| To: SGJ who wrote (835) | 5/14/2024 8:38:51 AM | | From: toccodolce | | | | Not only are they huge but Foxconn is the largest electronic contract manufacturer in the world.
Latest NR from Foxconn
Foxconn upbeat on AI demand, stands by Sharp following writedown
- Q1 net profit T$22.01 bln vs T$29.31 bln analysts' forecast
- Foxconn expects Q2 revenue to grow significantly
- Reaffirms commitment to Sharp, saying "worst is behind"
TAIPEI, May 14 (Reuters) - Apple (AAPL.O), opens new tab supplier Foxconn (2317.TW), opens new tab said on Tuesday it remained confident about strong AI server demand this year driving revenue, and pledged to stand by Japan's Sharp after taking a large, profit-impacting writedown last year.
Foxconn, the world's largest contract electronics maker and Apple's top iPhone manufacturer, said on an earnings call it expected flat consumer electronics demand, but reiterated it saw significant growth in 2024 revenue given the artificial intelligence (AI) applications boom.
"The visibility for this year has improved compared to in March, mainly thanks to strong AI server demand," company spokesman James Wu told a post-earnings conference call, pointing to a better business outlook but without providing detailed numbers. Foxconn said it expects revenue for the second quarter to grow significantly from a year earlier, broadly in line with previous guidance, with revenue for smart computer electronics likely to be flattish.
It also forecast demand for consumer electronics to be flat this year. It does not provide numerical guidance.
For the first three months of 2024, Foxconn reported a 72% rise in profit coming off a low base from the same period a year earlier, but the growth was lower than expected. Apple's quarterly results and forecast beat modest expectations this month, and CEO Tim Cook said revenue growth would return in the current quarter.
In a separate statement, Foxconn, whose earnings took a hit last year from a T$17.3 billion ($533.9 million) writedown related to its 34% stake in Sharp Corp (6753.T), opens new tab, said it was committed to the Japanese electronics maker, describing it as an "important asset". "The worst is behind Sharp. Its future only gets better from here," Foxconn Chairman Young Liu said, adding that the Japanese company's Sakai factory would be transformed into an AI data centre.
Liu did not appear on the earnings call. Foxconn said he was in Europe on a business trip, but did not give details. The Taiwanese company, the world's largest contract electronics maker, said net profit for the January-March quarter rose to T$22.01 billion from T$12.8 billion in the same period a year earlier, when earnings were hit by the Sharp writedown.
While Foxconn's quarterly profit missed the T$29.31 billion forecast by analysts, it was the firm's third consecutive quarterly profit rise. In the first quarter, consumer electronics including smartphones accounted for 48% of its revenue while cloud and networking products, including servers, contributed 28%.
The company, formally called Hon Hai Precision Industry Co Ltd, said in March that it expected a significant rise in revenue this year driven by booming AI server demand. Foxconn also wants to replicate the success it has had with iPhones with electric vehicles (EV), saying on the call it expected EV sales to be expanded to markets including Southeast Asia, the United States and Europe, though it did not provide a time frame. Wu said recent price cuts for EVs have presented an opportunity for Foxconn, which he said was in talks with some 20 to 30 companies including traditional car makers and start-ups for possible collaboration. "That creates opportunities for outsourcing, which is good for Foxconn," Wu said, referring to the price cuts. Foxconn's shares have risen 65% so far this year, driven by its rosy AI outlook, far outperforming a 17% gain for the broader market
The clouds and service segment, which made up 28% of Foxconn's revenue in the first quarter, will comprise a more significant share of overall revenue by 2025, Wu added. |
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| From: macnai | 5/14/2024 11:45:15 AM | | | | | | | "The growth in demand from emerging applications such as artificial intelligence and machine learning requires continuous innovation to keep pace with power and cost requirements,” said Joseph Wang, CTO at FIT. “We are excited to partner with POET on this development. POET’s hybrid-integration platform technology will enable us to use best-of-breed components and ramp to high volume at a much faster pace and in a cost-efficient manner.” |
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| From: SGJ | 5/14/2024 4:07:37 PM | | | | | | | I think the big price move on this news is going to be on Thursday. Needs to percolate. POET isn't a household name.......yet |
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| To: toccodolce who wrote (841) | 5/15/2024 10:18:57 AM | | From: toccodolce | | | | Foxconn already collaborating with Broadcom and MultiLane
FIT Introduces QSFP-DD800 Connector / DAC Solutions at OFC 2022
Teaming up with Broadcom / MultiLane to show 800G Interconnection solution
March 09, 2022 03:40 PM Eastern Standard Time
SAN DIEGO--( BUSINESS WIRE)--Foxconn Interconnect Technology (6088.HK) (“FIT”), a leading connective solution provider creating powerful connections for a better world, will jointly exhibit the QSFP-DD800 interconnection with Broadcom's low power Active Copper Cable (ACC) PHY ( BCM87850) and MultiLane’s ML4039EN BERT in the Optical Networking and Communication Conference & Exhibition (“OFC”), which will be held on March 8 to 10, 2022 in San Diego, USA.
“We are honored to cooperate with Broadcom / MultiLane to show our interconnect solution, and demonstrate its execution of 5GAIoT strategy”
Post thisThe new generation of communication technology (5G/6G) realizes various possibilities of cloud applications, and also brings higher cloud transmission demand. The explosive growth of traffic requires higher bandwidth. 800G is the fastest transmission speed in the market, which allows an upgrade of switch data rate from 12Tbps to 25.6Tbps / 51.2Tbps.
“We are honored to cooperate with Broadcom / MultiLane to show our interconnect solution, and demonstrate its execution of 5GAIoT strategy,” said Mr. Joseph Wang, CTO of FIT Hon Teng. "Last year, we established a few new pillars of corporate priorities, and building the future of 5GAIoT is one of them."
MultiLane is leading the development of test solutions for 800G passive and active copper cables, as well as their enabling active silicon. Their portfolio of BERT, DSO and TDR products and solutions offers unique capabilities that are crucial for the development of the 800G ecosystem.
“Our goal is to always be early to build innovative products and solutions in close collaboration with our partners, like Broadcom and FIT, that enable our customers to keep up with the bandwidth and performance requirements of today’s technological breakthroughs,” said Elias Khoury, Product Line Manager at MultiLane.
At OFC, the world's largest optical networking and communications exhibition, FIT demonstrates its QSFP-DD800 solution. The solution not only supports the data center companies, telecom operators, switch makers, server makers and test equipment operators to complete the innovation design, but also helps our partners to approach carbon neutrality. With the technology of optimization and immersion cooling application in the 800G interconnect products, FIT provides relevant solutions that support lower energy and carbon consumption.
Please check out the 800G demo at the Broadcom Booth# 5801 / MultiLane Booth# 3915.
About Foxconn Interconnect Technology (“FIT”):
FIT Hon Teng Limited (6088.HK), is a market leader of interconnect solutions for mobile devices, digital computer and consumer electronics, communication infrastructure, automotive, industry and medical applications and connected smart devices. For more information about FIT, please see: www.fit-foxconn.com.
About MultiLane:
MultiLane Inc. is a leading provider of High-Speed IO and Data Center Interconnect test solutions from 10G to 800G. Products include BERTs, TDR, optical and electrical oscilloscopes, optical switch boxes, and a host of MSA-compliant development tools for QSFP28, QSFP-DD, OSFP, and other standards. MultiLane’s products are used to test semiconductors, DACs, AOCs, active cables, optical transceivers, and system switch cards. MultiLane also offers compliance test services, signal integrity design services, and fully automated, turn-key test solutions. In addition, MultiLane develops high speed ATE modules that fit in wafer-scale automated test systems such as Advantest’s V93K platform. For more information, please visit www.multilaneinc.com and follow us on LinkedIn, Twitter and Facebook.
POET and MultiLane
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI NetworksMarch 27, 2024 06:57 ET| Source: POET Technologies Inc.
TORONTO and SAN JOSE, Calif., March 27, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (POET) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for data center, telecommunication and AI markets announced today a collaboration with MultiLane Inc., a leading provider of high-speed IO and data center interconnect test solutions, to develop next-generation, performance-optimized pluggable 800G, 1.6T and higher speed transceivers using POET’s newly designed transmit and receive optical engines. POET and MultiLane will focus on jointly developing pluggable transceivers that will reduce cost and improve power efficiency over existing solutions, and address the increasing need for more scalable hardware components for AI and cloud data center markets.
“Our intent with this collaboration is to design cost-optimized 800G modules that offer superior performance with both the DSP integrated version as well as Linear Pluggable Optics (LPO) variants. We also want to kick start our designs for 1.6T and 3.2T pluggable transceivers for the most advanced data center and AI network operators,” said Raju Kankipati, POET’s SVP of Product Management. “We have to plan and develop ahead of market demand and be ready when customers are ready to test these higher speeds. The collaboration with MultiLane will significantly shorten the design cycle time for POET’s technology and will enable us to bring this value to our global customers much more quickly.”
“We are excited to collaborate with POET, offering our services in product development, testing automation, and contract manufacturing to accelerate the product development and launch,” said Fadi Daou, Founder and CEO of MultiLane. “MultiLane specializes in high throughput testing that enables shorter design cycles and a faster time to market; driving industry innovation and maintaining a healthy networking ecosystem.”
Initial samples of pluggable transceiver modules from this collaboration are expected to be available in late 2024. According to LightCounting the market for 800G transceiver modules is approximately $750 million today but is forecasted to reach $1.7 billion by 2027. |
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| To: longz who wrote (843) | 5/15/2024 8:05:09 PM | | From: macnai | | | | Management Comments
“Our team embarked on a dynamic first quarter preparing for the Optical Fiber Conference (OFC) held in San Diego in mid-March,” stated Chairman & CEO, Dr. Suresh Venkatesan. “We could not have guessed at the time that those efforts would lead to a collaboration with Foxconn, one of the world’s leading electronics manufacturing companies to include our optical engines in their 800G and 1.6T optical module products. We are proud to have been selected for their advanced module designs and we look forward to supplying FIT and its global customer base, which includes the largest consumers of optical modules in the AI market. At OFC, we showcased four new products, each of which garnered serious attention from the industry, with the strongest interest in our leading-edge optical engine technology that powers optical modules for AI processing clusters, and in our light source products that facilitate chip-to-chip light-based data communications and high-speed computing. In addition to Foxconn, we are expanding our previously announced relationship with Luxshare, to include additional optical module products, and collaborating with MultiLane, a key supplier of high-speed test equipment in the industry to offer 800G and 1.6T optical modules. The enthusiastic reception from OFC helped us to secure multiple successful capital raises from institutional investors committed to our company's success. The additional capital fortifies our financial foundation as we navigate the next phase of our growth.” |
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