Foxconn’s China-Listed Subsidiary Rejects Downgrade Rumors as AI-Server Demand Holds

Foxconn’s China-listed subsidiary rejects downgrade rumors as AI-server demand holds

Foxconn Industrial Internet (FII), a subsidiary of Foxconn Technology Group, has publicly rejected recent media reports asserting that it would reduce its fourth-quarter performance targets and alter its business model. The company emphasized in a statement on the evening of November 24 that these claims are unfounded and not supported by any factual basis.

Foxconn Industrial Internet Responds to “Earnings Downgrade” Rumors After Stock Tumbles 30% in One Month - YT FINANCE

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