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Foxconn Raises Full-Year-Outlook Despite Rising Inflation, Global Chip Shortage

Foxconn has raised its full-year business forecast on Monday, after an increase in smartphone sales in June. The firm saw a 31 percent jump in sales from a year earlier, to a record high for the month. The increase comes despite concerns of slowing demand due to rising inflation, and a global chip shortage. The ongoing semiconductor shortage has also hurt smartphone p...

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