Apple Supplier Foxconn Sees Q2 Profit Jump 6% on AI Demand

Foxconn, the world's largest contract electronics manufacturer, reported a 6% increase in net profit for the second quarter, driven by strong demand for artificial intelligence (AI) servers. The company's net profit for the April-June period rose to NT$35.05 billion ($1.09 billion) from NT$33 billion the previous year. This marks the fourth consecutive quarterly profit rise for Foxconn.

AI servers accounted for over 40% of Foxconn's server business in the second quarter, contributing significantly to the company's growth. Revenues from AI servers surged 60% from the previous quarter. The firm's next-generation AI computing solutions have also demonstrated strong growth momentum. Additionally, Foxconn has emphasized its global manufacturing capabilities, with bases in 24 countries, as a competitive advantage in meeting the increasing demand for AI technology.