The profit jump came on a low base last year, when Foxconn took a NT$17.3 billion write-down related to its 34% stake in Japanese electronics maker Sharp.

Foxconn's Q1 profit to jump from low base, AI to power growth By Reuters May 9, 202411:44 PM PDTUpdated May 9, 2024 ...

The sharp rise is partly due to a low base, as Foxconn's bottom line was hurt by a NT$17.3 billion write-down related to its 34% stake in Japanese electronics maker Sharp in the same period last year.