Taiwan's Foxconn , the world's largest contract electronics maker, said on Thursday it expected robust growth in its artificial intelligence server business next year after reporting a better-than-expected 14% rise in quarterly profit.

Foxconn Technology's (OTCPK:FXCOF) third quarter revenue jumped 20% year-over-year, and the company sees 2025 as "AI Year" for the group. Q3 Metrics: The Apple (AAPL) supplier — which is formally known as Hon Hai Precision (OTCPK:HNHAF) (OTCPK:HNHPF) — said net profit (attributable to the owners of the parent company) soared 14% year-over-year to

Taiwan's Foxconn, the world's largest contract electronics maker, reported on Thursday a better-than-expected 14% rise in quarterly profit underpinned by robust demand for artificial intelligence servers.

The Wall Street Journal, citing anonymous sources, reported late Tuesday that the airline was discussing terms of a possible bankruptcy filing.

Stockholders in financially troubled Spirit Airlines, the South Florida-based discount carrier, would see their shares cancelled under a potential debt restructuring agreement that has been under