Apple supplier Foxconn's Q2 profit rises 6% thanks to AI boom
Taiwan
TAIPEI: Apple supplier Foxconn reported on Wednesday (Aug 14) a 6 per cent rise in second-quarter net profit, driven by strong AI server demand as the company touted "strong growth momentum" from the technology boom. The Taiwanese company, the world's largest contract electronics maker, said net profit for the April to June quarter rose to NT$35.05 billion (US$1.09 billion) from NT$33 billion in the same period the previous year. That beat analysts' average estimate of NT$34.29 billion. It was
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