared Nvidia’s sales of its H200 chips to around 10 Chinese companies including Alibaba, Tencent, ByteDance and JD.com, as Washington eases its restrictions on AI chip exports to China, Reuters reported. Washington also approved H200 sales to…