Taiwan's Foxconn, which assembles iPhones for Apple, reported first-quarter profit soared past estimates amid the work-from-home boom spurred by the Covid-19 pandemic that has stoked demand for devices like smartphones and laptops.

Two of Asia’s biggest technology companies, including Apple-supplier Foxconn, are looking to expand investment in the US, as president-elect Donald Trump pushes to bring manufacturing and jobs back to America.