Featured · Hardware
Foxconn's most profitable quarter ever was paid for by its own cost cuts
AI racks passed half of Hon Hai's revenue for the first time and operating profit set an all-time quarterly record, but gross margin has fallen for three straight years and every point of the operating-margin gain came from spreading cost, not price. The 2027 ceiling is a TSMC packaging line Hon Hai does not own.
· 3 min read
