AI demand pushes Foxconn’s monthly revenue to record in July

TAIPEI: Monthly revenue at Taiwanese contract electronics manufacturer Foxconn hit a record in July, surpassing T$900 billion ($27.93 billion) for the first time as strong demand for AI products boosted sales, the company said ‌on ⁠Wednesday.

Foxconn, a ⁠major supplier to Nvidia and Apple , said ​revenue last month rose 54.2% from a year earlier to ​T$946.5 billion.

Its cloud and networking products division, which includes AI servers, saw strong growth, benefiting ​from “strong pull-in momentum for AI ⁠products”, the ‌company said.