Thursday, May 14, 2026

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 (Wall Street Journal)

Wall Street Journal:
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



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The EU Commission charges Temu with failing to cooperate during a December 2025 raid on its Dublin HQ as part of a probe into the company's foreign subsidies (Inti Landauro/Reuters)

Inti Landauro / Reuters : The EU Commission charges Temu with failing to cooperate during a December 2025 raid on its Dublin HQ as part o...