Foxconn’s June sales hit record high, driven by AI and cloud boom

Taipei [Taiwan], July 7 (ANI): Taiwan-based manufacturing giant Hon Hai Precision Industry Co., known globally as Foxconn, sales for the month of June rose 10 per cent from a year earlier, boosted by cloud and networking gadgets showed strong growth amid an artificial intelligence boom.

The company posted a consolidated sale of NTD 540.24 billion (USD 18.67 billion) in June, its highest ever for the month and up 10.09 per cent on a year-on-year basis but down 12.26 per cent from a month earlier, reports Focus Taiwan.