Foxconn net profit rises in second quarter on AI demand
By
Biju Kumar
Taiwanese tech giant Foxconn on Wednesday reported a six percent jump in net profit for the second quarter of the year, driven by strong growth in demand for artificial intelligence servers.
Also known by its official name Hon Hai Precision Industry, the firm is the world’s largest contract electronics manufacturer and assembles devices for major tech companies, most notably Apple’s iPhones.