Taiwan’s Foxconn reports 35 percent rise in profit on AI demand

Taiwan’s Foxconn reports 35 percent rise in profit on AI demand

Foxconn's Q2 net profit jumped 35% to $1.86bn, beating forecasts, as AI server demand surges. The result signals sustained AI capex is real, not speculative—critical as Foxconn supplies Nvidia and Apple and reshores server production to US plants.