Foxconn Q2 revenue beats market forecast on high AI server demand

Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, posted on Friday better-than-expected quarterly revenue on AI server demand, and forecast continued growth in the current quarter.

The third quarter is traditionally the start of the season for Taiwan’s tech companies to race to supply smartphones, tablets and other electronics to major vendors such as Apple for Western markets’ year-end holiday period.