Company seeks to increase focus on high-margin components

Foxconn Electronics, the world’s largest contract manufacturer and third largest technology company by revenue, reported net profits of NT$68.766 billion ($2.17 billion) for the fourth quarter of 2016, its highest ever quarterly level since being founded in February 1974.

Down 14.1 percent sequentially

MediaTek has recently provided its earnings report for Q4 2016 during and managed to see its net profits fall 6.7 percent for the entire year, with gross margin reaching a record low of 35.6 percent.