Foxconn first-quarter revenue jumps, company cautions on geopolitics

TAIPEI, April 5 (Reuters) – Taiwan’s ?Foxconn, the world’s largest contract electronics maker, reported a 29.7% ?on-year rise in first-quarter revenue on strong demand for artificial intelligence products, though it cautioned about “volatile” global politics. Sign up here. That was slightly below the T$2.148 trillion LSEG ?SmartEstimate, which gives greater weight to forecasts from analysts who are ?more consistently accurate. Strong AI demand led to robust revenue growth for its ?cloud and networking products division. Smart consumer electronics, which includes iPhones, posted “significant” growth thanks to new product launches, the company said. March revenue alone rose 45.6% on-year to ?T$803.7…